Wärtsilä Corporation Annual report 2014

GRI and UNGC index

GENERAL STANDARD DISCLOSURES

STRATEGY AND ANALYSIS
         
GRI content Links Remarks External assurance UNGC
G4-1 CEO’s statement CEO review    icon-gri-black-dot.png icon-gri-black-dot.png  
G4-2 Key impacts, risks and opportunities Risks and risk management
Corporate strategy
Our targets
Power Plants and sustainability
Ship Power and sustainability
Services and sustainability
The value of sustainable innovation
See also business strategy sections  icon-gri-black-dot.png

icon-gri-black-dot.png 

          
ORGANIZATIONAL PROFILE
          
GRI Content Links  Remarks External assurance UNGC
G4-3 Name of the Organization This is Wärtsilä    icon-gri-black-dot.png  icon-gri-black-dot.png
G4-4 Primary Brands, Products and Services This is Wärtsilä
Power Plants
Ship Power
Services
   icon-gri-black-dot.png  icon-gri-black-dot.png
G4-5 Location of the Organization’s Headquarters Shares and shareholders Helsinki, Finland  icon-gri-black-dot.png icon-gri-black-dot.png 
G4-6 Number of Countries where the Organization Operates This is Wärtsilä
Notes to the Consolidated financial statements
www.wartsila.com  icon-gri-black-dot.png  icon-gri-black-dot.png
G4-7 Nature of Ownership and Legal Form Shares and shareholders    icon-gri-black-dot.png icon-gri-black-dot.png 
G4-8 Market areas This is Wärtsilä
Operating environment
   icon-gri-black-dot.png icon-gri-black-dot.png 
G4-9 Scale of the Organization This is Wärtsilä
Shareholders
Operating environment
   icon-gri-black-dot.png  icon-gri-black-dot.png
G4-10 Total Number of Employees by Employment Contract, Employment Type, Region and Gender Social    icon-gri-black-dot.png  icon-gri-black-dot.png
G4-11 Percentage of Total Employees Covered by Collective Bargaining Agreements Responsible business conduct 55% of Wärtsilä employees were covered by collective bargaining agreements in 2014.  icon-gri-black-dot.png icon-gri-black-dot.png 
G4-12 Organization’s Supply Chain Supply chain management    icon-gri-black-dot.png icon-gri-black-dot.png 
G4-13 Significant Changes during the Reporting Period Regarding the Organization’s Size, Structure, Ownership, or its Supply Chain Structural changes
Board of Directors' report
   icon-gri-black-dot.png  icon-gri-black-dot.png
G4-14 Whether and How the Precautionary Approach or Principle is Addressed by the Organization Product design principles
Risks and risk management
Research and development focus
   icon-gri-black-dot.png  
G4-15 Externally Developed Economic, Environmental and Social Charters, Principles, or Other Initiatives to Which the Organization Subscribes or Which It Endorses Guiding principles    icon-gri-black-dot.png  
G4-16 Memberships of Associations and National or International Advocacy Organizations Stakeholder relations    icon-gri-black-dot.png  
          
IDENTIFIED MATERIAL ASPECTS AND BOUNDARIES
          
 GRI Content  Links  Remards  External assurance UNGC
G4-17 Entities Included in the Organization’s Consolidated Financial Statements Materiality assessment    icon-gri-black-dot.png  
G4-18 Process for Defining the Report Content Materiality assessment    icon-gri-black-dot.png  
G4-19 Material Aspects Materiality assessment    icon-gri-black-dot.png  
G4-20 List of Entities or Groups of Entities Within the Organization for Which the Aspects Are Material Materiality assessment    icon-gri-black-dot.png  
G4-21 List of Entities or Groups of Entities Outside of the Organization for Which the Aspects Are Material Materiality assessment    icon-gri-black-dot.png  
G4-22 Effect of any Restatements of Information Provided in Previous Reports, and the Reasons for Such Restatements Materiality assessment    icon-gri-black-dot.png  
G4-23 Significant Changes from Previous Reporting Periods in the Scope and Aspect Boundaries Materiality assessment    icon-gri-black-dot.png  
         
STAKEHOLDER ENGAGEMENT
         
GRI Content Links Remarks External assurance UNGC
G4-24 List of Stakeholder Groups Engaged by the Organization Stakeholder relations    icon-gri-black-dot.png icon-gri-black-dot.png
G4-25 Basis for Identification and Selection of Stakeholders with whom to Engage Stakeholder relations    icon-gri-black-dot.png icon-gri-black-dot.png
G4-26 Organization’s Approach to Stakeholder Engagement Stakeholder relations    icon-gri-black-dot.png icon-gri-black-dot.png
G4-27 Key Topics and Concerns that Have Been Raised through Stakeholder Engagement Stakeholder relations    icon-gri-black-dot.png icon-gri-black-dot.png
         
