Climate Change Data

Wärtsilä Corporation

Climate Impact & Sustainability Data (2004, 2005, 2023)

Reporting Period: 2004

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Economic Performance
  • Environmental Performance
  • Social Performance

Environmental Achievements

  • Improved energy efficiency and lower emissions of products
  • Enviropax project achieved 10% higher efficiency in propulsion systems
  • Reached the target of offering customers an environmentally advanced product portfolio by the end of 2003
  • Successful completion of testing for the first fuel cell prototype

Social Achievements

  • Approved internal Code of Conduct
  • Job satisfaction study conducted in 2004
  • Wärtsilä Brazil named one of the 100 best employers in Brazil
  • Imatra Steel’s Steel Works won an award for the best work environment

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • To perform energy analyses and improvement programmes in all factories (by end of 2005)
  • To perform a lifecycle assessment for one Ship Power application and one Power Plant (by end of 2005)

Environmental Challenges

  • Unfavorable development of the power plant market
  • Restructuring affected the working atmosphere
  • Insufficient employee knowledge about Wärtsilä’s business strategy
  • Rising fuel prices and stricter environmental requirements
Mitigation Strategies
  • Continuous improvement program and restructuring
  • Frank dialogue between management and employees
  • More open and effective communication by management and supervisors
  • Improving energy efficiency of products while simultaneously reducing emissions
  • Development of alternative fuels and technologies (fuel cells, biofuels)

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Deepening partnerships with suppliers to ensure mutual understanding of requirements

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI (Global Reporting Initiative) Sustainability Reporting Guidelines 2002

Certifications: ISO 14001 (in all Group companies)

Third-party Assurance: KPMG Oy Ab

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Fuel cell technology
  • Enviropax vessel
  • DF dual-fuel engines
  • Enviro-Engine™
  • IMAFORM™ steel
  • M-steel
  • IMATRA GreenCut™ steel

Awards & Recognition

  • Wärtsilä Brazil named one of the 100 best employers in Brazil
  • Imatra Steel’s Steel Works won an award for the best work environment

Reporting Period: 2005

Environmental Metrics

Total Energy Consumption:1881 TJ
Water Consumption:7328000 m3
Waste Generated:27142 t

ESG Focus Areas

  • Economic Performance
  • Environmental Performance
  • Social Performance

Environmental Achievements

  • Breakthrough in DF engines as prime movers in LNG carriers, substantially reducing environmental impacts.
  • Achieved a NOx emission level of 710 ppm in four-stroke engines.
  • Completed first lifecycle assessments of its products, confirming the importance of engine operation and fuel refining on environmental impacts.
  • Sales of gas-powered and biofuel-powered plants met targets.

Social Achievements

  • Improved working conditions in China joint venture.
  • Updated supplier requirements to conform to the Code of Conduct, adding social responsibility criteria.
  • Acquired marine engine service businesses of DEUTZ AG and Gerhardt Holding Co. Inc.

Governance Achievements

  • Updated the company’s Code of Conduct.
  • Implemented a SAP-based ERP system worldwide to enhance and streamline processes.

Climate Goals & Targets

Long-term Goals:
  • Broader gas concept, e.g., 5 non-LNG carriers (2010)
  • Fuel consumption improvement of diesel and gas engines by 3% compared to 2005 level (2010)
Medium-term Goals:
  • 2000 MW diesel to gas conversions (2010)
  • 50% of total seal sales to be environmental seals (2010)
  • 500 MW scrubber retrofits (2010)
  • Actively promote power plant technology based on renewable fuels with a target of 500 MWth of sold power plants (2010)
Short-term Goals:
  • Full release of NOx = 710 ppm engine concepts for power plant engines (2006)

Environmental Challenges

  • Growing energy needs combined with increasingly strict environmental requirements.
  • Increasing prices of fossil fuels due to declining reserves and global instability.
  • New regulations related to sulphur content in fuel.
  • Need to reduce emissions from ships to meet public concerns.
Mitigation Strategies
  • Improving energy efficiency of products while simultaneously reducing emissions.
  • Developing and introducing alternative fuels and technologies (e.g., gas, biofuels, fuel cells).
  • Offering engine checks, modifications, and tank/system modifications for ships operating in SECAs.
  • Developing new concepts for waste heat recovery, Delta Tuning, and LNG cruise ferries.

Supply Chain Management

Supplier Audits: 9

Responsible Procurement
  • Updated supplier requirements to include social responsibility criteria.

Climate-Related Risks & Opportunities

Opportunities
  • Development of energy-efficient products and alternative fuels.

Reporting Standards

Frameworks Used: GRI (Global Reporting Initiative) Sustainability Reporting Guidelines 2002

Certifications: ISO 14001 (in 32 Wärtsilä companies)

Third-party Assurance: KPMG Oy Ab

Sustainable Products & Innovation

  • DF engines
  • Multifuel engines
  • Fuel cells
  • Waste heat recovery systems
  • Bio-oil fuelled power plants

Reporting Period: 2023

Environmental Metrics

ESG Focus Areas

  • Decarbonisation
  • Safety
  • Wellbeing
  • Diversity

Environmental Achievements

  • Reduced CO2 emissions by 21,300 tCO2e compared to the previous year
  • Developed the marine sector’s first commercially available 4-stroke engine-based solution for ammonia fuel
  • Launched four additional methanol marine engines
  • Achieved 47% of the final 2025 target for reducing energy consumption

Social Achievements

  • Corporate lost-time injury frequency rate (LTIF) was 1.59, and the total recordable injury frequency rate (TRIF) 2.62
  • Initiated a new four-year safety programme ‘Success through safety’
  • Achieved 100% equal pay for males and females
  • Code of Conduct training coverage was 93% of all employees
  • Employee engagement index score of 80%

Governance Achievements

  • 100% of the company’s employees had completed development discussions
  • Share of female employees was 17.6%

Climate Goals & Targets

Long-term Goals:
  • Become carbon neutral in our own operations by 2030
  • Reach the long-term goal of zero injuries
Medium-term Goals:
  • Increase the share of females in the workforce to 20% by 2023
  • Provide a product portfolio that will be ready for zero carbon fuels by 2030
Short-term Goals:
  • Reduce energy consumption by at least 7% from 2015 levels by 2025
  • Achieve an employee engagement index above 80% by 2023

Environmental Challenges

  • Understanding customer sustainability demand
  • Climate change impacts
  • Ethical business conduct
  • Regulatory compliance
  • Financing
Mitigation Strategies
  • Development project on climate-related disclosures based on TCFD recommendations
  • Annual sustainability risk assessments
  • Code of Conduct training
  • Supplier requirements for compliance with legislation, environmental aspects, quality, occupational health and safety management, social performance, and cyber security

Supply Chain Management

Responsible Procurement
  • Mandatory supplier requirements for compliance with legislation, environmental aspects, quality, occupational health and safety management, social performance, and cyber security

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: TCFD

UN Sustainable Development Goals

  • SDG 7
  • SDG 9
  • SDG 13

Energy solutions towards a 100% renewable future, thermal balancing and energy storage, energy efficiency and power system optimisation, decarbonisation services and modelling, future fuels research and development, sustainable innovations, R&D investments and partnerships, infrastructure projects, manufacturing employment, upgrades and retrofits, decarbonisation technology, solutions, and services, clean fuels research, power system modelling, partnerships and projects

Sustainable Products & Innovation

  • Wärtsilä 25 Ammonia marine engine
  • Four additional methanol marine engines

Awards & Recognition

  • TIME’s 100 Most Influential Companies list