Dorian LPG Ltd. (LPG)

Criticisms on file

No material criticisms on file for this pillar.

Disclosed initiatives

• ECO-Design Vessel Fleet

  Operates 18 fuel-efficient 84,000 cbm ECO-design VLGCs with very low revolutions per minute engines, long-stroke electronically controlled engines, larger propellers, advanced hull design, and low-friction paint to reduce greenhouse gas emissions on a ton-mile basis.

  Enhanced energy efficiency and reduced GHG emissions per ton-mile compared to conventional vessels.
• Scrubber Installation

  Fitted 16 owned/technically managed vessels and one chartered-in vessel with scrubbers to comply with IMO 2020 0.5% sulfur oxide emissions limit (effective January 2020).

  Enables use of higher-sulfur bunker fuel, reducing fuel costs while maintaining compliance; reduces sulfur oxide emissions.
• Getting to Zero Coalition Membership

  Joined global alliance of 140+ companies committed to decarbonization of deep-sea shipping in line with IMO greenhouse gas emissions reduction strategy.

  Signals commitment to industry-wide decarbonization; provides framework for future zero-emission vessel adoption.
• Energy Efficiency Monitoring & Optimization

  Implemented internal and third-party data collection and analysis software to gather performance data from vessels for fuel consumption, CO2, and GHG emissions reduction.

  Enables real-time performance optimization and emissions tracking; supports data-driven operational efficiency improvements.
• IMO EEXI & CII Compliance

  Successfully complied with IMO Energy Efficiency Existing Ship Index (EEXI) and Carbon Intensity Indicator (CII) requirements in 2023.

  Demonstrates adherence to international maritime environmental standards; establishes baseline for future emissions reduction mandates.
• Sustainability-Linked Debt Facility

  Included sustainability-linked pricing mechanism in 2023 A&R Debt Facility; provides carbon emissions data for owned/technically managed vessels to lenders under Poseidon Principles framework.

  Links financing costs to emissions performance; incentivizes continued emissions monitoring and reduction.
• Mærsk McKinney Møller Center Partnership

  Became Mission Ambassador in strategic partnership with Mærsk McKinney Møller Center for Zero Carbon Shipping (Copenhagen) starting January 2023.

  Participation in accelerated net-zero shipping research and technology development initiatives.
• MIT Maritime Consortium Membership

  Founding member of MIT Maritime Consortium focused on solving decarbonization challenges and developing innovative technologies for shipping.

  Access to cutting-edge research and technology development for vessel decarbonization.
• Dual-Fuel Vessel Deployment

  Operating one dual-fuel ECO VLGC/AC and one dual-fuel ECO VLGC; four time-chartered dual-fuel Panamax-size VLGCs also deployed. New dual-fuel VLGC/AC (Areion) delivered March 2026.

  Enables future transition to alternative fuels (e.g., ammonia, methanol); reduces operational emissions when zero-carbon fuels become available.

Criticisms on file

No material criticisms on file for this pillar.

Disclosed initiatives

• All-Aboard Alliance Membership

  Founding member of All-Aboard Alliance, global maritime industry initiative committed to sustainable, progressive, and innovative maritime industry both at sea and onshore.

  Signals commitment to industry-wide diversity, equity, and inclusion in maritime sector.
• Diversity@Sea Pilot Program

  Participated in track two of All-Aboard Alliance Diversity@Sea initiative; implemented measures including minimum number of women onboard, continuous available Wi-Fi for crew, and inclusive personal protective equipment for all seaborne staff.

  Improves crew satisfaction and retention; makes shipboard employment more accessible and attractive to diverse seafarers.
• Competitive Compensation & Benefits

  Provides competitive salaries, annual bonuses, stock-based compensation awards, company-sponsored retirement savings with employer matching, healthcare, insurance, paid time off, family leave, and employee assistance programs.

  Supports financial security and wellbeing of shore-based and seafaring staff.
• Learning & Development Programs

  Offers formal and informal training; reimburses costs for advanced education, workshops, conferences, certifications, and professional development.

  Enables career progression and skills development for employees.
• Crew Change & Wellbeing Support

  Signatory to Neptune Declaration on Seafarer Wellbeing and Crew Change; provided safe accommodation outside Ukraine and Russia for Ukrainian and Russian seafarers during 2022 conflict.

  Addresses unprecedented crew change crisis and supports vulnerable seafarers during geopolitical instability.
• Safety Management System

  Established risk management and internal control policies; compliance programs to meet or exceed international maritime standards (ISM Code, SOLAS, STCW).

  Ensures safety of crew, environment, and public; supports health and wellbeing of maritime personnel.

Criticisms on file

No material criticisms on file for this pillar.

Disclosed initiatives

• Board Oversight of ESG

  Sustainability and corporate responsibility strategies, risks, and initiatives overseen by Board of Directors. Nominating and Corporate Governance Committee monitors progress of ESG efforts and ensures integrity of reporting alongside management.

  Establishes board-level accountability for environmental, social, and governance performance.
• Risk Management & Compliance Programs

  Established risk management and internal control policies and systems to manage risk and ensure compliance with all applicable international and local maritime laws.

  Mitigates operational and regulatory risks; supports consistent compliance with evolving maritime standards.
• SIRE & USCG Inspections

  Conducts regular inspections of ships under Ship Inspection Report Programme (SIRE) and United States Coast Guard (USCG) requirements, both at sea and in port.

  Ensures vessel safety, maintenance, and crew welfare compliance; documents improvements to overall vessel condition.
• Classification Society Certification

  All vessels classed with Lloyd's Register, American Bureau of Shipping (ABS), or Det Norske Veritas (DNV), members of International Association of Classification Societies (IACS). All vessels hold ISM certification.

  Demonstrates adherence to international maritime safety and quality standards; supports vessel insurability and operational credibility.
• Disclosure Aligned with SASB & TCFD

  Corporate Responsibility Report disclosed on company website, aligned with Sustainability Accounting Standards Board (SASB) Marine Transportation standard and Taskforce on Climate-Related Financial Disclosures (TCFD) recommendations.

  Enhances transparency and comparability of ESG performance against industry standards and investor frameworks.