REPORT PROFILE
         
GRI Content Links Remarks External assurance UNGC
G4-28 Reporting Period Report profile    icon-gri-black-dot.png icon-gri-black-dot.png
G4-29 Date of Most Recent Previous Report Report profile    icon-gri-black-dot.png icon-gri-black-dot.png
G4-30 Reporting Cycle Report profile    icon-gri-black-dot.png icon-gri-black-dot.png
G4-31 Contact Point for Questions Regarding the Report or its Contents Report profile    icon-gri-black-dot.png icon-gri-black-dot.png
G4-32 GRI "in accordance" option Materiality assessment    icon-gri-black-dot.png icon-gri-black-dot.png
G4-33 Policy and Current Practice with Regard to Seeking External Assurance Independent assurance report    icon-gri-black-dot.png icon-gri-black-dot.png
         
GOVERNANCE
         
GRI Content Links Remarks External assurance UNGC
G4-34 Governance Structure, Including Committees Corporate Governance
Board of Directors
   icon-gri-black-dot.png icon-gri-black-dot.png
G4-35 Division of responsibilities Corporate Governance
Board of Directors
   icon-gri-black-dot.png icon-gri-black-dot.png
G4-36 Positions with Responsibility Board of Management    icon-gri-black-dot.png icon-gri-black-dot.png
G4-37 Processes for Consultation with Stakeholders Annual General Meeting
Internal Control
   icon-gri-black-dot.png  icon-gri-black-dot.png 
G4-38 Members of the Board of Directors Board of Directors    icon-gri-black-dot.png icon-gri-black-dot.png
4-39 Status of the Chair of the Highest Governance Body Board of Directors    icon-gri-black-dot.png icon-gri-black-dot.png
G4-40 Election of the Board of Directors Annual General Meeting
Board of Directors
The nomination committee proposes new board members. The committee consults major shareholders, and in their proposals they take into account the specific needs of the Board, including sustainability competencies and diversity.  icon-gri-black-dot.png icon-gri-black-dot.png
G4-41 Processes to Ensure Conflicts of Interest are Avoided and Managed Board of Directors
Insider management
Shareholders
   icon-gri-black-dot.png icon-gri-black-dot.png
G4-42 Highest Governance Body’s Role in Setting Purpose, Values, and Strategy Board of Directors
Internal Control
   icon-gri-black-dot.png icon-gri-black-dot.png
G4-43 Highest Governance Body’s Collective Knowledge Internal Control
Board of Management
   icon-gri-black-dot.png icon-gri-black-dot.png
G4-44 Evaluation of the Highest Governance Body’s Performance Board of Directors The evaluation is of general nature, but also includes sustainability issues if such concerns arise. The evaluation partly affects the membership changes within the Board.  icon-gri-black-dot.png icon-gri-black-dot.png
G4-45 Highest Governance Body’s Role in the Identification and Management of Risk Board of Directors
Risks and risk management
   icon-gri-black-dot.png icon-gri-black-dot.png
G4-46 Highest Governance Body’s Role in Reviewing the Effectiveness of the Organization’s Risk Management Board of Directors    icon-gri-black-dot.png icon-gri-black-dot.png
G4-47 Frequency of Risk Reviews Board of Directors
Board committees
Internal Control
12 meetings in 2014.  icon-gri-black-dot.png icon-gri-black-dot.png
G4-48 Highest Committee or Position that Formally Reviews and Approves the Organization’s Sustainability Report Report profile    icon-gri-black-dot.png icon-gri-black-dot.png
G4-49 Process for Communicating Critical Concerns Internal Control    icon-gri-black-dot.png icon-gri-black-dot.png
G4-50 Nature and Total Number of Critical Concerns that Were Communicated   This information is not publicly disclosed.  icon-gri-black-dot.png  
G4-51 Remuneration Policies for the Highest Governance Body and Senior Executives Salary and remuneration report 2014    icon-gri-black-dot.png icon-gri-black-dot.png
G4-52 Process for determining remuneration Board committees
Employee practices
   icon-gri-black-dot.png icon-gri-black-dot.png
G4-53 Stakeholders’ views on remunaration Salary and remuneration report 2014    icon-gri-black-dot.png icon-gri-black-dot.png
G4-54 Ratio of the Annual Total Compensation for the Organization’s Highest-Paid Individual and the Median for All Employees   This information is not publicly disclosed.  icon-gri-black-dot.png   
G4-55 Percentage Increase in Total Compensation for the Organization’s Highest-Paid Individual and the Median for All Employees   This information is not publicly disclosed.  icon-gri-black-dot.png   
         
