Performance Metrics

Environment

Description of MetricUnit of Measurement202020212022
Emissions - GHG Emissions
Total Scope 1 Emissions CO2-eq tonnes ('000)1,502.51,335.41,268.7
Total Scope 2 Emissions CO2-eq tonnes ('000)0.040.040.04
Office Emission - SingaporeCO2-eq tonnes ('000)0.010.010.01
Office Emission - OsloCO2-eq tonnes ('000)0.030.030.03
Emissions - Other Emissions
Total amount of Nitrogen Oxide (NOx) emittedTonnes ('000)41.637.029.3
Total amount of Sulphur Oxide (SOx) emittedTonnes ('000)3.94.05.8
Total amount of Particulate Matter (PM10) emittedTonnes ('000)3.02.61.9
Carbon Intensity Index
Average Energy Efficiency Design Index (EEDI)g CO₂ / (tonne ⋅ nm)N.AN.AN.A
Energy Efficiency Operation Index (EEOI)g CO₂ / (tonne ⋅ nm)18.117.617.4
Annual Efficiency Ration (AER)g CO₂ / (tonne ⋅ nm)7.47.27.2
Energy
Fleet Fuel Consumption
Total High Sulphur Fuel Oil (HSFO)Tonnes ('000)52.065.470.9
Total Very Low Sulphur Fuel Oil (VLSFO)Tonnes ('000)387.1318.7264.5
Total Low Sulphur Marine Gas Oil (LSMGO)Tonnes ('000)37.530.128.1
Total Liquified Petroleum Gas (LPG)Tonnes ('000)1.216.241.9
Percentage Heavy Fuel Oil (HFO)Percentage (%)N/AN/A53%
Energy Consumption
Total energy consumption within the organizationTerajoules20,038.917,696.416,533.2
Renewable Fuel ConsumptionTerajoules000
Non-renewable Fuel ConsumptionTerajoules20,038.917,696.416,533.2
(1) Energy consumption for vesselsTerajoules20,038.517,696.116,532.7
(2) Energy consumption for officeTerajoules0.40.40.5
Office Consumption - SingaporeTerajoules0.10.10.1
Office Consumption - OsloTerajoules0.30.30.4
Ship Recycling and Ecological Impacts
Number of vessels recycled Number000
Shipping duration in marine protected areas or areas of protected conservation statusNumber of travel daysN/AN/AN/A
Percentage of fleet implementing ballast water:
(1) Total ExchangePercentage (%)100100100
(2) Total TreatmentPercentage (%)488090
Spills and releases to the environment
(1) Number ofNumber000
(2) Aggregate volume of Waste landed ashorem3966.31,241.21,136.5
Activity Metrics
Number of vesselsNumber424143
Owned FleetNumber332621
India FleetNumber078
TC-in FleetNumber9814
Total distance travelled by vesselsNautical miles ('000)3,4213,1732,917
Owned FleetNautical miles ('000)2,6642,1771,766
India FleetNautical miles ('000)0218363
TC-in FleetNautical miles ('000)757777787
Operating daysDays15,18214,32213,162
Owned FleetDays11,9649,9317,597
India FleetDays01,2752,684
TC-in FleetDays3.2183,1162,881
Deadweight tonnageDeadweight Tonnes ('000)2,2922,2042,359
Owned FleetDeadweight Tonnes ('000)1,8041,3671,147
India FleetDeadweight Tonnes ('000)0399454
TC-in FleetDeadweight Tonnes ('000)488438758
Number of vessel port callsNumber1,0741,019979
Owned FleetNumber861658502
India FleetNumber0173272
TC-in FleetNumber213188205
Twenty-foot equivalent unit (TEU) capacityTEUN/AN/AN/A

Comments on Environment Data

Certain prior year data has been recalculated to include additional and/or missing data points

