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Quick look: Sustainability

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Wärtsilä's sustainability approach

Wärtsilä's approach to sustainability is based on economic, environmental and social performance.

Our overriding focus is on ensuring profitability, providing environmentally sound products and services and ensuring responsible business conduct.

We act as a good corporate citizen wherever we are active. Our business operations and relations with our stakeholders are governed by our Code of Conduct.

“Strenghening our values and Code of Conduct programme has been one of the major development actions during 2016. We believe that strong ethical culture requires continuous effort and creates value for our stakeholders.”

Marko Vainikka
Director, Corporate Relations and Sustainability

Key figures

Economic  
Net sales, MEUR 4 801
Taxes and Social costs, MEUR 343
R&D expenses, MEUR 127

Environmental  
Total energy consumption (TJ)  1 471
Emissions of carbon dioxide (t) (direct) (Scope 1) 57 355
Emissions of carbon dioxide (t) (indirect) (Scope 2) 59 697
Emissions of carbon dioxide (t) (indirect) (Scope 3) 168 571

 

 

Emissions of carbon dioxide (t) (indirect) (Scope 3)

In 2016, Wärtsilä started following its indirect Scope 3 greenhouse gas emissions arising from material and energy consumptions, in addition to the business flights' Scope 3 greenhouse gas emissions.

Social  
Number of nationalities 134
Lost time injuries / million working hours 2.6
Male / female ratio 84/16

 

 

Lost time injuries / million working hours

Record low number of lost time injuries (resulting in at least one day absence) per million working hours, -9% from previous year.

Wärtsilä is included in the following sustainability indices

FTSE4Good Index
MSCI Global Sustainability Index Series
Ethibel Sustainability Index (ESI) Excellence Europe
OMX GES Sustainability Nordic Index & OMX GES Sustainability Finland Index

ECPI Global Carbon Equity Index & 
ECPI Global ESG Best in Class Equity index
Dow Jones Sustainability Index
Euronext Vigeo index: Eurozone 120
STOXX Global ESG Leaders index

Other recognitions:
Wärtsilä is included in the Ethibel Excellence Investment Register
Other recognitions:
Wärtsilä has been rated a Prime company by oekom research
Other recognitions:
Wärtsilä has also been included in the RobecoSAM Sustainability Yearbook 2016

Highlights

17.3.

Wärtsilä to deliver the Nordic countries’ largest biogas plant to provide fuel for buses.

14.4.

The Wärtsilä 31 engine wins the European Marine Engineering Conference’s Marine Engines Award.

21.4.

Wärtsilä enters the solar energy business by offering utility-scale solar photo-voltaic (PV) solutions.

9.9.

Wärtsilä included in the Dow Jones Sustainability Index.

14.10.

Wärtsilä contracted to power the Mediterranean's first LNG-powered passenger ferry aiming to be an ecoefficient smartship.

20.12.

Wärtsilä contracted to supply Germany with a groundbreaking biohybrid plant which produces bioLNG and LNG.

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