Material Topic for BW LPG

Risk, Commitment, Value

Risk

Increased risk of legal exposure and damage to reputation due to fraud or employee misconduct can grow as the workforce expands and business  activities become more complex. 

Commitment

To uphold high standards of governance practices and maintain open channels of communication. To conduct annual reviews of relevant legislation, guidelines, best practices and risk management.

Value

By stamping out bribery and corruption in the industry, we support a level playing field for all companies. Our business practices adhere to a robust system of rules and practices which allows us to operate more efficiently, improve access to capital, mitigate risk and safeguard stakeholders interests. 

Our Approach

Corporate Governance & Business Ethics

As a global enterprise, BW LPGis committed to fostering responsible conduct across our operations and throughout our value chain. This commitment involves advocating accountability through established policies, maintaining a strict stance against fraud and corruption, upholding a culture grounded in respect, honesty, and fairness, and actively contributing to transparency. Recognising the significance of responsible business conduct, we consider it essential in building trust among our stakeholders and integral to our overall success. 

Anti-Bribery and Anti-Corruption

We aspire to eradicate corruption within the segments we operate. We work towards this goal in collaboration with various stakeholders and by implementing measures within our own operations. Our ambition is to be a best-in-class entity, adhering to the most stringent international standards when conducting operations in jurisdictions challenged by practices of corruption, sanctions, and export controls.