MetricsComments
Fleet
Owned FleetWholly owned and operated vessels of BW LPG during the given year
India FleetWholly owned and operated vessels of BW LPG India during the given year
Data is only presented from 2021 onwards when BW LPG India became a subsidiary in Q2 2021
TC-in FleetVessels chartered in and operated by BW LPG during the given year
Emissions
GHG Scope 1 EmissionsEmissions from the operation of our owned and operated vessels, calculated indirectly via conversion and emission factors for fuel consumption based on recommendations from IMO 3rd and 4th GHG study and US Environmental Protection Agency (EPA)
GHG Scope 2 EmissionsEmissions from purchased energy for our office operations in Singapore and Norway in accordance with GHG Protocol guidelines
Calculated on a market basis for latest Singapore using Tuas Power Plant (Singapore) carbon emission factor and location basis for Norway using latest Residual fuel mix factor (Norway) from the Association of Issuing Bodies (AIB) Emissions from Madrid office was inmaterial in 2022
Nitrogen Oxide (NOx)Calculations, conversion and emission factors are based on recommendations from IMO 3rd and 4th GHG study
Sulphur Oxide (SOx)Calculated based on fuel oil consumption and recorded sulphur content per type of fuel oil
Calculations, conversion and emission factors are sourced from vessel performance suppliers and based on the IMO 3rd and 4th GHG study
Particulate Matter (PM10)Calculations, conversion and emission factors are based on recommendations from the IMO 3rd and 4th GHG study, US Environmental Protection Agency (EPA) and European Environment Agency air pollutant emission inventory guidebook 2019 with reference to ENTEC (2007)
Carbon Intensities
Annual Efficiency Ratio (AER)AER uses an approximation of cargo carried by utilizing the vessel’s designed deadweight capacity in place of actual cargo carried and assumes the vessel is continuously carrying cargo
AER of the fleet is calculated as the total CO2 emitted for all vessels / total Deadweight Tonnage X Distance Travelled for all vessels
Energy Efficiency Operational Index (EEOI)AER uses an approximation of cargo carried by utilizing the vessel’s designed deadweight capacity in place of actual cargo carried and assumes the vessel is continuously carrying cargo
AER of the fleet is calculated as the total CO2 emitted for all vessels / total Deadweight Tonnage X Distance Travelled for all vessels
Energy Efficiency Design Index (EEDI)Average Energy Efficiency Design Index (EEDI) for new ships is not applicable as no new vessels were added from 2019 to 2021
Energy efficiency design index for new ships is an IMO measure designed to ensure the use of more energy efficient equipment and engines. Disclosure as required under the Sustainability Accounting Standards Board (SASB) - Marine Transportation (TR-T-110a.4)
Energy
Fleet Fuel ConsumptionFuel oil consumption is monitored and measured in tonnes. It represents the consumption of all types of fuel used by the fleet - Heavy Sulphur Fuel Oil (HSFO), Very Low Sulphur Fuel Oil (VLSFO), Low Sulphur Marine Gas Oil (LSMGO) and Liquified Petroleum Gas (LPG)
Fleet Energy ConsumptionTotal energy consumption from BW LPG fleet, calculated from bunker consumption in the main engine, auxillary engine, boiler and tank conditioning in metric tonnes based on recommendations from 3rd party bunker management provider and IMO MEPC 70/18/Add.1 Annex 9
Office Energy ConsumptionTotal energy consumption from onshore offices (Singapore and Norway), calculated from electricity consumption in kwh based on universal kwh to TJ conversion factor
Percentage (%) Heavy Fuel OilDisclosure as required under the Sustainability Accounting Standards Board (SASB) - Marine Transportation (TR-MT-110a.3)
Data is unavailable before 2022
Ship Recycling and Ecological Impacts
Spill and ReleasesOil spills as defined in MARPOL Annex I
Waste Landed AshoreWaste generated by vessel and disposed onshore
Data for TC-in fleet and India fleet is partially reflected from 2021 onwards as we continue to improve our data collection process
Percentage of Fleet Implementing Ballast Water TreatmentNumber of vessels that have installed treatment / total number of vessels
Data collection was improved, resulting in a slight change in percentage disclosed from 2021
Shipping Duration in Marine Protected AreasDisclosure as required under the Sustainability Accounting Standards Board (SASB) - Marine Transportation (TR-MT-160a.1)
Not reported as data is not available
Activity Metrics
Number of vesselsAs at year end
Number of operating days Vessel calendar days less number of days vessel is offhire
Number of port callsSingle instances where a vessel approaches a port for operations including but not limited to loading, discharging, ship-to-ship transfers, bunkering, dry docking and crew change

