Wärtsilä's Sustainability Report selected the...
Wärtsilä Corporation, Press release, 8 November 2010, at 2.10 pm (EET)
Wärtsilä's Sustainability Report has won first prize in the Corporate
Responsibility Reporting 2010 competition in which corporations' responsibility
reporting in 2009 was assessed.
The sustainability reporting competition is organised by the Confederation of
Finnish Industries EK, Finnish Business & Society ry, Finnish Institute of
Authorised Public Accountants, Ministry of Employment and the Economy, the
Association for Environmental Management and the Ministry of the Environment.
The preliminary assessment was carried out by four large auditing firms
representing Finnish Institute of Authorised Public Accountants, including
Deloitte & Touche, Ernst & Young, KPMG and PricewaterhouseCoopers. The
competition was organised for the 15th time.
In its assessment, the competition committee emphasises the reporting of the
risks and opportunities, as well as safety issues, relating to sustainability,
developed by Wärtsilä. Furthermore, the committee appreciated the use of
examples in the reporting of interest group cooperation and in the reporting of
issues relating to the climate change.
The preliminary assessment for the competition included a total of 128 companies
on the Helsinki Stock Exchange. The reporting of a total of 27 listed companies
on their economic, social and environmental responsibility was considered
sufficiently extensive.
"For a decade, Wärtsilä has been systematically investing in sustainable
operations and reporting on them. Competent personnel from different parts of
the Wärtsilä organisation have participated in the development and
implementation of the reporting. This award spurs us on to further develop our
operations. We are committed to responsible business operations, and we develop
our products and operations in accordance with the principles of sustainable
development," says Mr Kari Hietanen, member of the Board of Management of
Wärtsilä Corporation.
Wärtsilä will participate in developing the best practices for sustainability
reporting and has decided to join GRI's (Global Reporting Initiative) global
network of organizational stakeholders, which promotes transparency,
responsibility and sustainable development.
"Wärtsilä is one of the pioneers in corporate responsibility reporting and we
are very pleased to have Wärtsilä joining our GRI network. We are confident that
Wärtsilä is actively involved in the development of future reporting
guidelines," says Ms Teresa Fogelberg, Director at GRI.
Wärtsilä published its first environmental report in 2001. The report was
prepared in accordance with the GRI guidelines. Throughout this time, Mr Marko
Vainikka, Director, Sustainability, has been responsible for the reporting.
For further information, please contact:
Mr Marko Vainikka
Director, Sustainability
Wärtsilä Corporation
Tel: Â +358 40Â 830 7782
marko.vainikka@wartsila.com
Wärtsilä in brief
Wärtsilä is a global leader in complete lifecycle power solutions for the marine
and energy markets. By emphasising technological innovation and total
efficiency, Wärtsilä maximises the environmental and economic performance of the
vessels and power plants of its customers. In 2009, Wärtsilä's net sales
totalled EUR 5.3 billion with more than 18,000 employees. The company has
operations in 160 locations in 70 countries around the world. Wärtsilä is listed
on the NASDAQ OMX Helsinki, Finland.
www.wartsila.com
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