Open navigation

Stakeholder relations

Note

Add a note?

Wärtsilä actively engages with its stakeholders to develop its operations, products, and services. At the corporate level, Wärtsilä has defined its most important stakeholders as being its customers, owners, suppliers, employees, and society in general. Wärtsilä's subsidiaries define their own primary stakeholders. In addition to the ones mentioned above, these typically include local residents close to production plants, educational institutes, and public authorities. Wärtsilä’s Code of Conduct provides the foundation for the management of stakeholder relations, while the priorities involved vary within Wärtsilä from one subsidiary to another.

Main_expectations_of_Wartsilas_stakeholders_and_goals.svg

In order to facilitate active dialogue with its customers, Wärtsilä arranges Customer Days for existing and potential customers at locations in various parts of the world. During these events, subjects of topical interest from both local and global perspectives are reviewed, and existing and future needs and challenges are discussed.

In addition to these Customer Days, the Marine Solutions and Energy Solutions businesses arranged or participated in more than 330 industry-related events globally during 2018, including international and national seminars, exhibitions, and conferences. These events were attended by customers, potential customers, and other stakeholders, such as investors, consultants, suppliers, students, and other interested parties.

Long-term research programmes and partnerships are an important means of enhancing open dialogue and co-operation with key industry players and important research institutions. Wärtsilä has actively initiated and participated in the development and work of common research programmes, both locally and internationally.

Dialogue with employees takes place in many formats. More information about the procedures and processes to support active and engaging dialogue with Wärtsilä employees is described in the section covering Consultation and information procedures in Group companies.

Wärtsilä also engages in an active and open dialogue with local and international public authorities and officials. The aim is to share information, provide expertise, and support authorities in improving the quality of regulatory matters. Wärtsilä participates in public consultations in areas that are of importance to the company.

Voluntary commitments

Wärtsilä has signed the United Nations Global Compact initiative and supports its ten principles with respect to human rights, labour, the environment, and anti-corruption. Wärtsilä is committed to aligning its strategy, culture, and day-to-day operations with these principles, and to engage in collaborative projects that advance sustainable development. Wärtsilä's Code of Conduct and sustainability approach provide the main framework for promoting the principles within the company’s sphere of influence.

Wärtsilä has joined the Sustainable Shipping Initiative (SSI) and is a signatory to its Vision for a Sustainable Shipping Industry in 2040. The initiative brings together some of the most prominent companies in the maritime sector. Wärtsilä has also signed the Finnish Business and Society's (FIBS) Diversity Charter, and an Energy Efficiency Agreement whereby Finnish industry voluntarily endeavours to use energy more efficiently for the period 2017-2025. Wärtsilä North America Inc. has signed the Customs Trade Partnership Against Terrorism (C-TPAT) agreement.

Activities in organisations

In 2018, Wärtsilä participated in activities organised by various national and international organisations and associations. New memberships during the year included, for example, the European Commission’s Digital Transport and Logistics Forum (DTLF) and the Finnish Climate Leadership Coalition (CLC). Wärtsilä also renewed its membership in the European Sustainable Shipping Forum (ESSF) for the next five year period.

The key organisations for Wärtsilä and the nature of Wärtsilä's involvement in these organisations are presented in the table below.

Stakeholder

Organisation

Nature of activity

Interest groups

Confederation of Finnish Industries (EK), Federation of Finnish Technology Industries, Finland Chamber of Commerce, International Chamber of Commerce (ICC), ICC Finland

Membership and participation in activities.

 

Industrial organisations

Association of Singapore Marine Industries (ASMI), Brazilian Institute of Oil and Gas (IBP), Brazilian Thermoelectric Generators Association (ABRAGET), Caribbean Utilities Association (CARILEC), Cogen Europe, Confederation of Indian Industry (CII), Cruise Line International Association (CLIA), BIMCO, EnergyVaasa, Engine Manufacturers Association (EMA), European Association of Engine Manufacturers (Euromot), European Engine Power Plants Association (EUGINE), Exhaust Gas Cleaning System Association (EGCSA), Hong Kong Shipowners Association, Indian Diesel Engine Manufacturers Association (IDEMA), Interferry, International Council on Combustion Engines (CIMAC), SEA\LNG Society for Gas as a Marine Fuel (SGMF), Union of the Electricity Industry (EURELECTRIC), Verband Deutscher Maschinen- und Anlagenbau (VDMA), WaterBorne TP, SolarPower Europe

Board membership and participation in activities of specific working groups (CARILEC, CII, CIMAC, Cogen Europe, EMA, Euromot, EUGINE, SEA\LNG, VDMA, WaterBorne TP).

Membership and participation in activities (ABRAGET, ASMI, BIMCO, CLIA, EGCSA, EURELECTRIC, EnergyVaasa, Hong Kong Shipowners Association, IBP, IDEMA, Interferry, SGMF, SolarPower Europe).

Standardisation organisations

International Organisation for Standardisation (ISO), Finnish Standards Association (SFS)

Participation in activities.

International and EU organisations

Digital Transportation Logistics Forum (DTLF), European Sustainable Shipping Forum (ESSF), International Maritime Organization (IMO), Global Compact Nordic Network (GCNN), Global Industry Alliance (GIA)

Participation in activities through national delegations (IMO).

Participation in activities (DTLF, ESSF, GCNN, GIA).

Other

Climate Leadership Coalition (CLC), Cleantech Finland, Finnish Business & Society (FIBS), European Energy Forum (EEF), Sustainable Shipping Initiative (SSI)

Participation in activities.

Related stories

Wärtsilä joins Climate Leadership Coalition

An oceanic awakening

Note

Add a note?

Note

Add a note?

Note

Add a note?