Fuelling Economic Enhancement
Economic performance is defined as our most material aspect because, like most companies, our economic success ensures our long-term viability and enables the execution of our sustainability strategies. Our primary role in society is to deliver clean energy to where it is needed, safely, efficiently and reliably. We have a solid track record in producing strong financial results even against a difficult market, maintaining a solid balance sheet, sustaining high credit ratings and distributing dividends.
Our business contributes to sustainability by delivering clean energy in an environmentally challenged world. 50 million tonnes of new LPG are expected to be added to global production over the next 10 years. This reflects the fundamentally positive picture for LPG as a global fuel and for LPG shipping. We report on the financial performance of BW LPG in other sections of this Annual Report.
BW LPG is committed to being the world’s leading provider of maritime energy transportation services. To that end, we strive to achieve superior financial results and we adhere to safe operating standards while simultaneously adopting high ethical principles. Our anti-bribery policy guides our interactions with suppliers, customers, members of the industry and other stakeholders at all levels of the organisation.
BW LPG is also a member of the Maritime AntiCorruption Network (MACN), a global business network working towards the vision of a maritime industry free of corruption that enables fair trade to the benefit of society at large. MACN and its members promote good corporate practice in the maritime industry for tackling bribes, facilitation payments and other forms of corruption. MACN collaborates with key stakeholders, including governments and international organizations, such as the United Nations Development Programme (UNDP), to identify and mitigate the root causes of corruption in the maritime industry.