Meeting new sustainability milestones: The 2019 Sustainability Report

Members Corner

Source: Wallenius Wilhelmsen, 2020-04-22

Annual report

At Wallenius Wilhelmsen, we are continually striving towards a more sustainable future, which is why we’ve published our own sustainability data for a decade. In today’s uncertain times, we believe upholding our values and being transparent about the challenges that lie ahead are more important than ever.

While we are only beginning to understand the long-term impacts of the coronavirus pandemic, we can already see that our ESG (environmental, social and governance) performance will be even more important for our future success. That’s why environmental and social values continue to underpin Wallenius Wilhelmsen’s operations across the globe.

Now more than ever, it’s essential we remain committed to sustainable logistics for a world in motion. Transparency is crucial to achieving this commitment; it’s the reason we publish a Sustainability Report every year, providing stakeholders with information about our performance across environmental, social and governance areas.

In our 2019 report, we disclosed our performance using 42 Key Performance Indicators. Our sustainability priorities also contribute to six of the UN Sustainable Development Goals.

So, what are some of the highlights?

Valuing wellbeing and diversity

As a global company of 9,400 people, diversity is not only important, it’s essential to our success. In an industry where women typically represent 30% of the workforce, we are proud that 40% of our office workers are female. But we recognise there is still progress to be made, and so we are continuing to explore new ways to develop and sustain a more diverse and inclusive workplace.

Protecting life below water

Protecting our oceans means maintaining biodiversity and safeguarding ecosystems. Since our operations can impact both, we take a holistic approach to the lifecycle of our vessels, from design to recycling. We also embrace innovation to find new solutions to decrease our impact on life below water, such as our new hull biofouling management programme. By bringing new ideas to an old challenge, we’re reducing emissions and fuel costs, while also protecting the ocean’s biodiversity from invasive species.

Navigating towards zero emissions

As the operator of a fleet of 126 Ro-Ro vessels, 11 marine terminals and 71 processing centres around the world, we are committed to a zero emissions future.

In 2019, we made significant strides in our CO2 emissions performance:

  • The CO2 intensity of our ocean fleet improved to 33 grams/ per tonne kilometre, meeting our three-year target 12 months early.

  • Total CO2 emissions from ocean operations dropped to 4,640,979 tonnes, a reduction of 547,000 tonnes, or nearly 11%, from the previous year – mainly due to technical improvements and market conditions.

On land, we saw CO2 emissions from fuel consumption increase slightly, and electrical consumption was 7% lower. By enhancing our reporting tools in 2019, we can now track emissions KPIs for all our land-based activities. Fuel and electricity consumption data are collected, reported, converted to CO2 and displayed on dashboards for regular management review. This transparency empowers us to better manage the things we can control.

Looking to the future

Reflecting on our past performance is helping inspire us for the great challenges ahead. As always, we refuse to stand still. By staying one step ahead of emerging regulations and requirements, we will continue to manage the evolving expectations of our employees, customers and stakeholders and stay true to our values.

Sustainability is about both doing well and doing good, whether that’s promoting environmental stewardship and social responsibility, or ensuring responsible business conduct.

For us, today’s uncertainty reinforces one certainty: sustainability continues to be a fundamental driver of our long-term success.

older
back to ECG news