Responsible Transition

To commit to decarbonisation is to commit to a sea change in how we operate. At BW LPG, we are walking the talk – planning a long-term roadmap that not only protects the interests of our shareholders, but also positions us to seize opportunities from the global clean energy transition. 

Material Topic: Climate Change

We are committed to a proactive climate management strategy, addressing risks from extreme weather events in our operations and supply chain. Through advanced risk assessments, we fortify operations, prioritise asset resilience with sustainable practices, and integrate climate considerations into investment decisions. This comprehensive approach ensures resilience and environmentally conscious decision-making in the face of climate challenges. 

Environmental Impact Management

Reducing direct and indirect greenhouse gas emissions from our operations and supporting the global shift to cleaner energy is crucial in the near term as we navigate the global energy shift and needs of the industry. We want to reduce the negative environmental impact of business activities while increasing the positive influence we can have as we uphold responsible operations. 

Material Topic: Emissions and Energy

A responsible transition starts with our actions now. We are working towards our long-term decarbonisation goal by reducing emissions and increasing energy efficiency of our current business activities and assets. Through many operational and practical energy management initiatives, as well as investments to upgrade and digitalise our fleet – including our pioneering LPG dual-fuel propulsion technology – we are reducing our footprint in phases. 

Material Topic: Protecting Biodiversity

The oceans connect our markets. As we deliver cleaner-burning energy around the world, we must do so in ways that minimise the impact of our operations on marine biodiversity. Ship recycling is a fundamental part of the shipping value chain. At the end of a vessel’s commercially viable life, we have a responsibility to ensure that it is recycled responsibly and in a manner that minimizes impact to human health and the environment. 

Environmental Management

ISO 14001 is an internationally recognised Environmental Management System (EMS) standard designed to help organisations establish, implement, maintain, and continually improve their environmental performance. Our inhouse and external fleet managers are certified to this standard. A key component of the ISO 14001 EMS is to identify risks through an ‘aspect list’. This list refers to a comprehensive compilation of environmental aspects associated with the activities, products, or services of an organisation that interacts with the environment, leading to potential environmental impact. 

An aspect list helps us establish objectives, targets, and management programs to address environmental impacts effectively. It provides a foundation for ongoing monitoring, measurement, and improvement of environmental performance. Our aim is to systematically manage and reduce the environmental footprint of organisational activities while complying with all relevant legal and regulatory requirements. 

2023 At A Glance