Environmental capital expenditure and operating costs are difficult to separate from normal operating costs in our operating environment. It is equally difficult to define capital expenditure as an exclusively environmental investment or as a machine or equipment investment in the production process.
Concerning Wärtsilä’s operations, we have defined expenditures as environmental expenditures if they are related to soil, water and air pollution control, waste management, environmental management or noise control.
Wärtsilä’s real estate and environmental liabilities
The real estate that Wärtsilä owns is mainly located in urban areas. The company is not aware of any properties that are situated in areas where biodiversity could be endangered. Environmental risks and liabilities are identified and reviewed as a part of overall risk management. In Wärtsilä’s operations, potential liabilities are primarily related to the company’s real estate. Environmental liabilities are systematically scrutinized in conjunction with every acquisition or sale of real estate. Wärtsilä has recognized certain cases where potential environmental liabilities may exist but these are not expected to have a significant financial impact on Wärtsilä.
Environmental capital expenditures and operating expenses
| MEUR |
2007
|
2006
|
2005
|
2004
|
2003
|
| Environmental capital expenditures |
2.5
|
1.8
|
2.5
|
2.8 |
2.1
|
| Environmental operating expenses |
4.1
|
3.5
|
3.0
|
2.8 |
4.9
|
