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Sustainable development

The global quest for sustainable and environmentally sound development is an important demand driver for Wärtsilä. Increased environmental concerns and more stringent regulations, both globally and locally, are creating pressure on the marine industry to constantly investigate new ways of reducing the environmental impact of ships. Wärtsilä is well positioned to reduce sea transport emissions and greenhouse gas emissions, thanks to its various technologies and specialised services. The need to reduce greenhouse gas emissions also continues to drive change in the energy sector.

During the second quarter, Wärtsilä in co-operation with the Baltic Sea Action Group (BSAG), arranged an environmental conference to seek shipping solutions that can benefit the seriously polluted Baltic Sea.

Wärtsilä joined the World Bank-led Global Gas Flaring Reduction organisation, which strives to reduce the flaring or burning of natural gas associated with oil production, thereby reducing greenhouse gas emissions.

In December, Wärtsilä joined the Sustainable Shipping Initiative (SSI), a programme initiated by Forum for the Future. The initiative brings together the industry's leading organisations to show what can and must be done for shipping to contribute to, and benefit from, a sustainable future.

In 2010, Wärtsilä's share was included in two new sustainability indexes: The ECPI Global Carbon Equity Index, and the OMX GES Sustainability Nordic index. Wärtsilä was also rated a PRIME company by Oekom Research.

Wärtsilä is committed to support the UN Global Compact and its principles with respect to human rights, labour, environment and anti-corruption.

Wärtsilä's Sustainability Report, which is part of the annual report, is prepared in accordance with the GRI G3 guidelines. It represents a balanced and reasonable view of Wärtsilä's economic, environmental and social performance. The sustainability report is assured.