Climate Change Data

BW LPG

Climate Impact & Sustainability Data (2020, 2022, 2023)

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:1,422.5 tCO2e (2020)
Renewable Energy Share:0%
Total Energy Consumption:18,479.2 TJ (2020)
Waste Generated:941.3 m3 (2020)
Carbon Intensity:17.1 gCO2/tonne-nautical mile (EEOI, 2020)

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • Retrofitted four VLGCs with LPG dual-fuel propulsion engines, reducing greenhouse gas emissions by approximately 20% compared to compliant fuels and fuel consumption by 10% on BW Gemini.
  • Reduced fuel consumption across the fleet, resulting in reduced GHG emissions.

Social Achievements

  • Implemented the BW Wellness Program, providing emotional support and mental health resources for crew.
  • Provided PPE and introduced new safety procedures for COVID-19 precautions.
  • Sponsored 1600 LPG cylinders to low-income families in Singapore.
  • Supported healthcare workers and migrant workers through various initiatives.

Governance Achievements

  • 100% of audited suppliers (40% of procurement spending) met the requirements in the Supplier Code of Ethics and Business Conduct.
  • Zero facilitation payments and zero non-compliance with the UK Bribery Act 2010.
  • Launched an e-survey to commemorate UN Anti-Corruption Day.

Climate Goals & Targets

Long-term Goals:
  • Net-zero carbon emissions from vessels.
Medium-term Goals:
  • Retrofit three remaining VLGCs in 2022.
  • Achieve net-zero emissions during the lifetime of all newbuildings by 2030.
Short-term Goals:
  • Retrofit eight more VLGCs with LPG dual-fuel propulsion engines in 2021.

Environmental Challenges

  • COVID-19 pandemic impacting operations, crew changes, and port access.
  • Supply chain disruptions.
Mitigation Strategies
  • Implemented safety measures, provided PPE, and established an emotional helpline for crew.
  • Actively engaged with crew and provided daily updates.
  • Conducted approximately 2,000 crew changes despite challenges.
  • Compensated seafarers for contract overruns.

Supply Chain Management

Supplier Audits: 22 suppliers (40% of procurement spending) audited in 2020.

Responsible Procurement
  • Supplier Code of Ethics and Business Conduct
  • Updated SCEBC to mandate respect for human rights and endorsement of UN Global Compact and OECD guidelines.

Climate-Related Risks & Opportunities

Opportunities
  • Development of energy-efficient products and services.

Reporting Standards

Frameworks Used: GRI, UN SDGs, SASB

Certifications: ISO 14001

UN Sustainable Development Goals

  • Goal 7 (Affordable and Clean Energy)
  • Goal 8 (Decent Work and Economic Growth)
  • Goal 13 (Climate Action)
  • Goal 14 (Life Below Water)
  • Goal 15 (Life On Land)
  • Goal 16 (Peace, Justice and Strong Institutions)

BW LPG's initiatives contribute to these goals through cleaner energy transportation, responsible business practices, and community engagement.

Sustainable Products & Innovation

  • LPG dual-fuel propulsion technology

Reporting Period: 2022

Environmental Metrics

ESG Focus Areas

  • Environment
  • Social
  • Governance

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Period: 2023

Environmental Metrics

ESG Focus Areas

  • Greenhouse Gas Emissions
  • Air Quality
  • Ecological Impacts
  • Employee Health and Safety
  • Business Ethics
  • Climate Change

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASB, GRI