Wartsila Oyj Abp

Country
Finland
Sector
Industrials
Industry
Specialty Industrial Machinery
Employees
18,753
Ticker
WRT1V
Exchange
NASDAQ HELSINKI LTD
Description
Wärtsilä Oyj Abp is a Finnish industrial group specializing in advanced technologies and complete lifecycle solutions for the marine and energy markets. Founded in 1834 and headquartered in Helsinki, ...

Wartsila Oyj Abp's GHG Emissions Data Preview

In 2024, Wartsila Oyj Abp completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Wartsila Oyj Abp has also provided a category-level breakdown for 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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0000000
Total Scope 2
Market-Based
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b
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0000000
Location-Based
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b
0000000
Total Scope 3
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b
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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0000000
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Verified Sources Behind Wartsila Oyj Abp’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Wartsila Oyj Abp’s data sources below and access millions more through our Disclosure Search.

a. Wartsila Oyj Abp's Annual Report 2024
a. Wartsila Oyj Abp's Annual Report 2024
b. Wartsila Oyj Abp's Annual Report 2023
b. Wartsila Oyj Abp's Annual Report 2023
c. Wartsila Oyj Abp's Annual Report 2022
c. Wartsila Oyj Abp's Annual Report 2022

Insights into Wartsila Oyj Abp's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Wartsila Oyj Abp amounted to 56,915 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Wartsila Oyj Abp decreased by 8.6%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a b

Wartsila Oyj Abp's Scope 1 Emissions Over Time

2018201920202021202220232024015 k30 k45 k60 ktCO2e-6%-6%+3%-15%-12%-10%
  • Total Scope 1
  • Year-over-Year Change

What are Wartsila Oyj Abp's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Wartsila Oyj Abp were 37,066 metric tons of CO₂ equivalent (tCO₂e). a

Has Wartsila Oyj Abp reduced its Scope 1 emissions over time?

Since 2018, Wartsila Oyj Abp's Scope 1 emissions have decreased by 38.17%, reflecting a declining long-term trend in Scope 1 emissions over time. a c

Compared to the previous year (2023), Wartsila Oyj Abp's Scope 1 emissions decreased by 9.63%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a b

What are Wartsila Oyj Abp's Scope 2 emissions?

In 2024, Wartsila Oyj Abp reported Scope 2 greenhouse gas (GHG) emissions of 12,771 tCO₂e using the market-based method and 19,849 tCO₂e using the location-based method. a

Has Wartsila Oyj Abp reduced its Scope 2 emissions over time?

Since 2018, Wartsila Oyj Abp's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 58.08%, reflecting a declining long-term trend in Scope 2 emissions over time. a c

Compared to the previous year (2023), Wartsila Oyj Abp's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Wartsila Oyj Abp 's emissions have plateaued with no significant change in its energy consumption footprint. a b

What methodology does Wartsila Oyj Abp use for Scope 2 reporting?

In 2024, Wartsila Oyj Abp reported its Scope 2 emissions using the market-based method and using the location-based method. a

Wartsila Oyj Abp's Scope 2 Emissions Over Time

2018201920202021202220232024020 k40 k60 k80 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Wartsila Oyj Abp's Value Chain Emissions

In 2024, Wartsila Oyj Abp reported 88,938,000 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2024 disclosure of Wartsila Oyj Abp includes a breakdown across 5 of the 15 Scope 3 categories defined by the GHG Protocol, up from 4 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chain a

Wartsila Oyj Abp's Scope 3 Emissions Over Time

2018201920202021202220232024025 M50 M75 M100 MtCO2e-21%+714%+8%+37%+4%+4307%
  • Total Scope 3
  • Year-over-Year Change

What are Wartsila Oyj Abp's Scope 3 emissions?

In 2024, Wartsila Oyj Abp reported total Scope 3 emissions of 88,938,000 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 2.42% of these emissions originated from upstream activities such as purchased goods and capital goods, while 97.58% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Wartsila Oyj Abp reduced its Scope 3 emissions over time?

Since 2018, Wartsila Oyj Abp's Scope 3 emissions have increased by 43,475.7%, reflecting a rising long-term trend in Scope 3 emissions over time. a c

Compared to the previous year (2023), Wartsila Oyj Abp's Scope 3 emissions increased by 4,307.45%, suggesting that the company faced challenges in reducing emissions across its value chain. a b

What categories of Scope 3 emissions does Wartsila Oyj Abp disclose?

In 2024, Wartsila Oyj Abp reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol. a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Wartsila Oyj Abp's Scope 3 emissions?

