BW Group Ltd.

Climate Impact & Sustainability Data (2023)

Reduced CO2 emissions by 5.4% in the LNG fleet from 2022 to 2023 due to a more energy-efficient fleet and focus on technical and operational excellence.
Reduced SOx emissions by 10% across BW LNG and BW Dry Cargo fleets due to reduced use of Marine Gasoil (MGO) and Very Low Sulphur Fuel Oil (VLSFO).
Improved Annual Efficiency Ratio (AER) by 10.7% and Energy Efficiency Operational Index (EEOI) by 1.3% in 2023 compared to 2022.
17 vessels in BW LPG’s fleet now have LPG dual-fuel propulsion technology, reducing carbon emissions by approximately 27,000 MT or 15% compared to conventional fuel.

Launched the Safer Together campaign focusing on teamwork, care for people, risk management, and error prevention.
Recognized as one of Forbes World’s Best Employers in 2023.
95% of employees recommend BW as a good place to work (2023 engagement survey).
Rolled out a pilot program, Respect and Belonging at Sea, to improve the work environment for underrepresented groups.

Commitment to meeting its responsibility to respect human rights and decent working conditions throughout its business operations and supply chain.
Full compliance with the Norwegian Transparency Act (NTA).
Active participation in multiple industry associations working on climate change initiatives and anti-corruption.

Long-term Goals:

Meet the IMO’s environmental goal of a 50% reduction in total annual GHG emissions by 2050 (compared to 2008 levels).

Medium-term Goals:

Meet the IMO’s environmental goal of a 40% reduction in carbon intensity by 2030.

Investing in voyage and boil-off gas optimization software (BW LNG) to reduce emissions.
Exploring Generative AI and Large Language Models for operational improvements (BW LNG).