Cargotec

Cargotec's reported carbon emissions

Cargotec, a Finnish machinery and equipment company, reported total carbon emissions of approximately 897.9 million kg CO2e for 2025. This figure encompasses Scope 1, 2, and 3 emissions. In 2024, total emissions were around 1.07 billion kg CO2e, and in 2023, they stood at approximately 1.37 billion kg CO2e. Cargotec has established ambitious climate commitments. The company aims to achieve carbon neutrality in its own operations by 2030, covering Scope 1 and 2 emissions. This aligns with a broader Science Based Targets initiative (SBTi) commitment to reduce absolute greenhouse gas emissions across all three scopes by at least 50% by 2030, using a 2019 baseline. This near-term target is validated by the SBTi and is consistent with limiting global warming to 1.5°C. Further demonstrating their commitment, Cargotec has set long-term goals, including a target for low-emission equipment to achieve 90% GHG savings by 2050 compared to 2020 best-performing alternatives. The company's subsidiary, Hiab, has also set its own SBTi-validated targets, including a commitment to achieve net-zero greenhouse gas emissions across its value chain by 2050. Hiab has near-term targets to reduce its absolute Scope 1 and 2 GHG emissions by 50% by 2030 and Scope 3 emissions by 25% from a 2022 base year. They also have longer-term targets to reduce Scope 1 and 2 emissions by 90% by 2040 and Scope 3 emissions by 90% by 2050.