As part of our commitment to sustainability best practice, we started participating in the EcoVadis sustainability assessment in 2020, and this year we celebrate our move to silver medal status. "This is excellent external validation of our sustainability progress over the past 12 months," says Jon Spampinato, senior manager global sustainability at Wallenius Wilhelmsen.

Designed to evaluate how well a company has integrated the principles of sustainability into its business and management system, the EcoVadis assessment scores businesses between 0-100 across 21 indicators in four categories - environment; labour and human rights; ethics; sustainable procurement.

Our improved score of 56 compared to last year's score of 42 is a result of several new systems and processes we introduced in 2021, such as developing our own Sustainable Procurement Policy and Supplier Code of Conduct to identify and manage the ESG risks in our supplier base; further implementing the recommendations of the Taskforce on Climate-related Financial Disclosure (TCFD); adopting an ambitious carbon reduction target of -27.5% and developing an Emissions and Energy Management team.

In addition, we linked ESG goals to the remuneration of senior management; joined the UN Global Compact and started reporting to CDP; and adopted the Sustainability Accounting Standards Board (SASB) standards for our annual Sustainability Report.

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Wallenius Wilhelmsen ASA published this content on 02 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 February 2022 10:28:02 UTC.