Through this Report, BW LPG demonstrates commitment to keep our stakeholders informed about the economic, environmental and social impact from our business activities. It also details what we are doing to mitigate these impacts, to play our part in using our maritime expertise to serve society and to be a driving force for change.
It is encouraging to see increasing awareness on sustainability and sustainable practices in our industry. We want to move beyond risk management and a reactive mindset, and towards identifying business opportunities in the area of sustainability. Being a sustainable company is to create value for society – continuing to remain committed in our efforts to make people’s lives better, enable economies to grow, and protect the environment for future generations.
Responsible operations and profitable growth are not conflicting goals - rather, they are preconditions for each other. Megatrends such as global warming impact our industry, and we cannot worry about it later."
Berge Summit delivering clean and affordable energy to U.S. Virgin Islands.
As a maritime energy transportation company specialising in the safe and efficient carriage of LPG, many topics BW LPG considers material are aligned with the United Nations Sustainable Development Goals (UN SDGs). These topics can reasonably be considered important for reflecting BW LPG’s economic, environmental, and social impacts, or influencing the decisions of stakeholders. In 2017, BW LPG structured its Sustainability Report loosely along the principles provided by the Global Reporting Initiative (GRI). A material assessment was conducted and seven topics of materiality were highlighted, which were aligned with seven UN SDGs.
Materiality is a critical input into this Sustainability Report as it ensures we provide our stakeholders with the sustainability information most relevant to them and our business. Material topics are those that can reasonably be considered important for reflecting BW LPG’s economic, environmental, and social impacts, or influencing the decisions of stakeholders. Materiality can also be determined by international standards and agreements, broader societal expectations, and by our influence on upstream entities, such as suppliers, or downstream entities, such as customers. The following are the topics of materiality that BW LPG has prioritised for inclusion in the 2018 Sustainability Report, using the materiality principle. The materiality principle identifies material topics based on the following two dimensions, i) the significance of BW LPG’s economic, environmental, and social impacts; and ii) their substantive influence on the assessments and decisions of our stakeholders.
Ensure continued company-wide emphasis to deliver great solutions to our customers with Zero Harm, and continued guarding against piracy.
With business decisions, we help push efforts to build better infrastructure and promote inclusive and sustainable industrialisation.
Foster workforce diversity, including at leadership levels.
Through innovation such as dual-fuel propulsion engines, we ensure that we play our part in reducing our environmental footprint.
Increase our advocacy of LPG as an affordable and clean energy.
We highlight renewed efforts at stamping out bribery in the industry, through company-wide initiatives, and through participation in industry bodies.
This year, the Report provides updates on our commitment towards seven UNSDGs. We continue to improve on gender representation especially in leadership roles. We organised a Zero Harm art competition to involve family members in the discussion of safety onboard and on shore. On the important matter of governance, we show our strong support towards the industry’s effort to stamp out bribery, especially facilitation payments. The crew onboard BW Frigg demonstrated how training and good teamwork can be a strong tool against piracy. Our emphasis on LPG as an affordable and clean energy is renewed with our CEO Martin Ackermann assuming a board membership at the World LPG Association.
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