ETHICS AND INTEGRITY
         
GRI Content Links Remarks External assurance UNGC
G4-56 Ethics and Integrity Corporate strategy
Guiding principles
  icon-gri-black-dot.png icon-gri-black-dot.png
G4-57 Mechanisms for Seeking Advice on Ethical and Lawful Behaviour Code of Conduct
Compliance
  icon-gri-black-dot.png icon-gri-black-dot.png
G4-58 Mechanisms for Reporting Concerns about Unethical or Unlawful Behaviour Code of Conduct
Compliance
  icon-gri-black-dot.png icon-gri-black-dot.png

 

 

SPECIFIC STANDARD DISCLOSURES

DMA and Indicators

CATEGORY: ECONOMIC
           
GRI content Links Remarks External assurance UNGC Material aspect indicators
G4-Generic Disclosures on Management Approach (DMA) Management approach www.wartsila.com/sustainability icon-gri-black-dot.png icon-gri-black-dot.png icon-gri-black-dot.png
Material aspect: ECONOMIC PERFORMANCE
G4-EC1 Direct economic value generated and distributed Economic performance   icon-gri-black-dot.png   icon-gri-black-dot.png
G4-EC2 Financial implications and other risks and opportunities due to climate change Economic performance   icon-gri-black-dot.png   icon-gri-black-dot.png
G4-EC3 Coverage of defined benefit plan obligations Economic performance   icon-gri-black-dot.png   icon-gri-black-dot.png
G4-EC4 Financial assistance received from governments Economic performance   icon-gri-black-dot.png   icon-gri-black-dot.png
MARKET PRESENCE
G4-EC5 Ratios of standard entry level wage by gender compared to local minimum wage at significant locations of operation Market presence Partly reported icon-gri-black-dot.png icon-gri-black-dot.png  
G4-EC6 Proportion of senior management hired from the local community at significant locations of operation Market presence   icon-gri-black-dot.png icon-gri-black-dot.png  
            
CATEGORY: ENVIRONMENTAL
            
GRI Content Links Remarks External assurance UNGC Material aspect indicators
MATERIALS
G4-EN1 Materials used by weight Materials   icon-gri-black-dot.png icon-gri-black-dot.png  
G4-EN2 Percentage of materials that are recycled input materials Materials Partly reported. The recycled material input of metals varies between 20% and 95%, depending on the type of furnace and foundry used by the metal recycling companies in the supply chain, of which there are too many to state an exact percentage. icon-gri-black-dot.png icon-gri-black-dot.png  
ENERGY
G4-EN3 Energy consumption within the organization Energy   icon-gri-black-dot.png icon-gri-black-dot.png  
G4-EN5 Energy intensity Energy   icon-gri-black-dot.png icon-gri-black-dot.png  
G4-EN6 Reduction of energy consumption Energy   icon-gri-black-dot.png icon-gri-black-dot.png  
WATER
G4-EN8 Total water withdrawal by source Water   icon-gri-black-dot.png icon-gri-black-dot.png  
G4-EN9 Water sources significantly affected by withdrawal of water Water   icon-gri-black-dot.png icon-gri-black-dot.png  
G4-EN10 Percentage and total volume of water recycled and reused Water   icon-gri-black-dot.png icon-gri-black-dot.png  
EMISSIONS
G4-EN15 Direct greenhouse gas emissions (scope 1) Emissions   icon-gri-black-dot.png icon-gri-black-dot.png  
G4-EN16 Indirect greenhouse gas emissions (scope 2) Emissions   icon-gri-black-dot.png icon-gri-black-dot.png  
G4-EN17 Other indirect greenhouse gas emissions (scope 3) Emissions   icon-gri-black-dot.png icon-gri-black-dot.png  
G4-EN18 Greenhouse gas emissions intensity Emissions   icon-gri-black-dot.png icon-gri-black-dot.png  
G4-EN19 Reduction of greenhouse gas emissions Emissions It is not possible to state the exact amount of GHG emission reductions achieved from the reduced travelling, because such a figure would be purely hypothetical. icon-gri-black-dot.png icon-gri-black-dot.png  
G4-EN21 Nitrogen oxide (NOx), Sulphur oxide (SOx) and other significant air emissions Emissions   icon-gri-black-dot.png icon-gri-black-dot.png  
EFFLUENTS AND WASTE
G4-EN22 Total water discharge by quality and destination Effluents and waste   icon-gri-black-dot.png icon-gri-black-dot.png  
G4-EN23 Total weight of waste by type and disposal method Effluents and waste   icon-gri-black-dot.png icon-gri-black-dot.png    
G4-EN24 Total number and volume of significant spills Compliance   icon-gri-black-dot.png icon-gri-black-dot.png    
Material aspect: PRODUCTS AND SERVICES
G4-EN27 Extent of impact mitigation of environmental impacts of products and services Products and services  www.wartsila.com/sustainability icon-gri-black-dot.png icon-gri-black-dot.png icon-gri-black-dot.png
G4-EN28 Percentage of reclaimed products and their packaging materials for each product category   Not suitable for Wärtsilä. icon-gri-black-dot.png icon-gri-black-dot.png icon-gri-black-dot.png 
Material aspect: COMPLIANCE
G4-EN29 Significant fines and sanctions for non-compliance with environmental regulations Compliance   icon-gri-black-dot.png icon-gri-black-dot.png icon-gri-black-dot.png 
OVERALL
G4-EN31 Total environmental protection expenditures and investments Expenditures   icon-gri-black-dot.png icon-gri-black-dot.png    
ENVIRONMENTAL GRIEVANCE MECHANISMS
G4-EN34 Number of grievances about environmental impacts filed, addressed, and resolved through formal grievance mechanisms Compliance   icon-gri-black-dot.png icon-gri-black-dot.png    
             
CATEGORY: SOCIAL
            
GRI Content  Links  Remards External assurance UNGC Material aspect indicators
SUB-CATEGORY: LABOR PRACTICES AND DECENT WORK
EMPLOYMENT
G4-LA1 Total number and rates of new employee hires and employee turnover by age group, gender and region Employment    icon-gri-black-dot.png icon-gri-black-dot.png  
G4-LA2 Benefits provided to full-time employees that are not provided to temporary or part-time employees, by significant locations of operation Employment   icon-gri-black-dot.png    
LABOUR/ MANAGEMENT RELATIONS
G4-LA4 Minimum notice periods regarding operational changes, including whether these are specified in collective agreements Labor/Management Relations   icon-gri-black-dot.png icon-gri-black-dot.png  
Material aspect: OCCUPATIONAL HEALTH AND SAFETY
G4-LA5 Percentage of total workforce represented in formal joint management–worker health and safety committees Occupational health and safety   icon-gri-black-dot.png icon-gri-black-dot.png icon-gri-black-dot.png
G4-LA6 Type of injury and rates of injury, occupational diseases, lost days, and absenteeism, and total number of work-related ­fatalities, by region and by gender Occupational health and safety Partly reported. More detailed breakdown will be reported in 2015, by utilising the new global incident management system implemented in 2014. icon-gri-black-dot.png icon-gri-black-dot.png icon-gri-black-dot.png
G4-LA7 Workers with high incidence or high risk of diseases related to their occupation Occupational health and safety   icon-gri-black-dot.png icon-gri-black-dot.png icon-gri-black-dot.png
G4-LA8 Health and safety topics covered in formal agreements with trade unions Responsible business conduct In some cases local collective bargaining agreements also cover OHS issues. At the moment detailed information is unavailable. We will investigate the matter in 2015. icon-gri-black-dot.png icon-gri-black-dot.png icon-gri-black-dot.png
Material aspect: TRAINING AND EDUCATION
G4-LA9 Average hours of training per year per employee by gender, and by employee category Training and education   icon-gri-black-dot.png icon-gri-black-dot.png icon-gri-black-dot.png
G4-LA10 Programs for skills management and lifelong learning that support the continued employability of employees and assist them in managing career endings Training and education Various types of training can be offered in restructuring situations, however specific actions are defined case by case. icon-gri-black-dot.png   icon-gri-black-dot.png
G4-LA11 Percentage of employees receiving regular performance and career development reviews, by gender and by employee category Training and education   icon-gri-black-dot.png icon-gri-black-dot.png icon-gri-black-dot.png 
DIVERSITY AND EQUAL OPPORTUNITY
G4-LA12 Composition of governance bodies and breakdown of employees per employee category according to gender, age group, minority group membership, and other indicators of diversity Employment
Diversity and equal opportunity
  icon-gri-black-dot.png icon-gri-black-dot.png  
LABOUR PRACTICES GRIEVANCE MECHANISMS
G4-LA16 Number of grievances about labour practices filed, addressed, and resolved through formal grievance mechanisms Compliance   icon-gri-black-dot.png icon-gri-black-dot.png  
      