Social

Description of MetricUnit of Measurement202020212022
Health & Safety
CrewNumber of fatalities as a result of
Work-Related Injury
Number000
Lost-Time Injury (LTI)Number220
Total Recordable Case(TRC)Number6101
Number of hours worked1000 Number7,0867,051.86,311
Rate of fatalities as a result of
Work-Related Injuries
Percentage (%)000
Lost-Time Injury Frequency (LTIF)Frequency0.140.280.00
Total Recordable Case Frequency (TRCF)Frequency0.861.420.16
EmployeesNumber of fatalities as a result of
Work-Related Injury
Number
Number of high-consequence
Work-Related Injury (excluding fatalities)
Number000
Number of recordable
Work-Related Injury
Number000
Rate of fatalities as a result of
Work-Related Injuries
Percentage (%)000
Rate of high-consequence
Work Related Injury
Percentage (%)000
Rate of recordable
Work-Related Injury
Percentage (%)000
Accident & Safety Management
Marine Casualties(1) Number of marine casualtiesNumber220
(2) Percentage classified as very seriousPercentage (%)000
Number of Port State Control(1) DeficienciesNumber0.240.120.04
(2) DetentionsNumber000
Number of Conditions of Class or RecommendationsNumber152
Training
CrewTotal Training hoursNumberN/A12,872.113,880
Average training hoursNumberN/A6.18.7
EmployeesTotal Training hoursNumber2031,150996
Average training hoursNumber2.715.510.6
Permanent Staff
CrewTotalNumber1,6402,0961,595
MaleNumber1,6332,0751,580
FemaleNumber72115
Onshore StaffTotalNumber737394
Total MaleNumber424156
SingaporeNumber212021
NorwayNumber202023
MadridNumber0011
HoustonNumber111
Total FemaleNumber313238
SingaporeNumber292830
NorwayNumber246
MadridNumber002
HoustonNumber000
Temporary Staff
Onshore StaffTotalNumber010
Total MaleNumber000
SingaporeNumber000
NorwayNumber000
MadridNumber000
HoustonNumber000
Total FemaleNumber010
SingaporeNumber012
NorwayNumber000
MadridNumber000
HoustonNumber000
Overall
Onshore StaffEmployee Turnover and New Hires
Employees at the start of yearNumber717374
Total Employee TurnoverNumber131111
Total New Employee HiresNumber151231
Employees at the end of the periodNumber737494
Rate of Employee New Hires
TotalPercentage (%)211633
MalePercentage (%)241239
FemalePercentage (%)162124
Rate of Employee Turnover
TotalPercentage (%)181512
MalePercentage (%)121513
FemalePercentage (%)261511
Employee Diversity
Senior-levelTotal Number of EmployeesNumber131418
MalePercentage (%)777183
FemalePercentage (%)232917
< 30 years oldPercentage (%)000
30 - 50 years oldPercentage (%)545756
> 50 years oldPercentage (%)464344
Mid-levelTotal Number of EmployeesNumber353648
MalePercentage (%)696767
FemalePercentage (%)313333
< 30 years oldPercentage (%)032
30 - 50 years oldPercentage (%)777571
> 50 years oldPercentage (%)232227
Entry-levelTotal Number of EmployeesNumber252428
MalePercentage (%)322932
FemalePercentage (%)687168
< 30 years oldPercentage (%)322121
30 - 50 years oldPercentage (%)687971
> 50 years oldPercentage (%)007
OverallTotal Number of EmployeesNumber737494
MalePercentage (%)585560
FemalePercentage (%)434540
< 30 years oldPercentage (%)1187
30 - 50 years oldPercentage (%)707368
> 50 years oldPercentage (%)191925

Comments on Social Data

Certain prior year data has been recalculated to include additional and/or missing data points

