Wärtsilä gains recognition as a leader in sustainable solutions and CSR

21 Oct 2016, 12:00 am
Financial Nigeria

Summary

Wärtsilä emphases environmental excellence, fuel flexibility and operational efficiency.

Wärtsilä

Wärtsilä Corporation has announced its recognition and inclusion into the Ethibel PIONEER Investment Register, and its reconfirmation for inclusion in the Ethibel EXCELLENCE Investment Register. The Ethibel Pioneer and Excellence labels of Forum Ethibel, a Belgian non-profit organisation that promotes Socially Responsible Investing (SRI), are given to companies that are rated highly based on their economic, social and environmental performance.  
       
Companies that receive an A or B rating after an assessment of their ethical and sustainable investment record are eligible to be included in the Ethibel PIONEER Investment Register. These are usually companies that are leading in their industry in terms of Corporate Social Responsibility (CSR). Companies that receive A, B or C rating are included in the Ethibel EXCELLENCE Investment Register. The former label has existed since 1991, while the latter was introduced in 2004.

“Wärtsilä plays a key role in providing environmentally sound solutions and services that enable its customers to develop their businesses in a sustainable way,” Marko Vainikka, Director, Corporate Relations and Sustainability, said in a statement released on Friday. “The selection into the Ethical PIONEER Investment Register finally places us in the group of sector leaders in CSR. Once again, we will use this external recognition as additional motivation to continue our pursuit for ever more sustainable solutions and services as well as for good corporate citizenship.”

Wärtsilä provides advanced technologies and complete lifecycle solutions for the marine and energy markets, emphasising environmental excellence, fuel flexibility and operational efficiency. The Finnish company has been in operation since 1834.

Forum ETHIBEL uses the basket of companies from the Investment Register to create the Ethibel Sustainability Index. The organisation has a mission to advance Socially Responsible Investing, while increasing awareness of sustainable development by creating high-quality, visible SRI products in the market.


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