Sustainability Goals and Priorities

Our sustainability actions are guided by what matters most

BW Tucana is the tenth vessel to be retrofitted with LPG dual-fuel propulsion technology
Sustainability is an integral part of our Vision to be Best on Water.

Materiality Assessment

In 2020, BW LPG engaged an independent third-party consultant to review our materiality assessment process to ensure that we are focusing our efforts on the most significant sustainability topics relevant to our business and industry. The diagram below illustrates our approach and stakeholder outreach.

Stakeholder engagement at BW LPG

Industry Analysis

Identification of key ESG issues facing the maritime industry.

Peer Evaluation and Benchmarking

A peer benchmarking exercise was conducted across industry peers, investors, lenders and ESG rating agencies to determine a list of key relevant ESG topics.

Stakeholder Survey

Online surveys were distributed to internal and external stakeholders to gather their inputs on what ESG topics matter most to them. The stakeholders included:

Internal stakeholders
  • Board of Directors
  • Executive Management
  • Shore staff
  • Crew
External stakeholders
  • Customer
  • Lenders
  • Investors/Shareholders
  • Suppliers
  • Government and Regulatory Bodies
  • Shipping Agencies, Registries, Clubs or Societies
  • Ship Brokers
  • Ship Managers

By triangulating different data sources, we mapped a materiality matrix and identified 12 key material topics. The material topics were identified based on stakeholder influence and BW LPG impact.

United Nations Sustainability

Development Goals

We have 12 sustainability priorities across the E, S and G strategic pillars. These material topics touch directly or indirectly on the United Nations Sustainable Goals (UN SDGs). We summarize our commitment to action and what they mean in our business.

 Our Sustainability PrioritiesWhat This MeansUNSDG
ENVIRONMENTEmissions to AirReduce GHG emissions across our fleet and lead the maritime industry to a more sustainable future13
Energy ManagementOptimise vessel efficiency and voyage operations 7,13
Ship RecyclingSupport the maritime industry’s efforts to make ship recycling
more responsible and transparent
15
Spills to SeaProtect ocean health by proper waste management and minimising spills to sea14,15
SOCIALCommunity EngagementUplift communities by increasing access to LPG as a cleaner source of energy3,7
Health and SafetySafeguard safety of all crew and employees with a balanced work-life culture3,8
Employee RelationsRecruit, develop and retain a skilled workforce with fair employment practices3,8
Diversity and InclusionTreat everyone with dignity and respect and encourage a diverse and inclusive culture5,8
GOVERNANCEGovernance and ComplianceConduct our business ethically and responsibly in full compliance with all
laws and regulations
16
Operational Excellence and Effective ManagementOptimise business processes through innovation and quality management16
Anti-Bribery and
Anti-Corruption
Uphold business integrity and stand against bribery and corruption in the maritime industry16
Economic Performance
and Benefits
Generate sustainable economic value for our stakeholders8

Goal 3 – Good health and well-being / Goal 5 – Gender equality / Goal 7 – Affordable and clean energy / Goal 8 – Decent work and economic growth / Goal 13 – Climate action / Goal 14 – Life below water / Goal 15 – Life on land / Goal 16 – Peace, justice and strong institutions