Cargotec
Cargotec Corporation, commonly referred to as Cargotec, is a leading Finnish company headquartered in Helsinki, Finland (FI). Founded in 2003, Cargotec has established itself as a key player in the logistics and cargo handling industry, with a strong presence in Europe, Asia, and North America. The company focuses on innovative solutions in cargo and load handling, primarily through its well-known brands, Kalmar, Hiab, and MacGregor. Cargotec's core offerings include container handling equipment, marine cargo solutions, and on-road load handling systems, all designed to enhance efficiency and sustainability in logistics operations. With a commitment to technological advancement, Cargotec has achieved significant milestones, including numerous industry awards for innovation. As a market leader, Cargotec continues to shape the future of cargo handling, driving progress in the global supply chain.
DitchCarbon Score
How does Cargotec's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Machinery and Equipment industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Cargotec's score of 92 is higher than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Cargotec's reported carbon emissions
In 2023, Cargotec reported total greenhouse gas emissions of approximately 6,520,500,000 kg CO2e. This figure includes 10,906,000 kg CO2e from Scope 1 emissions, 2,501,000 kg CO2e from Scope 2 emissions (market-based), and a significant 1,372,371,000 kg CO2e from Scope 3 emissions. The company has set an ambitious target to reduce its absolute Scope 1, 2, and 3 greenhouse gas emissions by 50% by 2030, using 2019 as the base year. This commitment includes biogenic emissions and removals from bioenergy feedstocks, aligning with the Science Based Targets initiative (SBTi) to limit global warming to 1.5°C. Cargotec's emissions have fluctuated over the years, with total emissions reaching approximately 6,256,300,000 kg CO2e in 2022, 5,619,000,000 kg CO2e in 2021, and 5,572,200,000 kg CO2e in 2019. The company is actively working towards its reduction goals, demonstrating a commitment to sustainability and climate responsibility within the electrical equipment and machinery sector.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 20,100,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 2 | 28,100,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 145,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Cargotec is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
