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. In 2021, we enhanced our approach through the TCFD framework to consolidate ESG matters that are most important to us.

Materiality Assessment
Our enhanced approach to address material topics allows us to assess and address ESG matters that are most important to us.

Our internal stakeholders include our Board of Directors, Executive Management, Shore staff and Crew. Our external stakeholders include Customers, Lenders, Investors/Shareholders, Suppliers, Government and Regulatory Bodies, Shipping Agencies, Registries, Clubs or Societies, Ship Brokers and Ship Managers.

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

United Nations Sustainability

Development Goals

We have eight 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 summarise our commitment to action and what they mean in our business.

Significance to BW LPGWhat We Want to AchieveAlignment with UNSDGsStakeholder Impacted
ENVIRONMENTEmissions and EnergyThe world needs a rapid transition to lower-carbon energy to meet the goals of the International Maritime Organisation (IMO) and the Paris Agreement.Reduce direct and indirect GHG emissions from our operations, and support the global shift to cleaner energy.7, 13, 17Crew
Employees
Customers
Suppliers Lenders
Government and Regulators
Biodiversity and Waste ManagementRespect the environment in which we operate, and the communities who depend on this environment for
resources and livelihoods.
Ensure Zero Harm to people and the environment. This includes no net loss to biodiversity when undertaking new projects in sensitive areas.14,15Crew
Employees
Customers
Suppliers Lenders
Government and Regulators
SOCIALHealth and SafetyCreating a safe and healthy workplace with Zero Harm is our top priority.Protect the health and safety of crew, employees and contractors. Prevent incidents through training, careful planning, identifying potential hazards and managing risks.3,8Crew
Employees
Customers
Suppliers
Government and Regulators
Our PeopleOur people is key to our success. To stay ahead of competition and be Best on Water, we need a motivated, engaged, and diverse team.
Create a workplace that is inclusive, diverse and free from prejudice. Prohibit violations and act on human and labour rights issues.5,8,10Crew
Employees
Suppliers
Community EngagementAs we grow deep roots in the communities where we have a presence, we attract the best talent, build a strong company culture, provide meaningful work to employees and advance our reputation.Our engagements are prioritised in areas where we can demonstrate leadership and where our knowledge and resources can make a meaningful and lasting difference for communities.3,4,7Crew
Employees
GOVERNANCECorporate GovernanceBe accountable to stakeholders and insist on transparency, consistency, and high standards of integrity in all business activities.Commit to BW LPG’s code of conduct by running our business in an honest and open manner, and insisting on the same requirements from all business partners and vendors.16,17Crew
Customers
Investors
Lenders
Government and Regulators
Anti-Bribery and Anti-CorruptionAs a global business, we are susceptible to bribery and corrupt practices. We expect all employees, crew and business partners to uphold the highest standards of integrity, especially when operating in high-risk areas.Our policy on bribery and corruption is made known to business partners, and training is provided to crew and employees. We play an active role in industry initiatives to eradicate bribery and corrupt practices.16,17Crew
Employee
Suppliers
Customers
Operational Excellence and Effective ManagementProtect our reputation as a responsible business partner with high standards of operations and integrating risk management into our business operations.Ensure internal controls are adhered to, and paying close attention to risk management to raise the standard of our services and supply chain.8, 17Crew
Employees
Suppliers
Customers
Investors
Lenders

Goal 3 – Good health and well-being / Goal 4 – Quality education / Goal 5 – Gender equality / Goal 7 – Affordable and clean energy / Goal 8 – Decent work and economic growth / Goal 10 – Reduced inequalities / Goal 13 – Climate action / Goal 14 – Life below water / Goal 15 – Life on land / Goal 16 – Peace, justice and strong institutions / Goal 17 – Partnership for the goals