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Sustainable development

Thanks to its various technologies and specialised services, Wärtsilä is well positioned to reduce exhaust emissions and the use of natural resources, and to support its customers in preparing for new regulatory requirements. Wärtsilä’s R&D efforts continue to focus on the development of advanced environmental technologies and solutions. The company is committed to supporting the UN Global Compact and its principles with respect to human rights, labour, the environment and anti-corruption. Wärtsilä’s share is included in several sustainability indices. During the second quarter, Wärtsilä was informed that it would continue to be included in the Euronext Vigeo index Eurozone 120 (the 120 most advanced companies in the Eurozone region).

In June, Wärtsilä and a group of environmentally conscious maritime industry players signed up to a new Global Industry Alliance (GIA) to support transitioning shipping and its related industries towards a low carbon future. Together, the thirteen GIA partners will collectively identify and develop innovative solutions to address common barriers to the uptake and implementation of energy efficiency technologies and operational measures.

The International Convention for the Control and Management of ships’ ballast water and sediments will enter into force on 8 September 2017, with the intention of addressing the issue of invasive aquatic species being carried in the ballast water of ships and then discharged into the sea where they can harm local species. Wärtsilä is well placed to support its customers as they prepare to meet the upcoming regulatory requirements. In July, the International Maritime Organisation's MEPC Committee approved a revised implementation schedule for the installation of ballast water management systems based on an evaluation of the vessels' International Oil Pollution Prevention Certificate (IOPP) renewal, whereby in certain cases the deadline is postponed by up to two years. During the second quarter, Wärtsilä announced it is in the process of signing agreements with a number of major shipyards to establish cooperation and communication between the parties in relation to the Convention for Ballast Water Management. The shared goal of the parties is to provide ship owners and operators with all necessary information and assistance concerning ballast water management systems.

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