At the core of our sustainability approach is the purpose of BW LPG – where we work towards a Better World. We strive to lead the world’s transition towards cleaner energy
and in the process, create value for society and be a reliable partner for our stakeholders.
We recognize that how we conduct our business impacts the industry, the environment, and our community. Thus, we hold ourselves to high standards of sustainable operations and reporting.
As the world’s largest owner and operator of VLGCs, we play a pivotal role in contributing to a sustainable future by making a meaningful and positive impact in the shipping industry and in the communities we serve.
We support the United Nations Sustainable Development Goals (UN SDGs) and aspire towards a Better World by:
Guided by our Vision and Purpose, our sustainability strategy is centered on three key pillars and are underpinned by our C.A.R.E values.
Our Sustainability Commitments are integrated into the business with regular oversight from the highest level of the organisation. ESG governance takes a multi-disciplinary approach with contributions from all levels of the company. Together, we ensure that ESG issues are tackled from all perspectives.
Our sustainability priorities comprise of twelve key material topics to ensure that we are focusing our efforts on the most significant sustainability topics relevant to our business and industry. These material topics touch directly or indirectly on many of the United Nations Sustainable Development Goals (UN SDG).
ESG Risk Management
Consistent with our sustainability priorities, our risk management process includes an integrated evaluation of environmental, social, and governance (ESG) factors. We recognize that relevant and material ESG issues can meaningfully affect business performance, and these factors are critical components of our risk analysis, decision-making and ongoing monitoring.
ESG factors are integrated into the overall Enterprise Risk Management process in assessing risks and opportunities.
Our ESG Policy presents a concise overview of what sustainability means in BW LPG. As ESG considerations are integrated in BW LPG’s business operations, supporting Environment, Social and Governance policies, processes, management systems, initiatives, and our full Sustainability Report can be found on our website.