Annual report

Our sustainability approach

At Wallenius Wilhelmsen Group, long term value creation means delivering improved financial results and a continuous reduction in our environmental footprint. This is important given that the purpose of Wallenius Wilhelmsen is sustainable logistics for a world in motion — imagining new, more efficient solutions for the changing world of mobility and logistics on land and sea in a sustainable manner.  As the concept of mobility continues to evolve, we always look ahead, working with our customers and partners to find better, more sustainable supply chain solutions. Together we will take on shipping and logistics’ greatest challenge – getting to a zero-emission supply chain.

Our approach is to lead our industry towards zero emissions by bold target setting, sophisticated environmental, social and governance (ESG) management, data transparency and reporting, and engaging in innovation and regulation. We set new greenhouse gas (GHG) targets to ensure we put our business on the right heading using Science-Based Targets methodology (see p.41, Strategy & Targets) and have begun adopting the recommendations of the Task Force on Climate-Related Financial Disclosures to help inform our climate actions and disclosures.

The principles of our sustainability strategy guide how we bring our sustainability vision to life. By striving for what is both economical and sustainable, we will produce the best long-term results for people, profits and the planet:

  • Implement best-in-class operational and technical solutions to continuously reduce our carbon footprint
  • Leverage sustainability to create substantial business value with customers, investors and (prospective) employees
  • Attract innovators to shipping’s decarbonisation challenge and amplify innovation to speed our transition to zero emissions
  • Seek progressive yet pragmatic regulatory outcomes; those that yield the best cost-benefit results

Sustainability is fully integrated into the company’s corporate strategy, reflecting our holistic approach to managing our environmental, social and governance performance. In late 2020, management developed a sustainability value stream within our corporate strategy with ambitious new sustainability objectives: