Wärtsilä Corporation Annual report 2014

Management approach

Wärtsilä utilises various tools and processes to manage and to further develop its sustainability. The key tools for sustainability are presented in the table below.

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Wärtsilä's tools for Sustainability

Basic principles Systems and processes Others
Vision, Mission and Strategy Quality Management System Sustainability target setting.
Corporate Governance Environmental Management System Sustainability management reviews.
Corporate policies and principles: Code of Conduct, QEHS policy, Policy on Equal Opportunities and Fair Employment Practices, Anti-Corruption Policy, Compliance Reporting Policy etc. Occupational Health and Safety Management System Business development tools: Due diligence, Environmental surveys.
Corporate Manual Supplier Management System Stakeholder dialogue.
Corporate requirements for suppliers Risk management process Sustainability reporting.

Wärtsilä's management system

Wärtsilä's management system aims to generate added value for Wärtsilä's various stakeholders, achieve the company's strategic objectives, support sustainability performance, manage operating risks and enhance Wärtsilä's performance through the continuous improvement process. The system includes a range of tools, such as systems for managing quality, the company's environmental responsibilities and occupational health and safety. Management reviews are conducted at various levels of the organisation to monitor the effectiveness of the system, the achievement of targets and the development of key performance indicators. Wärtsilä's processes are developed in the Businesses, the Business lines and the Functions. These development projects are governed by the Wärtsilä Controllers’ meeting and OD Portfolio Management Team, Wärtsilä Presidents’ Quality Review and Quality Reviews and the Functional Management Teams.

Wärtsilä's Board of Management is responsible for defining the company's main strategies, principles and policies and for the management system itself. The Board of Management regularly monitors the effectiveness and performance of the management system. Responsibilities are distributed to the line organisation at all levels of the company, and the management system defines a specific sphere of responsibility for each Wärtsilä employee. Work groups for developing the management system are appointed at the corporate level and in most Wärtsilä subsidiaries. At the Group level, the following work groups coordinate the development of product and operational issues: 

Work group Focus Main tasks
Wärtsilä Presidents’ Quality Review Quality Overall responsibility for Wärtsilä's quality, quality process improvement and achievement of strategic quality goals.
Wärtsilä Controllers’ Meeting Strategic Operational development Overall responsibility for Wärtsilä's operational development and the operational development plans and, governing the work of IM and Process development.
Business Line Quality Reviews Quality Support and oversee quality development based on customer perception of our quality and full end-to-end life cycle view. Platform for focusing on the key improvement areas with biggest impact to our customers. Cross functional decision making to increase efficiency and shorten resolution lead time.
Wärtsilä OD Portfolio Management Team Operational development Operational development road map, targets and guidelines based on business strategies and targets and overall operational development process responsibility for the approval of the Wärtsilä Controllers’ Team. Cross-divisional operational development alignment and harmonisation.
Wärtsilä EHS Management Team Environmental, health and safety (EHS) Overall responsibility for Wärtsilä EHS, EHS management system development, corporate level overall responsibility for Wärtsilä quality measuring and target setting and monitoring of legislation developments.

Management systems

Proportion of Wärtsilä companies with certification  
ISO 9001 82%
ISO 14001 68%
ISO 18001 65%

 

GRI G4 material aspects

Material Aspect Guiding principles Roles and Responsibilities Management approach Goals
Environmental impacts of Wärtsilä’s products and services

Strategy

Code of Conduct

QEHS Policy

Corporate Governance

Environmental management

Product Design Principles

Sustainability targets
Compliance with laws and regulations

Strategy

Code of Conduct

QEHS Policy

Corporate Governance

Responsible business conduct

Supply chain management

Sustainability targets
Economic impacts to stakeholders

Strategy

Code of Conduct

Corporate Governance  Responsible business conduct Sustainability targets
Personnel skills and development

Strategy

Code of Conduct

Employee practices

Corporate Governance  People Management Sustainability targets
Anti-corruption and -bribery

Strategy

Code of Conduct

Corporate Governance

Responsible business conduct

Supply chain management

Sustainability targets
Occupational health and safety

Strategy

Code of Conduct

QEHS Policy

Corporate Governance

Occupational health and Safety management

Product design principles

Supply chain management

Sustainability targets

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