ESG Targets and Performance at BW LPG

Tables and charts our seafarers require to plan the safe delivery of cleaner energy to world markets

Responsible and transparent business practices

Which uphold our Vision, Purpose and Core Values and contribute to the UN Sustainable Development Goals.

Environmental performance dashboard

BW LPG Emission Goals — One step at a time in our decarbonisation journey

Environmental Performance Dashboard

Sustainability Priority	Emissions and Energy	Biodiversity and Waste Management
UNSDG Goal
2022 TARGETS	• Install SMARTShip on last 7 of 26 vessels by Q1 2023 • Retrofit our last 3 of 15 vessels with LPG dual-fuel propulsion engines in 2022 • By 2030 we will only have newbuildings that can achieve net-zero carbon emission during its lifetime	• 0 oil spills • 100% compliance with all MARPOL conventions • 100% of all ship recycling projects to be done with shipyards that operate in compliance with the Hong Kong Convention • 100% compliance with the Ballast Water Management Convention • Complete Ballast Water treatment system installation and upgrades on all owned and BW LPG India fleet by end 2023
2022 PROGRESS	• Completed installation of SMARTShip on 19 vessels (Remaining vessels were sold/transferred to JV fleet) • Completed all 15 LPG dual-fuel propulsion engines retrofit in 2022 • No newbuildings were ordered in 2022	• 0 oil spills in 2022 • 0 non-compliance with the Ballast Water Management Convention • 0 non-compliance with all MARPOL conventions • No vessels were recycled in 2022 • 9 vessels in our whole fleet installed/upgraded its ballast water treatment systems
2023 TARGETS	• By 2030 we will only have newbuildings that can achieve net-zero carbon emission during its lifetime. • Fleet in compliance with EEXI requirements • Fleet to have a CII rating of "C" or better	• 100% compliance with the Ballast Water Management Convention. • Complete Ballast Water treatment system installation/upgrade on all owned and BW LPG India fleet by end 2023. • 100% compliance with all MARPOL conventions. • No oil spills. • 100% of all ship recycling projects to be done with shipyards that operate in compliance with the Hong Kong Convention and certified to ISO 30000

Social Performance Dashboard

Sustainability Priority	Health and Safety	Our People	Community Engagement
UNSDG Goal
2022 TARGETS	• 0 crew and contractor fatalities at sea and on shore while at work • Lost Time Injury Rate ≤ 0.5 • Total Recordable Case Frequency ≤ 1.5 • Implement additional Health and Safety requirements under contractor terms and conditions	• Diversity of nationalities with ±15% variance in gender • Achieve ≥ 80% participation rate on Employee Pulse survey • Achieve ≥ 70% satisfactory result on Employee Pulse Survey on employee engagement	• Maintain ≥ 1 community contribution in communities we operate in • Maintain long term partnerships to contribute to communities
2022 PROGRESS	• 0 crew and contractor fatalities at sea and on shore while at work • Lost Time Injury Rate ≤ 0.5 • Total Recordable Case Frequency ≤ 1.5 • Implemented additional Health and Safety requirements under contractor terms and conditions	• Maintained diversity of nationalities with ± 15% variance in gender • Achieved ≥ 80% participation rate on Employee Pulse survey • Achieved ≥ 70% satisfactory result on Employee Pulse Survey on employee engagement	• Maintained ≥ 1 community contribution in communities we operate in • Maintained long term partnerships to contribute to communities
2023 TARGETS	• Zero crew and contractor fatalities at sea and on shore while at work. • Lost Time Injury Rate ≤ 0.5. • Total Recordable Case Frequency ≤ 1.5	• Diversity of nationalities with ± 15% variance in gender • Investment into training, upgrading and upskilling programs • Have at least 2 interns/trainees in our industry exposure program to encourage and groom maritime talent	• Maintain ≥ 1 community contribution in communities we operate in • Amount spent on initiatives and engagements

Governance Performance Dashboard

Sustainability Priority	Corporate Governance	Anti-Bribery and Anti-Corruption	Operational Excellence and Effective Management
UNSDG Goal
2022 TARGETS	• 0 non-compliance with laws and regulations	• Enhance ABAC communication to all crew and employees through updated trainings • ≥ 1 event to raise awareness of latest developments in areas of operation • Continue to monitor and improve shore to ship communications to support our crew	• Audit top 50 suppliers by end-2022 • 100% of active suppliers assessed on ESG practices • 0 detentions • Increase collaboration with industry bodies • Maintain ISO certifications • On-time and on budget project execution
2022 PROGRESS	• 0 non-compliance with laws and regulations	• Biennial ABAC survey was conducted achieving favourable results and updated ABAC training materials • Raised awareness through 2 Senior Officers Conference • Increased communication to all crew and employees through various modes	• Audited 50 suppliers • 100% of active suppliers assessed on ESG practices • 0 detentions • Increased communication and collaboration with industry bodies • Maintained ISO certifications • On-time and on budget project execution
2023 TARGETS	• 0 non-compliance with laws and regulations	• Enhance ABAC communication to all crew and employees through updated trainings. • At least one event to raise awareness of latest developments in areas of operation. • Continue to monitor and improve shore to ship communications to support our crew	• 100% of active suppliers assessed on ESG practices • 0 detentions • Increase collaboration with industry bodies • Maintain ISO certifications • On-time and on budget project execution • Efficient utilisation of available capital to generate additional profits • Outperform peers in TCE, OPEX and ROE • Continuous improvement in ESG efforts

Framework Reporting

Steering our vessels and company with a long-term view of the business. Providing data in alignment with GRI and SASB reporting frameworks.

Policies and Guidelines

Communicating our standards for business conduct clearly and transparently through policies and guidelines.