Sustainability Performance Management
Wärtsilä’s Board of Management has the overall responsibility for sustainability performance. The Board of Management approves the guiding principles and reviews the content on a regular basis. The Board of Management defines sustainability targets and monitors performance against these set targets. Performance is reviewed in connection to the management reviews on both Wärtsilä's Board of Management and Business Management Team levels.
Wärtsilä’s sustainability function is responsible for providing the necessary information to the management, identifying development needs as well as for coordinating sustainability programmes and preparing instructions. The function co-operates closely with the Businesses and the supporting functions such as Human Resources, Legal, Quality, Wärtsilä Supply Management and Real Estate. It also collects and consolidates sustainability data from the subsidiaries.
Wärtsilä has clearly defined responsibilities supported by necessary instructions and training. This training covers e.g. environmental issues, Code of Conduct, anti-corruption as well as occupational health and safety issues. Wärtsilä monitors sustainability performance by utilising the information provided by various sustainability tools and activities such as internal audits.
Wärtsilä joined the Sustainable Shipping Initiative in 2011. Wärtsilä has joined the UN Global Compact initiative in 2009. Wärtsilä has also signed an agreement in 2008, whereby Finnish industry voluntarily endeavours to use energy more efficiently. Wärtsilä North America Inc. has joined the Customs Trade Partnership Against Terrorism (C-TPAT) agreement signed in 2003.
Wärtsilä tools for Sustainability
|Basic principles||Systems and processes||Others|
|Vision, Mission and Strategy||Quality Management System||Sustainability target setting|
|Corporate Governance||Environmental Management System||Sustainability management reviews|
|Corporate policies and principles: Code of Conduct, QEHS Policy, Anticorruption policy, etc.||Occupational Health and Safety Management System||Business development tools: Due diligence, Environmental surveys|
|Corporate Manual||Supplier Management System||Stakeholder dialogue|
|Corporate requirements for suppliers||Risk management process||Sustainability reporting|
Continuous improvement process: performance measurement, setting targets, taking actions and reviewing the results.