We believe that the best way to reduce environmental risk

and cost is to be an environmental forerunner.

Staying on course

• We focus on high impact changes.
• We hold ourselves accountable and transparent in our environmental commitments.
• We exceed our responsibilities for environmental performance.
• We invest in future technologies.
• We cultivate partnership with stakeholders to develop sustainable solutions.

Committed to the U.N. Global Compact

We are committed to the notion that a sustainable supply chain means minimal environmental impacts and risks, and that progress and accountability require that we declare our objectives and measure our performance. This report details our results over the past year, and declares our commitment to the ten principles of the U.N. Global Compact.

A new reality

The lack of progress at the COP17 in Durban and the ongoing discussions around a carbon tax for shipping could give the impression that regulations are far off and unclear. The reality is quite the opposite. 2010 saw the introduction of new fuel mandates requiring the use of extra low sulphur fuel while in any EU port, and while sailing in the North Sea and Baltic ECA zones. Effective August 2012, the IMO has also officially designated waters off North American coasts as an area in which stringent international emissions standards will apply for ships. These will reduce air pollution, but also increase fuel costs significantly for all vessels.

Staying one step ahead of environmental regulations, WWL has been actively working to cut emissions and fuel consumption through investments in vessel design and technology. This will contribute to mitigating some of the increases in fuel costs, but to go further we need to work closer together with customers and partners to adjust to this new reality.

Only together can we develop the game changers that will have real impact on supply chain efficiency.

Arild B. Iversen
CEO
Wallenius Wilhelmsen Logistics