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.
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 Sustainalytics, ISS ESG and MSCI. In 2021, BW LPG was rated as “Low Risk” by Sustainalytics, within the top 40% of peers in ISS ESG, and “BB” by MSCI. Through internal own gap analysis and regular communication, we will improve how we manage our material issues.
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.
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.