In 2024, the largest contributors to Wartsila Oyj Abp's Scope 3 emissions were: a

  • Use of Sold Products (Cat. 11): 86,786,000 tCO₂e (97.58%)
  • Purchased Goods and Services (Cat. 1): 2,008,600 tCO₂e (2.26%)
  • Upstream Transportation and Distribution (Cat. 4): 82,900 tCO₂e (0.09%)

Wartsila Oyj Abp's Scope 3 Emissions by Categories

Use of Sold Products(Cat. 11)(97.6%)Purchased Goods andServices (Cat. 1)(2.3%)

Insights into Wartsila Oyj Abp’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Wartsila Oyj Abp reported Scope 1 greenhouse gas (GHG) emissions of 37,066 tCO₂e and total revenues of USD 6,711 millions. This translates into an emissions intensity of 5.52 tCO₂e per millions USD. a

Wartsila Oyj Abp's Scope 1 Emissions Intensity Compared to Peers

1001,00010,000100,000500,000Scope 1 Emissions (tCO2e)505005,00050,000500,000Revenues (Millions of USD)VZhefu Holding GroupYear: 2023Scope 1: 197,105 tCO2eRevenue: $M 2,666Scope 1 Intensity: 73.92 tCO2e/$MVVVAT GroupYear: 2024Scope 1: 1,449 tCO2eRevenue: $M 1,040Scope 1 Intensity: 1.39 tCO2e/$MChart IndustriesYear: 2024Scope 1: 19,844 tCO2eRevenue: $M 4,160Scope 1 Intensity: 4.77 tCO2e/$MFlowserveYear: 2023Scope 1: 15,570 tCO2eRevenue: $M 4,321Scope 1 Intensity: 3.60 tCO2e/$MValmetYear: 2024Scope 1: 20,395 tCO2eRevenue: $M 5,577Scope 1 Intensity: 3.66 tCO2e/$MShanghai Electric GroupYear: 2024Scope 1: 86,106 tCO2eRevenue: $M 15,920Scope 1 Intensity: 5.41 tCO2e/$MWatts Water TechnologiesYear: 2024Scope 1: 10,712 tCO2eRevenue: $M 2,252Scope 1 Intensity: 4.76 tCO2e/$MJungheinrichYear: 2024Scope 1: 49,600 tCO2eRevenue: $M 5,611Scope 1 Intensity: 8.84 tCO2e/$MPentairYear: 2024Scope 1: 35,157 tCO2eRevenue: $M 4,083Scope 1 Intensity: 8.61 tCO2e/$MTrelleborgYear: 2024Scope 1: 34,424 tCO2eRevenue: $M 3,101Scope 1 Intensity: 11.10 tCO2e/$MHyosung Heavy IndustriesYear: 2024Scope 1: 14,607 tCO2eRevenue: $M 3,336Scope 1 Intensity: 4.38 tCO2e/$MIMIYear: 2024Scope 1: 10,535 tCO2eRevenue: $M 2,773Scope 1 Intensity: 3.80 tCO2e/$MRegal RexnordYear: 2024Scope 1: 61,149 tCO2eRevenue: $M 6,034Scope 1 Intensity: 10.13 tCO2e/$MKoneYear: 2024Scope 1: 112,500 tCO2eRevenue: $M 11,549Scope 1 Intensity: 9.74 tCO2e/$MIDEXYear: 2024Scope 1: 17,116 tCO2eRevenue: $M 3,269Scope 1 Intensity: 5.24 tCO2e/$MITTYear: 2023Scope 1: 32,312 tCO2eRevenue: $M 3,283Scope 1 Intensity: 9.84 tCO2e/$MRauteYear: 2023Scope 1: 365 tCO2eRevenue: $M 161Scope 1 Intensity: 2.27 tCO2e/$MGlaston Oyj AbpYear: 2023Scope 1: 552 tCO2eRevenue: $M 243Scope 1 Intensity: 2.27 tCO2e/$MSchindler HoldingYear: 2024Scope 1: 131,225 tCO2eRevenue: $M 12,408Scope 1 Intensity: 10.58 tCO2e/$MDoosan EnerbilityYear: 2024Scope 1: 196,452 tCO2eRevenue: $M 11,063Scope 1 Intensity: 17.76 tCO2e/$MRockwell AutomationYear: 2024Scope 1: 26,604 tCO2eRevenue: $M 8,264Scope 1 Intensity: 3.22 tCO2e/$MVestas Wind SystemsYear: 2024Scope 1: 104,000 tCO2eRevenue: $M 134,315Scope 1 Intensity: 0.77 tCO2e/$MIHIYear: 2024Scope 1: 57,951 tCO2eRevenue: $M 8,733Scope 1 Intensity: 6.64 tCO2e/$MSandvikYear: 2024Scope 1: 81,000 tCO2eRevenue: $M 11,150Scope 1 Intensity: 7.26 tCO2e/$MWartsila Oyj AbpYear: 2024Scope 1: 37,066 tCO2eRevenue: $M 6,711Scope 1 Intensity: 5.52 tCO2e/$M

How does Wartsila Oyj Abp's GHG emissions intensity compare to its peers?

In 2024, Wartsila Oyj Abp reported a Scope 1 emissions intensity of 5.52 tCO₂e per millions USD. Compared to the peer group median of 5.32 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Wartsila Oyj Abp rank on GHG emissions intensity within its industry?

In 2024, Wartsila Oyj Abp ranked 14 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

Wartsila Oyj Abp is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

Insights into Wartsila Oyj Abp's Total Carbon Footprint

In 2024, Wartsila Oyj Abp reported a total carbon footprint of 88,994,915 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 4,178.26% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a b

The largest contributor to Wartsila Oyj Abp's total carbon footprint was Scope 3 emissions, accounting for 99.94% of the company's total carbon footprint, followed by Scope 1 emissions at 0.04%. a

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