Managing Risks
Keeping our eyes on the horizon to ensure business sustainability.
Doing good while doing well
We conduct our business with high ethical standards and in compliance with relevant laws, and we ask for the same standards from our business partners.
Beyond compliance, we ensure strict internal governance in our business practices. We follow established gatekeeping procedures when we debate strategic business decisions. We have clear and transparent procurement practices. We enforce and audit operational policies at sea and on shore.
Why? Because it is the right thing to do. Because only with good governance, can we be a force for good.
Corporate Stewardship
We want to be our customers’ first choice for LPG shipping and we take pride in offering industry-leading customer service and operational excellence.Adapting to our changing world requires an understanding that success as a company must be defined by more than the bottom line. By embedding sustainability into our business strategy and operations, we will not only achieve good financial results while incorporating environmental and social considerations, but also ensure long-term sustainability of our business and operations.
UNSDG Goals: 8,16,17
Stakeholders: Crew, Employees, Suppliers, Customers, Investors, Lenders
Material topics
Corporate Governance
As a global enterprise, BW LPG is committed to fostering responsible conduct across our operations and throughout our value chain. This means advocating accountability through established policies, maintaining a strict stance against fraud and corruption, upholding a culture of respect, honesty and fairness, and actively contributing to transparency. We consider responsible business conduct to be essential in building trust among our stakeholders, and integral to our overall success.
Operational Excellence
We aspire to eradicate corruption wherever we operate. Through our Anti-Bribery and Anti‑Corruption (ABAC) framework, we implement robust controls and policies to ensure compliance with the highest international standards. In collaboration with various stakeholders, we strengthen our operations by embedding ABAC principles, sanctions compliance, and export controls into our business practices. Our ambition is to be a best-in-class entity, upholding integrity, transparency, and ethical conduct, especially in jurisdictions challenged by corruption risks.
Policies and Guidelines
Holding ourselves to high standard
At BW LPG, we deliver on our promises to customers and colleagues. Our policies and guidelines hold us to high standards of operations and collaboration. We recognize that accountability and reliability are essential for success, and we act with integrity and uphold high ethical standards.
| Sustainability priority | Commitment | 2024 Targets | 2024 Progress | UNSDG goal |
|---|---|---|---|---|
| Corporate governance | Through strong corporate governance, we uphold the highest standards of integrity, accountability, and ethical leadership. We ensure robust oversight, transparent decision-making, and compliance with global regulations, fostering trust among stakeholders and supporting sustainable, long-term value creation. | – Zero non-compliance with laws and regulations – Actively promote awareness at sea and in offices for zero tolerance to bribery, facilitation and corruption – Host online and onsite campaigns to promote ABAC awareness | – 100% compliance with all laws and regulations – No facilitation payments made and no monetary loss due to legal proceedings – No cases of misconduct reported in 2024 – No political contributions made in the past four years – The Group was not involved in any legal proceedings related to anti-competition practices and had no reported cases of misconduct in 2024 – Enhanced ABAC communication to all crew and employees through updated trainings |  |
| Operational excellence | By embedding sustainability into our strategy and operations, we will not only achieve good financial results but also ensure long-term sustainability. We are a member of the Maritime Anti-Corruption Network, a global initiative to eliminate bribery and corruption in shipping. | – Zero detentions – Increase collaboration with industry bodies – Maintain ISO certifications – On-time and on-budget project execution – Expand internal IT standards, and enhance data protection and handling capacity – Reinforce compliance with all applicable regulatory frameworks – 100% of top suppliers audited on ESG practices | – No detentions in the last four years – Internal IT capabilities enhanced with three new permanent employees and a restructuring of data and reporting solutions – No major cybersecurity incidents or data breaches reported in 2024 – ISO certifications maintained – Projects executed within timelines and budget – In collaboration with BW Group, planning a combined effort to contract an ESG provider platform for auditing all suppliers |   |
Environment
Energy powers our world and our energy choices can protect our environment. LPG is a cleaner-burning fuel with plenty of uses.
Social
Providing a conducive working environment, respecting employees and crew, uplifting communities with cleaner-burning energy.
Targets and Performance
Committing ourselves to the transparent sharing of information on key ESG metrices so as to monitor our performance.
