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 77 is higher than 87% 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 6,486,600,000 kg CO2e, with emissions distributed across all three scopes: 24,400,000 kg CO2e (Scope 1), 33,900,000 kg CO2e (Scope 2, market-based), and 6,486,600,000 kg CO2e (Scope 3). The company has set ambitious targets to reduce its absolute greenhouse gas emissions by 50% by 2030 from a 2019 baseline, encompassing all scopes, including biogenic emissions and removals from bioenergy feedstocks. Cargotec's climate commitments include achieving carbon neutrality in its own operations by 2030, with specific initiatives such as the introduction of low-emission equipment expected to deliver a 42% reduction in greenhouse gas emissions by 2030 and a 90% reduction by 2050 compared to the best-performing alternatives in 2020. The company is also focusing on the development of electric equipment, such as the Kalmar Electric Reachstacker, to support its zero-emissions target. Cargotec's emissions data and reduction targets are sourced from Cargotec Corporation, ensuring a consistent approach to sustainability across its operations. The company is committed to aligning its strategies with science-based targets, reflecting its dedication to mitigating climate change impacts.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 20,100,000 | 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 |
| 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 |
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.
