Sustainability Strategy and Governance

We believe in the future of LPG and its potential to improve the lives of people around the world

BW Balder together with Crew on upper deck
We believe in the future of LPG and its potential to improve the lives of people around the world.

At the core of our sustainability approach is the purpose of our Company – where we work towards a Better World. We want to take the lead in transitioning the world towards cleaner energy, and in the process, be a trusted, transparent and reliable partner for our stakeholders.

Sustainability Strategy

Our ESG and overall business strategy is centred around creating shared value, in line with the United Nations Sustainability Development Goals (UN SDGs) highlighted alongside our material topics. 

Sustainability Governance

The Board of Directors is the Main Responsible Body while the Audit Committee assesses and monitors the Company’s ESG strategy, supervising the initiatives taken and their impact on the business, environment, and society. The Executive Management is accountable for our sustainability programmes. All discussions related to our sustainability priorities and actions are reviewed by the Board of Directors who is the highest authority to oversee the work on our material topics as defined in our sustainability strategy. 

ESG stewardship is influenced by industry guidelines and our corporate policies are integrated into our everyday operations and applies to all crew and employees, contractors, and operating assets. 

  1. Oversees strategies, risks, initiatives and reporting

  2. Monitors strategy and reviews ESG material topics and initiatives at least annually

  3. Oversight of strategic priorities, trends, regulations and identified risks to mitigate and secure opportunities that support our ESG priorities

  4. Develop and execute ESG strategy, providing periodic progress reports to management on E, S and G material topics