Wärtsilä has a key role in providing sustainable solutions for the shipping and energy sectors. We support our solutions globally during their entire life cycle. This creates the basis for our sustainability work, which is supported by our commitment to responsible business conduct.
Wärtsilä’s sustainable development is based on three closely interrelated pillars: economic, environmental and social performance. In the field of sustainable development, Wärtsilä's overriding focus is on the following:
- Economic: profitability
- Environment: environmentally sound products and services
- Social: responsible business conduct
Economic responsibility involves meeting the expectations of shareholders and contributing towards the well-being of local societies and other stakeholders. This requires the company’s operations to be profitable and competitive. Good economic performance also establishes a foundation for other aspects of sustainability, environmental and social responsibility.
The environment is the key element in Wärtsilä's approach to sustainability. Our objective is to continuously improve the environmental performance of our products and services, as well as to maintain technological leadership by utilising new technologies and collaborating with our customers and other stakeholder groups. In doing this, we help our customers and society at large to meet the goals of the tightening global environmental regulations and guidelines. This work is supported by operational measures, which are based on achieving high environmental standards and continuous improvement.
Wärtsilä acts as a good corporate citizen wherever we are active. Our business operations and relations with our stakeholders are governed by our Code of Conduct. Wärtsilä's corporate policy on equal opportunities and fair employment practices creates a common framework for employee practices in all Wärtsilä companies. A further aim is to offer a hazard-free working environment to our employees and contractors and to minimize the health and safety risks associated with the use of our products and services.
Wärtsilä’s key product performance targets are currently related to providing solutions for sustainable shipping and smart power generation. Wärtsilä’s key operational sustainability targets are currently related to the improvement of energy efficiency and zero injuries.
For more information on Wärtsilä’s approach to sustainability please visit our global Sustainability pages.
For the latest information on Wärtsilä’s Sustainable development please see the relevant sections in the Wärtsilä Annual Report 2017.