Cargotec

Cargotec's reported carbon emissions

Cargotec, a leading Finnish machinery and equipment company, has established significant climate commitments and is actively reporting its carbon emissions. **Carbon Emissions Overview:** * **2025:** Total emissions were approximately 897,900,000 kg CO2e. This comprised Scope 1 emissions of about 12,600,000 kg CO2e, Scope 2 market-based emissions of roughly 2,500,000 kg CO2e, and substantial Scope 3 emissions totalling approximately 882,800,000 kg CO2e. Key contributors to Scope 3 include purchased goods and services (approximately 318,300,000 kg CO2e) and the use of sold products (around 503,200,000 kg CO2e). * **2024:** Total emissions stood at approximately 1,066,800,000 kg CO2e. Scope 1 emissions were about 9,700,000 kg CO2e, Scope 2 market-based emissions were around 2,800,000 kg CO2e, and Scope 3 emissions were approximately 1,054,300,000 kg CO2e. The use of sold products was the largest contributor to Scope 3 at about 655,500,000 kg CO2e, followed by purchased goods and services at approximately 337,100,000 kg CO2e. * **2023:** Total emissions amounted to approximately 1,366,900,000 kg CO2e. This included Scope 1 emissions of about 9,900,000 kg CO2e, Scope 2 market-based emissions of roughly 2,900,000 kg CO2e, and Scope 3 emissions totalling approximately 1,354,100,000 kg CO2e. The use of sold products accounted for approximately 884,300,000 kg CO2e of Scope 3 emissions, with purchased goods and services contributing around 397,600,000 kg CO2e. * **2022:** Total emissions were approximately 1,381,300,000 kg CO2e. Scope 1 emissions were about 10,800,000 kg CO2e, Scope 2 market-based emissions were around 4,700,000 kg CO2e, and Scope 3 emissions reached approximately 1,365,800,000 kg CO2e. The use of sold products represented the largest portion of Scope 3 emissions at about 947,200,000 kg CO2e, while purchased goods and services contributed approximately 344,400,000 kg CO2e. * **2021:** Total emissions were approximately 5,577,500,000 kg CO2e. Scope 1 emissions were around 21,300,000 kg CO2e, Scope 2 market-based emissions were approximately 20,200,000 kg CO2e, and Scope 3 emissions totalled about 5,577,500,000 kg CO2e. The use of sold products was the most significant contributor to Scope 3, at approximately 3,633,900,000 kg CO2e, followed by purchased goods and services at around 1,733,800,000 kg CO2e. * **2020:** Total emissions were approximately 5,091,900,000 kg CO2e, with Scope 1 at about 21,300,000 kg CO2e, Scope 2 market-based at roughly 21,000,000 kg CO2e, and Scope 3 at approximately 5,091,900,000 kg CO2e. The use of sold products (around 3,412,700,000 kg CO2e) and purchased goods and services (approximately 1,197,800,000 kg CO2e) were the primary drivers of Scope 3 emissions. * **2019:** Total emissions were approximately 5,682,546,000 kg CO2e. Scope 1 emissions were about 22,000,000 kg CO2e, Scope 2 market-based emissions were around 28,200,000 kg CO2e, and Scope 3 emissions reached approximately 5,682,546,000 kg CO2e. The use of sold products was the largest Scope 3 category at around 3,990,358,000 kg CO2e, followed by purchased goods and services at approximately 1,530,339,000 kg CO2e. * **2018:** Scope 1 emissions were approximately 20,100,000 kg CO2e, and Scope 2 market-based emissions were about 28,100,000 kg CO2e. Scope 3 emissions totalled approximately 145,000,000 kg CO2e, with upstream transportation and distribution being the largest component at around 120,000,000 kg CO2e. **Climate Commitments and Targets:** Cargotec has committed to ambitious climate targets, aligning with scientific consensus. A key commitment is to achieve carbon neutrality in its own operations by 2030. This aligns with their validation by the Science Based Targets initiative (SBTi) for a 1.5°C climate ambition. Specifically, Cargotec has set a target to reduce greenhouse gas emissions across all three scopes by at least 50% by 2030, compared to a 2019 baseline. This target encompasses Scope 1 and 2 (market-based) emissions, as well as Scope 3 emissions related to purchased goods and services (excluding indirect procurement) and the use of sold products. Furthermore, the company's subsidiary, Hiab, has its own science-based targets. By 2030, Hiab aims to reduce absolute Scope 1 and 2 greenhouse gas emissions by 50% from a 2022 base year, with a corresponding 25% reduction in absolute Scope 3 emissions within the same timeframe. Looking further ahead, Hiab is committed to achieving net-zero greenhouse gas emissions across its value chain by 2050. This long-term vision includes targets to reduce absolute Scope 1 and 2 emissions by 90% by 2040 and absolute Scope 3 emissions by 90% by 2050, all from a 2022 baseline.