BW LPG
Embedding ESG without compromise For Ricardo, environmental, social and governance( ESG) considerations are not about box-ticking. In fact, he personally developed BW LPG’ s supplier code of conduct, making it integral to all contracts and purchase orders.
“ ESG is in my blood,” he states.“ I don’ t sugarcoat things, but I also don’ t do window dressing.”
Any supplier committing to work with BW LPG must also commit to these ESG standards. In 2023, the company partnered with Achilles, placing its top 100 suppliers on the compliance platform. Suppliers must answer hundreds of questions covering governance, CO2 emissions and financial health.
Currently, BW LPG is in an awareness phase, allowing suppliers to understand expectations, but Ricardo says the approach will evolve:“ It’ s okay to have a bad score and we ask questions, but moving towards 2030, we will change that.”
This year, the business will establish a baseline for supplier CO2 emissions based on spend, anchoring a reduction plan running through 2030.
Ricardo is direct with suppliers: acting now provides competitive advantage, but delaying means eventual obsolescence. He draws parallels with ISO certification’ s early days, when resistant suppliers eventually disappeared.
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