Towards a Better World
At BW LPG, sustainability is about working with a long-term perspective in mind—collaborating with stakeholders to mitigate operational impacts on the environment and contributing to the communities we serve. LPG is a cleaner-burning fuel that can help meet the world’s energy needs while addressing concerns on climate change.
As the world’s largest owner and operator of VLGCs and affiliated with BW Group, we have the responsibility and ability to influence at scale. As we continue to pursue good shareholder returns to ensure the sustainability of our business, we also act to ensure the sustainability of the planet. We will show that while there are many uses for LPG, there is only one way to ship it sustainably—with BW LPG.
Sustainability at BW LPG
Sustainability is a priority at BW LPG and an integral part of our vision to be Best on Water.
At the core of our sustainability approach is the purpose of BW LPG – where we work towards a Better World.
Energy powers our world and our energy choices can protect our environment. LPG is a cleaner-burning fuel with plenty of uses.
Providing a conducive working environment, respecting employees and crew, uplifting communities with cleaner-burning energy.
Conducting our business with integrity and in compliance with relevant laws, and asking for the same standards from our business partners.
- Transparency & Governance
- Anti-Bribery & Anti-Corruption
- Operational Excellence & Effective Management
Committing ourselves to the transparent sharing of information on key ESG metrices so as to monitor our performance.
ESG ratings help investors identify and understand financially material ESG risks to a business. Companies that score well on ESG metrics are generally believed to better anticipate risks and opportunities, be adept at long-term strategic thinking and value creation. ESG ratings is also an evaluation of a company’s focus and direction on ESG issues.
BW LPG focuses on ESG rating agencies that our investors and customers have indicated an interest in, and have methodologies that are transparent and meaningful. Key ESG rating agencies that we currently track are CDP, Sustainalytics, ISS ESG and MSCI. Through internal gap analysis and regular communication, we will improve how we manage our material issues. We participated in our first Carbon Disclosure Project (CDP) in 2022 and received a C grade for our response to the Climate Change questionnaire.
We are encouraged to see our progress and efforts acknowledged – BW LPG was included in the first-ever Oslo Stock Exchange OBX ESG Index in 2022. For more information on the Index, click here.
Memberships and Associations
To deliver energy with BW LPG is to ship smarter, more sustainably, and more cost effectively.
We are listed on the Oslo Stock Exchange, and we invest in the global energy transition with our shareholders.
We share what it means to deliver clean-burning LPG safely and sustainably with us.