Wärtsilä’s approach to decarbonisation is to explore future fuel opportunities and methods to improve the efficiency of shipping through digitalisation – while also offering solutions that immediately increase the fuel flexibility and fuel efficiency of vessels. We can do this through engine upgrades and vessel retrofits, along with digital solutions based on connectivity that improve vessel efficiency. These measures also help our customers to comply with frameworks like the Poseidon Principles and Sea Cargo Charter to ensure continued access to finance and cargo.
The Poseidon Principles were developed in recognition financial institutions’ role in promoting responsible environmental stewardship throughout the maritime value chain. They are an initiative unique to ship finance and bridge climate change commitments set out by the International Maritime Organization (IMO) as well as the expanding environmental expectations of financial institutions.
The Sea Cargo Charter is a global framework for assessing and disclosing the climate alignment of chartering activities. It establishes a common, global baseline to quantitatively assess and disclose whether chartering activities are in line with adopted climate goals. Thus, it also serves as an important tool to support responsible decision-making.
Wärtsilä is a member of the Getting to Zero Coalition. The Getting to Zero Coalition is an industry-led platform for collaboration that brings together leading stakeholders from across the maritime and fuels value chains with the financial sector and other committed to making commercially viable zero emission vessels a scalable reality by 2030. The Getting to Zero Coalition is a partnership between the Global Maritime Forum, the Friends of Ocean Action, and the World Economic Forum.