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Interim Report
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Financial Statements Bulletin
2019
Annual Report
2019
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2018
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(30.1.2019)Annual Report
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Sustainability assured 2016
On 1 January 2016, the Sustainable Development Goals (SDGs) set by the United Nations came into force. The SDGs set out to tackle a whole range of issues, from gender inequality to climate change, with the overall goal of ending global poverty.
The 17 Goals and 169 targets, which are part of a wider 2030 Agenda for Sustainable Development, build on the Millennium Development Goals (MDGs) set in 2000. Compared to the MDGS, the SDGs are broader in scope and are applied to all countries and actors. The Goals are founded on the principle that all actors take part in solving the issues – countries rich and poor, corporations big and small. The role of businesses is seen as being vital to the delivery of innovative changes that can have significant influence.
With our strong focus on sustainability, Wärtsilä is no exception. Several of the Goals deal with issues that Wärtsilä already contributes to with a positive impact, and continually strives to improve.
Wärtsilä’s efforts to promote people’s health, safety and well-being covers employees, suppliers, customers and local communities. Our high environmental, health and safety (EHS) standards aim at zero injuries among employees and contractors, and our products and solutions are safe and reliable to use. We are also committed to continuous improvement in our environmental performance to avoid causing harm to the communities close to our operations.
We support the work-related rights defined by the International Labour Organization, and uphold the freedom of association and the right to collective bargaining. Wärtsilä promotes gender equality and is committed to include women in all aspects of its business, and to fight against gender discrimination. Our Diversity Initiative has been in place since 2012, fostering an inclusive corporate culture at all levels.
Wärtsilä contributes to sustainable economic growth by promoting global corporate citizenship, an inclusive corporate culture, and local employment. Continuous learning and self-development are encouraged by offering a wide range of competence development options at all levels of the organisation.
Wärtsilä plays an important role in helping to meet the world’s increased demand for energy in a sustainable way. The focus is on flexible and efficient solutions that enable the transition to a more sustainable and modern energy infrastructure. Wärtsilä’s Smart Power Generation power plants provide energy efficiency as well as fuel and operational flexibility, which enables the effective integration of wind and solar power into the grid. Wärtsilä’s Dry Flexicycle power plants can cut water consumption to close to zero, making it possible to place power plants in water-stressed areas.
During 2016, we entered the solar energy business by offering utility-scale solar photo-voltaic (PV) solutions to help customers reduce carbon emissions. We were also awarded the contract to supply a biogas liquefaction plant in Norway, which will convert cleaned biogas from fishery waste and residual paper mill slurry into liquid fuel for public transport vehicles.
Wärtsilä engages actively in an open dialogue with various stakeholders to provide expertise and support for enhancing clean energy technology and research on a global scale.
One of Wärtsilä’s core business areas focuses on providing sustainable innovations for the marine industry. By eliminating or reducing polluting discharges and emissions from customer’s processes, Wärtsilä ensures that they can continue to operate in sensitive areas around the world. The range of environmentally sound products and solutions includes systems for ballast water management, wastewater treatment, oily water systems, exhaust gas cleaning, and dual-fuel marine engines. In 2016, Wärtsilä launched a new ferry concept featuring zero or low local emissions running on batteries. The company also introduced the new Wärtsilä Enviroguard SLR water lubricated seal, which eliminates the risk of polluting the marine environment.
Wärtsilä is also involved in numerous global and local partnerships, such as the Sustainable Shipping Initiative and the Sustainable Marine Biofuel Initiative.
Our commitment to sustainability and responsible business is based on our mission, vision and strategy. Wärtsilä's values and Code of Conduct define the common rules for all our employees, and provide guidance on Wärtsilä's approach to responsible business practices.
Wärtsilä's Code of Conduct and supporting policies expressly prohibit the company, its employees and suppliers from offering or accepting any kind of benefit considered a bribe, and from taking actions that could give rise to a conflict of interest or breach of loyalty. Wärtsilä complies with international good practices and anti-corruption laws of the countries in which Wärtsilä operates, and urges the reporting of any cases of corruption and bribery. The implementation of the policies is supported by an extensive training programme for all Wärtsilä employees.
Wärtsilä aims to contribute towards the well-being of local communities in which the company is present. Means for this include, for example, creating employment, paying taxes and social dues, providing training and education to employees, co-operating with local stakeholders, and supporting local development.
