Cavotec

Cavotec, headquartered in Switzerland and operating within the Other business services (74) industry, has demonstrated a commitment to reducing its carbon emissions. In 2024, the company reported total emissions of approximately 9.6 million kg CO2e, comprising approximately 307,000 kg CO2e from Scope 1, approximately 828,000 kg CO2e from Scope 2, and approximately 8.4 million kg CO2e from Scope 3. This Scope 3 figure includes significant contributions from purchased goods and services, estimated at approximately 6.6 million kg CO2e.

Looking back, in 2023, Cavotec's total emissions were approximately 1.3 million kg CO2e, with Scope 1 at approximately 286,000 kg CO2e, Scope 2 at approximately 842,000 kg CO2e, and Scope 3 at approximately 202,000 kg CO2e. Prior to this, in 2022, total emissions stood at approximately 1.6 million kg CO2e, including approximately 233,000 kg CO2e for Scope 1, 1.0 million kg CO2e for Scope 2, and 338,000 kg CO2e for Scope 3. In 2021, total emissions were approximately 1.5 million kg CO2e, with Scope 1 at approximately 243,000 kg CO2e, Scope 2 at approximately 976,000 kg CO2e, and Scope 3 at approximately 331,000 kg CO2e.

Cavotec has set ambitious reduction targets. The company aims to reduce its Scope 1 and Scope 2 emissions to near zero by the middle of this decade, specifically by 2025. Furthermore, Cavotec has committed to near-term science-based targets to reduce its carbon footprint in line with the Paris Agreement.