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Strategy

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Wärtsilä’s purpose is to enable sustainable societies with smart technology. The demand for clean and flexible energy, and the need for efficient and safe transportation are increasingly affecting the way that customers operate. This forms the basis for our Smart Marine and Smart Energy visions. With an integrated portfolio of services, systems, and products that covers customer needs across the full lifecycle, we are well positioned to respond to the demand for energy efficient and innovative solutions. Strong emphasis is given to optimising installation performance, using data analytics and artificial intelligence to support customer business decisions. Wärtsilä’s digital transformation will provide enhanced customer value through an increased focus on collaboration and knowledge sharing. A strong presence in key markets and a superior global service network support our profitable growth ambitions.

With our flexible production and supply chain management, we constantly seeks new ways to maintain high quality and cost efficiency - often in co-operation with customers and leading industrial partners. The investments in R&D and the focus on digitalisation create a strong foundation for securing and strengthening the company’s position at the forefront of market innovation. This innovative culture, together with a constant emphasis on safety, diversity, and high ethical standards, attracts skilled and committed people and creates the basis for a high performing organisation. The implementation of operational excellence ensures that we are easy to do business with, and drives increased productivity and efficiencies for its customers.

Smart Energy

Wärtsilä creates optimal paths towards 100% renewable energy systems. Our objective is for customers to recognise the company as the leading energy systems integrator, providing all the essential technologies, services, and solutions for sustainable and reliable power systems.

The energy market landscape is in transition and is moving towards more flexible energy systems with a rapidly increasing share of renewable energy, declining inflexible baseload generation, and wider applications of storage technology. The declining cost of renewables has begun to reduce new investments in coal and other inflexible baseload technologies, and this transition will eventually enable renewables to become the new baseload, which will require flexibility and storage to ensure reliable generation.

Our solutions are at the very core of the energy systems of the future. We understand the role that different technologies play in our customers’ power systems, and enhance the assets of the customer through software, EPC offerings, and global service capabilities. Wärtsilä’s engine power plants act as a stepping stone for the ongoing energy industry transition, and provide a unique combination of energy efficiency, and fuel and operational flexibility throughout all its phases. Our energy storage and integration solutions handle second and daily level variations in supply, which is the key for renewables penetration.

Wärtsilä provides asset and lifecycle management services that optimise the performance of our customers’ installations through upgrades, modernisations, fuel conversions, and safety solutions. Asset Management targets energy supply reliability and optimisation. With connectivity, we optimise asset performance throughout the lifecycle and provide strategic input to customers in order to enhance their business growth through smart technologies. Asset management will drive future growth in lifecycle solutions and enable new "as-a-service" business models. To secure future growth and profitability, the main focus will be on optimising the current business and building a solid foundation for developing future business models.

Smart Marine

Wärtsilä’s aim is to lead the industry’s transformation towards a Smart Marine Ecosystem. Building on the sound foundation of being a leading provider of innovative products, integrated solutions, and lifecycle services to the marine and oil & gas industries, we aim to unlock new customer values through connectivity, digitalisation, and smart technology.

The marine industry is moving towards a future that is increasingly connected. The opportunities offered through smart technology will foster a new era of collaboration and knowledge sharing with customers, suppliers, and partners. Industry players are faced with major sources of inefficiency that impose a significantly negative impact on business operations and profitability, the three most notable of these being overcapacity, inadequate port-to-port fuel efficiency, and time wasted waiting when entering ports and other high traffic areas. Eliminating these inefficiencies forms the basis of Wärtsilä’s marine strategy towards ecosystem thinking. We have identified four primary forces that will re-shape the industry. Shared capacity will improve fill rates and reduce unit costs; big data analytics will optimise both operations and energy management; intelligent vessels will enable automated and optimised processes; and smart ports will result in smoother and faster port operations.

Wärtsilä is ideally positioned, together with its customers and partners, for positive disruptive development and to lead the transformation into a new era of shipping. Building on our extensive offering portfolio, and our vast installed base and industry know-how, we will continue to develop the smart technologies, business models, and competences needed to create a Smart Marine Ecosystem.

By applying smart technology and performance optimisation services, Wärtsilä aims to deliver greater efficiencies, minimised climate impact, and a higher level of safety to the shipping industry. This will result in more sustainable, safe, and profitable operations for ship owners and operators around the world. The ultimate goal is to enable sustainable societies with smart technologies.

Sustainability

Economic

Wärtsilä aims to meet shareholder expectations and contribute towards the well-being of society. This requires efficient, profitable, and competitive company operations. Good economic performance establishes a platform for the other aspects of sustainability – environmental and social responsibility.

Environment

Wärtsilä's aim is to be a forerunner in sustainable innovation and furthermore reduce emissions in our customer’s operations and in societies overall. Wärtsilä supplies smart technologies and services that help to mitigate climate change and protect our oceans and seas. We continuously work on achieving high environmental standards in our operations, and improving the environmental performance and efficiency of our products and solutions through R&D, collaboration, partnerships, and active engagement in ecosystems. In doing this, we help our customers and society at large to meet the goals of the tightening global environmental regulations and guidelines.

Social

We have high ethical standards and we care about the communities in which we operate. Our business operations and relations with our stakeholders are governed by our Code of Conduct. Wärtsilä is a responsible employer, and we seek to offer our employees an interesting and exciting workplace where openness, respect, trust, equal opportunities, and scope for personal development prevail. A further aim is to offer a hazard-free working environment to our employees and contractors, and to minimise the health and safety risks associated with the use of our products and services. Through effective supply chain management and continuous development we strive to ensure that our values expressed in the Code of Conduct are promoted in our whole value chain.

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