Wallenius Wilhelmsen updates its progress on emissions targets
Oslo, June 30, 2022 - Wallenius Wilhelmsen (OSE: WAWI) updates its progress on
emissions targets. In 2021, the rapid rebound in cargo volumes combined with
port congestions caused the need for higher than usual sailing speeds. This
resulted in increased fuel consumption and, consequently, a shortfall in meeting
the CO2 intensity target for 2021.
In February this year, Wallenius Wilhelmsen published the Sustainability-linked
financing framework v1.0. Today, the 2021 progress report is published. The
company did not meet its targeted CO2 intensity due to higher vessel speeds as a
result of market conditions and supply-chain disruptions. The KPI result was
5.89 gCO2 per GT.nm compared to a target of 5.80.
Torbjørn Wist, CFO at Wallenius Wilhelmsen says: "The emissions shortfall does
not impact our commitment to the 2030-target in any way. We remain focused on
cutting emissions every day through the initiatives described in the Framework.
Further, the 2021 shortfall has no impact on the pricing of the issued
sustainability-linked financing."
The Framework allows Wallenius Wilhelmsen to link financing with its target to
reduce fleet weighted average CO2 intensity by 27.5 per cent from 2019 to 2030.
The first senior unsecured sustainability-linked bond under the Framework was
launched in April.
Overall, in 2021 the industry experienced supply-chain disruptions including
pandemic lockdown measures and port congestions. This negatively impacted
Wallenius Wilhelmsen's trade routes and vessel operations. The conditions caused
higher fuel consumptions as the vessels had to speed up to make up for delays.
These dynamics have continued into 2022 and we are continuously monitoring the
development.
The full progress report including a verification statement from DNV are
available on https://www.walleniuswilhelmsen.com/who-we-are/investors.
For further information, please contact:
Investor relations: Anette Orsten, VP Global Treasury & IR.
Tel: +47 980 67 912, email: anette.orsten@walwil.com
Media relations: Anette Maltun Koefoed, VP Corporate Communications.
Tel: +47 975 87 999, email: anette.maltunkoefoed@walwil.com
Pictures, please see the website Media - Wallenius Wilhelmsen
About Wallenius Wilhelmsen
The Wallenius Wilhelmsen group (OSE: WAWI) is a market leader in RoRo shipping
and vehicle logistics, transporting cars, trucks, rolling equipment and
breakbulk around the world. The company operates over 130 vessels servicing 16
trade routes to six continents, and a global inland distribution network,
processing centers, and marine terminals all over the world. The Wallenius
Wilhelmsen group consists of Wallenius Wilhelmsen Ocean, Wallenius Wilhelmsen
Solutions, EUKOR and ARC. The group is headquartered in Oslo, Norway with 8,200
employees in 29 countries worldwide.
Read more at walleniuswilhelmsen.com