Cargotec

Cargotec, a Finnish machinery and equipment company, reported total carbon emissions of approximately 897.9 million kg CO2e in 2025. This includes about 12.6 million kg CO2e from Scope 1 emissions, 2.5 million kg CO2e from Scope 2 market-based emissions, and approximately 882.8 million kg CO2e from Scope 3 emissions. Key contributors to Scope 3 emissions in 2025 were use of sold products (503.2 million kg CO2e) and purchased goods and services (318.3 million kg CO2e).

Looking back, Cargotec's total emissions were approximately 1.067 billion kg CO2e in 2024, approximately 1.367 billion kg CO2e in 2023, and approximately 1.381 billion kg CO2e in 2022.

Cargotec has set ambitious climate commitments validated by the Science Based Targets initiative (SBTi). The company commits to achieving carbon neutrality in its own operations (Scope 1 and Scope 2) by 2030. Furthermore, Cargotec aims to reduce absolute Scope 1, 2, and 3 greenhouse gas emissions by 50% by 2030 from a 2019 base year, aligning with a 1.5°C climate ambition. For its Hiab business unit, there are near-term targets to reduce absolute Scope 1 and 2 GHG emissions by 50% by 2030 from a 2022 base year, and Scope 3 GHG emissions by 25% within the same timeframe. Hiab also commits to achieving net-zero greenhouse gas emissions across the value chain by 2050, with long-term targets including a 90% reduction in absolute Scope 1 and 2 GHG emissions by 2040 and a 90% reduction in absolute Scope 3 GHG emissions by 2050, both from a 2022 base year.