Delivering energy for a better world

At BW LPG, sustainability is about working with a long-term perspective in mind — collaborating with stakeholders to mitigate operational impacts on the environment and contributing to the communities we serve. LPG is a cleaner-burning fuel that can help meet the world’s energy needs while addressing concerns on climate change.

As the world’s leading owner and operator of VLGCs and affiliated with BW Group, sustainability is at the core of our business activities. We have the responsibility and ability to influence at scale. As we continue to pursue good shareholder returns to ensure the sustainability of our business, we also act to ensure the sustainability of the planet. There are many uses for LPG, and we deliver it to you safely and sustainably.

ESG Ratings Performance 2023

ESG ratings help investors identify and understand financially material ESG risks to a business. Companies that score well on ESG metrics are generally believed to better anticipate risks and opportunities, be adept at long-term strategic thinking and value creation. ESG ratings are also an evaluation of a company’s focus and direction on ESG issues.

BW LPG focuses on reporting to ESG rating agencies that our investors and customers use and have methodologies that are transparent and meaningful. Key ESG rating agencies that we currently track are CDP, Sustainalytics, ISS ESG, MSCI, and S&P CSA.

Engagements

Shipping industry engagements and commitments

Senior management of BW LPG engages actively with our stakeholders through participation and presentations at industry events, cross-industry partnerships and coalitions. Our memberships in industry associations facilitates our engagement with regulatory bodies to understand and provide our expertise on matters that can impact the maritime industry.

Local community

We recognise that it is crucial to extend care to the broader community to foster cohesiveness, especially in challenging times. We choose to support initiatives that have a lasting impact on the communities even after the collaboration is completed.

Stakeholder Engagement

We aim to improve how we involve shareholders, regulatory bodies, and various stakeholders in discussions on our management, performance, and disclosure of significant ESG matters. We maintain open communication with our stakeholders and understand their key expectations through various forms of engagements, with the aim to meet all expectations. The table below summarises our key stakeholder groups, their expectations, and how engaged them over the year.