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

Source: NewsWeb