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Case: An active dialogue with our stakeholders

Wärtsilä participated in various partnerships and initiatives in the field of sustainability during 2010. Through dialogue in various forums and direct relationships with stakeholders, a deeper understanding of the key issues and expectations related to sustainable development can be attained.

In June, 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. The aim is to reduce greenhouse gas emissions.

Also in June, Wärtsilä joined the Global Compact Nordic Network, which is a local network under the umbrella of the United Nations Global Compact. The purpose of the network is to promote the Global Compact, provide a learning forum, showcase best practices, and inspire and assist other companies in implementing the ten principles.

Wärtsilä is participating in developing the best practices for sustainability reporting, and joined in October the Global Reporting Initiative's (GRI) global network of organisational stakeholders. This group promotes transparency, responsibility, and sustainable development.

Wärtsilä and the Baltic Sea Action Group organised a joint conference on future shipping solutions for the Baltic Sea, held in June in Helsinki, Finland. The conference included various stakeholders, including customers, authorities, and universities, and was aimed at finding practical solutions for the protection of the Baltic Sea environment. Efforts were made to identify future needs in developing more environmental solutions that help the shipping industry to fulfil its responsibilities towards the environment and society in general.

Wärtsilä also joined the Sustainable Shipping Initiative (SSI), a programme initiated by Forum for the Future. This initiative brings together the industry's leading organisations to show what can - and must - be done in order for shipping to contribute to, and benefit from, a sustainable future. This global taskforce gives leading industry players, and their supply chain stakeholders, a framework for assessing the extent of their sustainability challenges. By understanding their role in a sustainable future, companies can gain a competitive advantage and support the development of good policy in the process. SSI was founded earlier this year by Forum for the Future in collaboration with WWF, Maersk Line, BP Shipping, Lloyd's Register, Gearbulk, and ABN Amro.