Cargotec Sustainability Profile
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 96 is higher than 98% 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 2024, Cargotec reported total carbon emissions of approximately 3,462,700,000 kg CO2e, comprising 13,627,000 kg CO2e from Scope 1, 4,719,000 kg CO2e from Scope 2 (market-based), and a significant 3,340,235,000 kg CO2e from Scope 3 emissions. This represents a notable increase from 2023, where total emissions were about 6,486,600,000 kg CO2e, with Scope 1 at 24,400,000 kg CO2e, Scope 2 at 9,500,000 kg CO2e (market-based), and Scope 3 at 6,486,600,000 kg CO2e. Cargotec has set ambitious climate commitments, aiming for carbon neutrality in its own operations by 2030. This target encompasses all scopes of emissions, with a specific goal to reduce absolute greenhouse gas emissions by at least 50% by 2030 from a 2019 baseline. This commitment has been validated by the Science Based Targets initiative (SBTi) and includes Scope 1, 2, and relevant Scope 3 emissions related to purchased goods and services and the use of sold products. Additionally, Cargotec is focused on developing low-emission equipment, targeting a 42% reduction in Scope 3 emissions by 2030, and a 63% reduction by 2035. The company is also committed to achieving a 90% reduction in greenhouse gas emissions from low-emission equipment by 2050 compared to the best-performing alternatives in 2020. Cargotec's headquarters is located in Finland (FI), and its climate initiatives reflect a strong alignment with global climate goals, including the Paris Agreement.
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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 | 00,000,000 |
| 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 |
How Carbon Intensive is Cargotec's Industry?
How Carbon Intensive is Cargotec's Location?
Cargotec's Scope 3 Categories Breakdown
Cargotec's Scope 3 emissions, which decreased by 48% last year and increased significantly since 2018, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 68% of Scope 3 emissions.
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Cargotec's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Cargotec has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Cargotec's sustainability data and climate commitments