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2018

Annual report

Sustainability at Wallenius Wilhelmsen

Wallenius Wilhelmsen firmly believes in a sustainable approach to business by taking conscious action to promote environmental stewardship, social responsibility and ethical business conduct. The company prioritises sustainability not just because it is morally right, but also because sustainability is fundamental for long term value creation. The group sees sustainability as a driver for business development and growth. In taking this approach, Wallenius Wilhelmsen is also committed to complying with all relevant environmental, social and business ethics regulations, aiming to be a step ahead of existing and emerging requirements; and to meet the increasing demand for sustainability transparency and performance expectations of its stakeholders.

Reflecting this view is the ‘Lean:Green’ environmental strategy that was adopted early in Wallenius Wilhelmsen’s first year of operation: Striving for what is both economic and sustainable will produce the best long-term results for people, profits and the planet. The strategy is being pursued through the following Lean:Green approach:

  • Drive progress through initiatives that are both lean and green
  • Focus on high impact changes, for both people and the environment
  • Engage in regulatory processes; lobbying for environmentally sound global outcomes
  • Invest in and support ‘Lean:Green’ technologies; partner to find sustainable solutions
  • Embrace transparency; be visible and be credible
  • Harness sustainability track record and competence to create commercial value

Sustainability efforts at Wallenius Wilhelmsen are categorised into four globally relevant focus areas, which offer strategic direction and encompass all sustainability topics that are material to the company.

Focus areas (Click image to zoom)

These four focus areas also provide the structure for information included in this report, prepared and disclosed in accordance with the Global Reporting Initiative (GRI) Standards: Core option.

Transparency in Wallenius Wilhelmsen’s sustainability effort and performance is essential to promote good relationships with the company’s stakeholders and meet their evolving expectations. To ensure the appropriate focus and relevance of the sustainability work and reporting, the company has conducted a materiality assessment to identify and prioritise the most material sustainability issues. A complete overview of materiality in the Wallenius Wilhelmsen value chain and our engagement with stakeholders is available in the Sustainability section on our website.