SUB-CATEGORY: HUMAN RIGHTS
NON-DISCRIMINATION
G4-HR3 Total number of incidents of discrimination and corrective actions taken Compliance   icon-gri-black-dot.png icon-gri-black-dot.png    
FREEDOM OF ASSOCIATION AND COLLECTIVE BARGAINING
G4-HR4 Operations and suppliers identified in which the right to exercise freedom of association and collective bargaining may be violated or at significant risk, and measure taken to spport these rights Compliance
Supply Chain Management
  icon-gri-black-dot.png icon-gri-black-dot.png    
CHILD LABOUR
G4-HR5 Operations and suppliers identified as having significant risk for incidents of child labour, and measures taken to contribute to the effective abolition of child labour Compliance
Supply Chain Management
  icon-gri-black-dot.png icon-gri-black-dot.png    
FORCED OR COMPULSORY LABOUR
G4-HR6 Operations and suppliers identified as having significant risk for incidents of forced compulsory labour, and measures taken to contribute to the elimination of all forms of forced labour Compliance
Supply Chain Management
  icon-gri-black-dot.png icon-gri-black-dot.png    
HUMAN RIGHTS GRIEVANCE MECHANISMS
G4-HR12 Number of grievances about human rights filed, addressed, and resolved through formal grievance mechanisms Compliance   icon-gri-black-dot.png icon-gri-black-dot.png    
SUB-CATEGORY: SOCIETY
Material aspect: ANTI-CORRUPTION
G4-SO3 Total number and percentage of operations assessed for risks related to corruption and the significant risks identified Risks and risk management Coverage of risk management processes is 100% of our operations. icon-gri-black-dot.png icon-gri-black-dot.png icon-gri-black-dot.png
G4-SO4 Communication and training on anti-corruption policies and procedures Sustainability targets Partly reported. More detailed information will be provided in 2015. icon-gri-black-dot.png icon-gri-black-dot.png icon-gri-black-dot.png
G4-SO5 Confirmed incidents of corruption and actions taken Compliance   icon-gri-black-dot.png icon-gri-black-dot.png icon-gri-black-dot.png
PUBLIC POLICY
G4-SO6 Total value of political contributions by country and recipient/beneficiary Compliance   icon-gri-black-dot.png icon-gri-black-dot.png    
ANTI-COMPETITIVE BEHAVIOR
G4-SO7 Total number of legal actions for anti-competitive behaviour, anti-trust, and monopoly practices and their outcomes Compliance   icon-gri-black-dot.png      
Material aspect: COMPLIANCE
G4-SO8 Monetary value of significant fines and total number of non-monetary sanctions for non-compliance with laws and regulations Compliance   icon-gri-black-dot.png icon-gri-black-dot.png    
GRIEVANCE MECHANISMS FOR IMPACTS ON SOCIETY
G4-SO11 Number of grievances about impacts on society filed, addressed, and resolved through formal grievance mechanisms Compliance   icon-gri-black-dot.png      
SUB-CATEGORY: PRODUCT RESPONSIBILITY
CUSTOMER HEALTH AND SAFETY
G4-PR2 Total number of incidents of non-compliance with regulations and voluntary codes concerning the health and safety impacts of products and services during their lifecycle, by type of outcomes Compliance   icon-gri-black-dot.png      
PRODUCT AND SERVICE LABELING
G4-PR4 Total number of incidents of non-compliance with regulations and voluntary codes concerning product and service information and labelling, by type of outcomes Compliance   icon-gri-black-dot.png      
G4-PR5 Results of surveys measuring customer satisfaction Product and Service Labelling          
MARKETING COMMUNICATIONS
G4-PR7 Total number of incidents of non-compliance with regulations and voluntary codes concerning marketing communications, including advertising, promotion, and sponsorship, by type of outcomes Compliance   icon-gri-black-dot.png      
CUSTOMER PRIVACY
G4-PR8 Total number of substantiated complaints regarding breaches of customer privacy and losses of customer data Compliance   icon-gri-black-dot.png      
Material aspect: COMPLIANCE
G4-PR9 Monetary value of significant fines for non-compliance with laws and regulations concerning the provision and use of products and services Compliance   icon-gri-black-dot.png icon-gri-black-dot.png    

 

Note

Make a note?

Close

For the best experience of our Annual Report, please update your browser to a newer version.