1. Why is sustainability important for Wärtsilä?
Sustainability is one of the cornerstones of all Wärtsilä’s business operations. Wärtsilä aims at profitable growth by providing advanced technologies and lifecycle solutions to its marine and energy market customers. Increasing environmental awareness and changing energy needs are affecting the way that our customers operate. With our integrated products and services, we are well positioned to respond to the need for energy efficient and flexible solutions. Wärtsilä’s commitment to sustainability and responsible business conduct is based on our mission, vision, and strategy, which along with our sustainable development objectives create the framework for developing the company's activities and products. Our strength is our technological leadership and, therefore, technology plays a central role in our sustainability work. Wärtsilä Energy and Wärtsilä Marine businesses focus on developing and providing sustainable solutions for the industries in which they operate. Wärtsilä's service activities have a key role in supporting our solutions and providing the latest technologies for existing installations through upgrades and modernisation packages.
2. How important is health and safety to Wärtsilä?
Occupational health and safety is one of our central values in Wärtsilä. Our occupational health and safety principles are defined in the Code of Conduct, the company's QEHS policy, and in the directive on environment, health, and safety (EHS). Wärtsilä's subsidiaries are required to have a management system in place that conforms to the QEHS policy and the EHS directive. The main aspects of the management system relate to compliance with legislation, identifying and minimising occupational health and safety risks, personnel training, implementing effective health and safety programmes and instructions, recording and investigating occurred incidents, and the continual improvement of occupational health and safety performance. The indicators used to measure occupational health and safety performance include the number of accidents, the time of absence due to sickness, and the frequency of accidents. Wärtsilä has set a corporate level target of achieving zero lost time injuries. In 2019, Wärtsilä reached a lost time injury frequency of 2.25/million working hours.
3. Does Wärtsilä have a Code of Conduct?
Yes. Our values and Code of Conduct define who we are in dealing with our business partners, owners, financiers, and other stakeholders. Supported by our policies, the Code of Conduct sets common principles and rules with which each Wärtsilä employee must comply in order to ensure responsible business practices in all our operations. Key areas of Wärtsilä Code of Conduct include: compliance with laws, transparency and continuous stakeholder dialogue, respect for human and labour rights, respect for environment, fair employment practices, anti-corruption, anti-fraud, and data privacy. Please see the Code of Conduct here.
4. How does Wärtsilä ensure sustainability in its supply chain management?
Wärtsilä has clear expectations towards its suppliers in terms of compliance with relevant legislation, environmental, occupational health and safety, quality management, and social performance, and strives to ensure that these expectations are met. Wärtsilä's supplier requirements address both general features and issues relating to quality, product-specific requirements, environmental management, occupational health and safety, social responsibility, and legal compliance. These requirements are included in standard supply contracts. Wärtsilä assesses and manages its key suppliers through its Supplier Management System. Wärtsilä regularly conducts supplier evaluations. These are divided into three categories: pre-assessment, auditing, and performance review. As part of the supplier evaluation, Wärtsilä conducts a rating based upon Wärtsilä's supplier requirements. This rating is a result of assessment of various information sources, such as pre-qualification questionnaires, dialogue with suppliers, and/or conducted audits. Based on this rating, the suppliers can be approved, approved with limitations or remarks, or banned. Wärtsilä develops its supply management system on regular basis.
5. Is Wärtsilä included in sustainability indices?
Wärtsilä is included in Dow Jones Sustainability Indices, FTSE4Good Index, Ethibel Sustainability Index (ESI) Excellence Europe, ECPI Global Carbon Equity Index, ECPI Global ESG Best in Class Equity Index, MSCI Global Sustainability Index Series, OMX GES Sustainability Finland Index, STOXX Global ESG Leaders Index, and S&P Europe 350 ESG Index. Wärtsilä is also included in the Sustainability Yearbook by S&P Global.
6. Does Wärtsilä publish a sustainability report?
Yes, annually, as a part of the corporate annual report.