We report on 42 Key Performance Indicators (KPIs) which are organised into four priorities, Valuing Diversity & Wellbeing, Being a Trusted Business Partner, Protecting Life Below Sea, and Navigating Towards Zero Emissions, providing strategic direction for all sustainability topics that are material to our company and our value chain. These four priorities also provide the structure for the ESG data included in this report, prepared and disclosed in accordance with the Global Reporting Initiative (GRI) Standards: Core option.
Transparency in our sustainability efforts and performance is essential for cultivating good relationships with our stakeholders and meeting their evolving expectations. To ensure the appropriate focus and relevance of our sustainability work, we conducted a materiality assessment in December 2017 to identify and prioritise the topics and data presented in this report.
During this phase we identified and assessed relevant environmental, social and governance related impacts along the company’s value chain. The different sustainability topics were ranked in terms of importance to both Wallenius Wilhelmsen group and our stakeholders, to determine their overall materiality.
Topics that are deemed material (of high importance to both Wallenius Wilhelmsen and its stakeholders) are disclosed in this sustainability report and regularly reviewed by top management.
To promote our vision of transparency, accountability and reporting, Wallenius Wilhelmsen joined the Standards Advisory Group at the Sustainability Accounting Standards Board (SASB) in 2019, and we actively participate in BSR’s Clean Cargo initiative and Drive Sustainability, a customer-driven sustainability reporting initiative.
Unless otherwise noted, the scope of this report includes vessels, ocean services and landbased services owned or controlled by the Wallenius Wilhelmsen group, which includes Wallenius Wilhelmsen Ocean, Wallenius Wilhelmsen Solutions, EUKOR and American Roll-on Roll-off Carrier (ARC). Outside the scope of the report are the operations of Keen Transport Inc., a recent acquisition. Wallenius Wilhelmsen’s Sustainability Management System and Way of Working dashboard are to be implemented throughout Keen’s operations in 2020.