MetricsComments
Health and Safety
Lost-Time Injury (LTI) / Lost-Time Injury Frequency (LTIF)LTI is the sum of lost workday cases, permanent patial and total disabilities and fatalities due to work injuries
LTIF is the ratio of the number of lost-time injuries occuring in a workplace per 1 million hours worked
Total Recordable Case (TRC) / Total Recordable Case Frequency (TRCF)TRC captures the sum of all cases of lost time injuries, restricted work injuries medical treatment Injuries, first aid cases and work-related fatalities
TRCF is the sum of total recordable cases per 1 million hours worked over the quantity of hours worked
Marine CasualtiesAs defined in accordance with each vessel flag state
Disclosure as required under the Sustainability Accounting Standards Board (SASB) - Marine Transportation (TR-MT-540a.1)
Port State DetentionsNumber of Port State Control inspections resulting in a detention
Port State Control DeficienciesRatio between the number of reported deficiencies relative to the number of Port State Control Inspections as such the average number of deficiencies per inspection
Crew and Employee
EmployeeIncludes employees from (Singapore, Oslo, Madrid and Houston)
TrainingTraining includes topics on diversity and inclusion, business ethics, cybersecurity, health and safety, upgrading and upskilling
Training hours for crew are tracked from 2021 onwards
Number of CrewIncludes crew from both externally and internally managed vessels
Rate of Employee Turnover / New HiresThe ratio of number of leavers / new hires over the total number of employees at the end of the relevant year
Significant increase in new hires due to the acquisition of Vilma Oil
Management LevelEntry-level refers to employees who execute the day-to-day operations of the company (Assistants, Executives and Assistant Managers)
Mid-level refers to employees who plan and supervise the day-to-day operations of the company (Managers and Senior Managers)
Senior-level refers to employees who have a high level of experience, knowledge and responsibility within the company (General Managers and Executive Leadership Team)

Governance

Description of MetricUnit of
measurement
202020212022
Board Diversity
MaleNumber of individualsNumber222
Percentage of individuals within the organisation’s governance bodiesPercentage (%)404040
FemaleNumber of individualsNumber333
Percentage of individuals within the organisation’s governance bodiesPercentage (%)606060
Anti-Bribery and Anti-Corruption
Risk and Incidents
AfricaTotal number of port callsNumber518355
Total port calls assessed for corruption related risksPercentage (%)100100100
Asia (incl. India and China)Total number of port callsNumber241380275
Total port calls assessed for corruption related risksPercentage (%)100100100
South America Total number of port callsNumber1276373
Total port calls assessed for corruption related risksPercentage (%)100100100
Number of port calls in countries that have the 20 lowest rankings in Transparency International's Corruption Perception Index.Number621
Total amount of monetary losses as a result of legal proceedings associated with bribery or CorruptionUS$'000000
Economic Performance and Contributions
Total RevenueUS$’000811,7341,241,3551,563,563
Total ExpensesUS$’000409,309935,9681,192,580
Staff CompensationUS$’00011,63118,01717,647
Manning CostUS$’00052,00748,21346,878
Other ExpensesUS$’000345,671869,7381,128,055
Political ContributionsUS$’000000
Community DevelopmentUS$’00032,800166,00584,407

Comments on Governance Data

Certain prior year data has been recalculated to include additional and/or missing data points

MetricsComments
Supply Chain
Number of Vendors and SpendingIncludes only suppliers supplying to internally managed vessels
Anti-Bribery and Anti-Corruption
% of port calls assessed for corruption related risksAll ports called upon in Africa, Asia (including India and China) and South America have been assessed for corruption related risks
Number of confirmed incidents of corruptionIncidents where bribery or corruption were encountered
Transparency International Corruption Perception IndexBased on the 2021 Transparency International Corruption Perception Index
Economic Performance
RevenueCertain comparative figures have been reclassified to conform with the presentation adopted for the current period.
Total revenue from spot and time charter voyages
ExpensesCertain comparative figures have been reclassified to conform with the presentation adopted for the current period.
Total voyage, charter hire, vessel operating, general and administrative expenses
Manning CostsFor crew working onboard vessels
Staff CompensationFor office employees in Singapore, Oslo, Madrid and Houston
Political ContributionsRefers to contributions made to any political parties in the form of financial donations, loans, sponsorships, retainers, support of organisations funding political campaigns/parties such as Political Action Committees or Associated Entities)
Community Development SpendingRefers to paid amounts for activities related to Corporate Social Responsibility (CSR) in period