Climate and nature risk scenario analysis and simulations as a business planning tool
How can WSS better integrate climate and nature risk in business development planning and more efficiently include sustainability as a factor of our future business environment?
WSS is directly exposed to climate-related risks through its transportation activities and sale of refrigerants. While ESG data quality has improved, we still struggle to understand how climate change will impact our business overall and the differences in effects between the regions we operate in globally. Current scenario analysis methods are manual, time-consuming, and costly—often relying on Excel or external consultants.
This limits the ability of ESG, product, and finance teams to move beyond compliance reporting and toward proactive sustainability planning. Without scalable simulations, WSS risks missing critical insights into future environmental, market, and regulatory developments. Globally, the absence of climate scenario analysis has been linked to significant financial exposure: for example, physical climate risks such as asset damage and productivity loss could cost the global economy up to USD 3 trillion in the near term.
We see that more time is spent reporting on sustainability than acting on it—hindering our ability to adapt, reduce our footprint, and lead responsibly.
WSS is directly exposed to climate-related risks through its transportation activities and sale of refrigerants. While ESG data quality has improved, we still struggle to understand how climate change will impact our business overall and the differences in effects between the regions we operate in globally. Current scenario analysis methods are manual, time-consuming, and costly—often relying on Excel or external consultants.
This limits the ability of ESG, product, and finance teams to move beyond compliance reporting and toward proactive sustainability planning. Without scalable simulations, WSS risks missing critical insights into future environmental, market, and regulatory developments. Globally, the absence of climate scenario analysis has been linked to significant financial exposure: for example, physical climate risks such as asset damage and productivity loss could cost the global economy up to USD 3 trillion in the near term.
We see that more time is spent reporting on sustainability than acting on it—hindering our ability to adapt, reduce our footprint, and lead responsibly.
WSS is directly exposed to climate-related risks through its transportation activities and sale of refrigerants. While ESG data quality has improved, we still struggle to understand how climate change will impact our business overall and the differences in effects between the regions we operate in globally. Current scenario analysis methods are manual, time-consuming, and costly—often relying on Excel or external consultants.
This limits the ability of ESG, product, and finance teams to move beyond compliance reporting and toward proactive sustainability planning. Without scalable simulations, WSS risks missing critical insights into future environmental, market, and regulatory developments. Globally, the absence of climate scenario analysis has been linked to significant financial exposure: for example, physical climate risks such as asset damage and productivity loss could cost the global economy up to USD 3 trillion in the near term.
We see that more time is spent reporting on sustainability than acting on it—hindering our ability to adapt, reduce our footprint, and lead responsibly.
WSS is directly exposed to climate-related risks through its transportation activities and sale of refrigerants. While ESG data quality has improved, we still struggle to understand how climate change will impact our business overall and the differences in effects between the regions we operate in globally. Current scenario analysis methods are manual, time-consuming, and costly—often relying on Excel or external consultants.
This limits the ability of ESG, product, and finance teams to move beyond compliance reporting and toward proactive sustainability planning. Without scalable simulations, WSS risks missing critical insights into future environmental, market, and regulatory developments. Globally, the absence of climate scenario analysis has been linked to significant financial exposure: for example, physical climate risks such as asset damage and productivity loss could cost the global economy up to USD 3 trillion in the near term.
We see that more time is spent reporting on sustainability than acting on it—hindering our ability to adapt, reduce our footprint, and lead responsibly.
What you need to know about us
Wilhelmsen Ships Service (WSS) is part of the Wilhelmsen Group, a family-owned maritime conglomerate with roots dating back to 1861. The company is headquartered in Lysaker, but all operations are global. WSS operates the world’s largest maritime network, delivering over 225,000 shipments annually across 2,200 ports. The company serves around 50% of the global merchant fleet and supports more than 27,000 vessels each year. With around 1,300 employees world-wide, WSS offers a wide range of products and services for vessels in operation, dry dock, or under construction. These include maintenance chemicals, industrial gases, mooring ropes, and other critical supplies.
WSS’s customer base is diverse and global, with varying preferences and procurement patterns. The maritime sector, which handles 80% of global trade, is central to the world economy and increasingly influenced by ESG considerations. WSS emphasizes sustainability, highlighting shipping’s lower CO₂ emissions compared to other transport modes.
What you need to know about us
Wilhelmsen Ships Service (WSS) is part of the Wilhelmsen Group, a family-owned maritime conglomerate with roots dating back to 1861. The company is headquartered in Lysaker, but all operations are global. WSS operates the world’s largest maritime network, delivering over 225,000 shipments annually across 2,200 ports. The company serves around 50% of the global merchant fleet and supports more than 27,000 vessels each year. With around 1,300 employees world-wide, WSS offers a wide range of products and services for vessels in operation, dry dock, or under construction. These include maintenance chemicals, industrial gases, mooring ropes, and other critical supplies.
WSS’s customer base is diverse and global, with varying preferences and procurement patterns. The maritime sector, which handles 80% of global trade, is central to the world economy and increasingly influenced by ESG considerations. WSS emphasizes sustainability, highlighting shipping’s lower CO₂ emissions compared to other transport modes.
What you need to know about us
Wilhelmsen Ships Service (WSS) is part of the Wilhelmsen Group, a family-owned maritime conglomerate with roots dating back to 1861. The company is headquartered in Lysaker, but all operations are global. WSS operates the world’s largest maritime network, delivering over 225,000 shipments annually across 2,200 ports. The company serves around 50% of the global merchant fleet and supports more than 27,000 vessels each year. With around 1,300 employees world-wide, WSS offers a wide range of products and services for vessels in operation, dry dock, or under construction. These include maintenance chemicals, industrial gases, mooring ropes, and other critical supplies.
WSS’s customer base is diverse and global, with varying preferences and procurement patterns. The maritime sector, which handles 80% of global trade, is central to the world economy and increasingly influenced by ESG considerations. WSS emphasizes sustainability, highlighting shipping’s lower CO₂ emissions compared to other transport modes.
What you need to know about us
Wilhelmsen Ships Service (WSS) is part of the Wilhelmsen Group, a family-owned maritime conglomerate with roots dating back to 1861. The company is headquartered in Lysaker, but all operations are global. WSS operates the world’s largest maritime network, delivering over 225,000 shipments annually across 2,200 ports. The company serves around 50% of the global merchant fleet and supports more than 27,000 vessels each year. With around 1,300 employees world-wide, WSS offers a wide range of products and services for vessels in operation, dry dock, or under construction. These include maintenance chemicals, industrial gases, mooring ropes, and other critical supplies.
WSS’s customer base is diverse and global, with varying preferences and procurement patterns. The maritime sector, which handles 80% of global trade, is central to the world economy and increasingly influenced by ESG considerations. WSS emphasizes sustainability, highlighting shipping’s lower CO₂ emissions compared to other transport modes.