A materiality assessment triangulated from three different data sources
In 2020, BW LPG engaged an independent third-party consultant to review our materiality assessment process to ensure that we are focusing our efforts on the most significant sustainability topics relevant to our business and industry. The diagram below illustrates our approach and stakeholder outreach.
Identification of key ESG issues facing the maritime industry.
A peer benchmarking exercise was conducted across industry peers, investors, lenders and ESG rating agencies to determine a list of key relevant ESG topics.
Online surveys were distributed to internal and external stakeholder to gather their inputs on what ESG topics matter most to them.
The stakeholders included: