Wartsila Oyj Abp - ESG Rating & Company Profile powered by AI

Industry Group:Industrial Machinery

The report of Wartsila Oyj Abp was assembled by All Street Sevva using advanced AI. Full ESG assessment of Wartsila Oyj Abp are reached by signing in. This article includes a Q&A section on Wartsila Oyj Abp.

Wartsila Oyj Abp in the Industrial Machinery industry gained a UN SDG ESG Transparency Score of 7.7; made up of an environmental score of 8.0, social score of 5.7 and governance score of 8.0.

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SDG Transparency Score for Wartsila Oyj Abp 
Low
0 - 3
Medium
4 - 6

7.7

High Impact
7 - 10
Last Score Update: 2022-07-01
What drives the score for Wartsila Oyj Abp 
8.0

Environmental

5.7

Social

8.0

Governance

Detailed ESG Breakdown
SEVVA Platform offers unique drill down to the underlying sources powering the ratings. Break down your ESG analysis by 17 UN SDGs and 8 additional governance factors.

Peer Group Comparison

RankCompanySDG Transparency Score Performance
1Marel hf
9.4
High
2EnPro Industries Inc
9.2
High
113Duerr AG
7.8
High
113Stanley Black & Decker Inc
7.8
High
117Wartsila Oyj Abp
7.7
High
117Dayu Water-saving Group Co Ltd
7.7
High
117Kirloskar Pneumatic Company Ltd
7.7
High
.........
1239Yantai Eddie Precision Machinery Co Ltd
0.0
Low
1239Zhong Yang Technology Co Ltd
0.0
Low
.........
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Frequently Asked Questions

Does Wartsila Oyj Abp reference operational or capital allocation in relation to climate change?Yes
company-nameInterimfiling2021-10-26
25 October 2021 Wärtsilä Corporation Board of Directors Document Outline Order intake, net sales, and profitability increased Highlights from July-September 2021 Highlights from January-September 2021 Wärtsilä's prospects Håkan Agnevall, President & CEO: Good progress in services continued Group financial and strategic development Operating environment Marine Energy Order intake and order book Net sales and operating result Financing and cash flow Capital expenditure Innovations, research and development Strategic projects Personnel Changes in management Sustainability Reporting segment: Wärtsilä Marine Power Financial development Divestments Reporting segment: Wärtsilä Marine Systems Financial development Reporting segment: Wärtsilä Voyage Financial development Reporting segment: Wärtsilä Energy Financial development Other business activities: Wärtsilä Portfolio Business Financial development Divestments Risks and business uncertainties Shares and shareholders Flagging notification...
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company-nameInterimfiling2021-07-20
In June, Wärtsilä and the classification society RINA announced a novel propulsion arrangement that offers full redundancy, less machinery, lower capital expenditure, reduced operational complexity, and optimised fuel consumption to lower costs and achieve emissions compliance. The conventional approach in ship design has been to use 2-stroke engines for propulsion and 4-stroke engines for electric power generation. The Wärtsilä / RINA arrangement, however, requires just two 4-stroke dual-fuel (DF) engines, with options for electric power back-up from batteries or a smal DF generator when the ship is idle. The design, featuring Wärtsilä 31DF engines operating with LNG fuel, can achieve a reduction of up to 50% from the Energy Efficiency Design Index (EEDI) reference level value, and immediate compliance with the IMO's 2030 targets.
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company-nameAnnualfiling2021-02-10
DEMAND ENVIRONMENT WEAKENED BY MARKET UNCERTAINTYDeteriorating macroeconomic conditions have caused customers in both of our end markets to re-evaluate their capital and operating expenditure plans. In the marine markets, the decline in seaborne trade and travel restrictions limited the appetite for newbuild investments and impacted fleet utilisation, and thus the demand for spare parts and maintenance activities across all segments. The cruise segment in particular was affected, as travel bans and other mitigation measures kept most vessels idle for the greater part of the year. Turmoil in the global energy markets affected demand in the offshore and LNG segments, as well as customers' interest in scrubber technology. This market backdrop caused order intake to decline across all our marine businesses. The COVID-19 related slowdown of economic activity also had a negative impact on the global liquid and gas fuelled power plant markets throughout 2020. While the market situation sta...
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Is Capital Expenditure linked to emissions reduction?

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Does the Board describe its role in the oversight of climate-related risks and opportunities?No
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Has Wartsila Oyj Abp submitted or committed to submit to a shareholder vote (say-on-climate) its climate strategy?

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Does Wartsila Oyj Abp disclose current and / or historical waste management?

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Does Wartsila Oyj Abp disclose current and / or historical water consumption?

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Wärtsilä Oyj Abp provides technologies and lifecycle solutions for the marine and energy markets worldwide. The company's marine power portfolio includes engines, propulsion systems, hybrid technology, and integrated powertrain systems; marine systems comprising products and lifecycle services related to the gas value chain, exhaust treatment, shaft line, underwater repair, and electrical integrations; voyage solutions consists of bridge infrastructure, cloud data services, decision support systems, and smart port solutions to enable shore-to-shore visibility, as well as builds end-to-end connected digital ecosystem for shipping; and decarbonization energy services include future-fuel enabled balancing power plants, hybrid solutions, energy storage, and optimization technology, such as the GEMS energy management platform. It provides power and propulsion products, such as electrical and power systems, engines and generating sets, propulsors and gears, and shaft line solutions; gas, ballast water management, freshwater generation, waste and wastewater treatment, and exhaust treatment solutions; and voyage and fleet optimization services comprising autonomy, simulation and training, fleet optimization and safety, integrated vessel control systems, port and traffic management, and dynamic positioning services. The company also offers spare parts and field services, technical support, maintenance and repair services, lifecycle upgrades and solutions, and training services. In addition, it provides products and solutions for energy storage, and engine and hybrid power plants. The company serves merchant vessels, gas carriers, cruise and ferry, navy, and special vessels segments; offshore installations and related industry vessels and land-based gas installations; and ship owners, shipyards, and ship management companies. Wärtsilä Oyj Abp was founded in 1834 and is headquartered in Helsinki, Finland.