Governance – BW LPG

Doing good while doing well

At BW LPG, strong corporate governance and operational discipline are fundamental to safeguarding the confidence of our stakeholders. Our governance framework provides structured oversight of policies, procedures and decision-making processes, ensuring that strategic discussions are supported by robust internal controls and established approval mechanisms.

We aim to go beyond regulatory compliance by upholding high standards of governance, maintaining transparent and open communication, and regularly assessing relevant legislation, guidelines, best practices and risk management frameworks to ensure their continued effectiveness.

Corporate governance

Strong corporate governance underpins BW LPG’s strategy, risk management and long-term value creation, and is essential to maintaining stakeholder trust. Clear governance structures, roles and responsibilities support effective decision-making, accountability and transparent business practices.

The Board provides overall oversight of strategy, performance and sustainability priorities, supported by relevant Board committees. Strategic decisions are subject to established approval procedures, while policies and procedures guide ethical business conduct, regulatory compliance and responsible corporate behaviour across the organisation and value chain, including clearly communicated antibribery and anti-corruption expectations. Risk management and internal control frameworks are embedded across the organisation and integrated into strategic planning.

Transparency and timely disclosure support effective engagement with shareholders, investors and other stakeholders. BW LPG does not make political contributions. Governance practices are reviewed regularly to reflect regulatory developments and evolving best practices. The company’s whistleblowing framework, supported by an independent external reporting platform, enables stakeholders to raise concerns without fear of reprisal, with reports reviewed by the audit Chairperson in collaboration with relevant members of Executive Management to ensure appropriate follow-up and action.

Operational excellence

Operational excellence is fundamental to BW LPG’s ability to deliver safe, reliable and efficient shipping and trading services and is closely linked to the company’s corporate governance framework. We operate in accordance with high ethical standards and applicable laws and regulations, and expect the same from our business partners. Our Anti-Bribery and Anti-Corruption (ABAC) framework, together with sanctions and export control requirements, is embedded in business processes and operational practices across all jurisdictions, including those with elevated risk exposure.

BW LPG maintains a zero-tolerance approach to fraud and corruption and promotes a culture of integrity, transparency and accountability. Fleet operations are managed through established technical, operational and safety management systems, with performance monitored through defined indicators. Standardised procedures, digital tools and ongoing training support consistent execution, continuous improvement and effective risk management, while lessons learned and regular reviews ensure operational practices remain aligned with regulatory developments and evolving market requirements.

Policies and Guidelines

Upholding the highest standards of business conduct

Communicating our expectations clearly, so that we can work towards our Vision of being Best on water with cleaner energy.

At BW LPG, we deliver on our promises to customers and colleagues. Our policies and guidelines hold us to high standards of operations and collaboration. We recognize that accountability and reliability are essential for success, and we act with integrity and uphold high ethical standards.


Environmental	Ballast Water Management Policy
Environmental	Environmental Policy
Environmental	Ship Recycling Policy
Environmental	Waste Management Policy
Social	Contractor Safety Policy
Social	Diversity, Inclusion & Non-Discrimination and Anti-Harassment Policy
Social	Labor and Human Rights Policy
Social	Seafarers’ Anti-Harassment and Anti-Bullying Policy
Social	Seafarers’ Labor and Human Rights Policy
Governance	Anti-Bribery and Anti-Corruption Policy (Shipping & Vessels)
Governance	Anti-Bribery and Anti-Corruption Policy
Governance	Audit Committee Guidelines
Governance	BW LPG Ltd Constitution
Governance	BW LPG AS Norwegian Transparency Act Report
Governance	Code of Conduct and Ethics
Governance	Code of Conduct Guide to Procurement Ethics
Governance	Conflict of Interest Policy
Governance	Corporate Governance Policy
Governance	Corporate Governance Report
Governance	Dividend Distribution Policy
Governance	Executive Remuneration Guidelines
Governance	General Purchasing Terms and Conditions
Governance	Insider Trading Policy
Governance	Investor Relations and Shareholder Engagement Policy
Governance	Nomination Committee Guidelines
Governance	Norwegian Code of Corporate Governance
Governance	Procurement Policy
Governance	Remuneration Committee Guidelines
Governance	Responsible Tax Policy
Governance	Shareholder Democracy Policy
Governance	Supplier Code of Conduct
Governance	Whistleblowing Policy
Governance	Related Party Transaction Policy

Environment

Energy powers our world and our energy choices can protect our environment. LPG is a cleaner-burning fuel with plenty of uses.

Social

Providing a conducive working environment, respecting employees and crew, uplifting communities with cleaner-burning energy.

Our approach to Sustainability

Read more about our Sustainability strategy, our material topics and stakeholder engagement.