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Environment

Sustainability is an enormous business prospect for Cargotec. Climate change and greenhouse gas emissions are our key focus areas within the environment theme. The logistics industry is causing a significant share of the global emissions. At Cargotec, this challenge is actually perceived as a business opportunity. Manufacturing products and technologies that enable avoiding or reducing greenhouse gas emissions in other sectors (the logistics sector, for example) is pivotal in the transition towards a low-carbon economy.

 

Our 1.5°C climate ambition is a response to the increasing concerns about the severe consequences of a failure to limit global warming.

Cargotec is committed to the United Nations Global Compact’s Business Ambition for 1.5°C, along with leading companies in a promise to pursue science-based measures to limit global temperature rise to 1.5°C. By making this commitment, Cargotec strives to mitigate climate change through making the logistics industry more efficient and in developing solutions to enable a low-carbon economy. Our greenhouse gas emission target is validated by the Science Based Targets initiative.

Our emission accounting follows the GHG Protocol’s Corporate Accounting and Reporting Standards. Our carbon footprint comprises all the three emission scopes. 

  • Scope 1 covers direct emissions from an organisation’s owned or controlled sources. 
  • Scope 2 covers indirect emissions from the generation of purchased electricity, steam, heating and cooling consumed by an organisation. 
  • Scope 3 includes all of the indirect emissions (not included in Scope 2) that occur in the value chain of the organisation, including both upstream and downstream emissions.

The greenhouse gas emissions inventory showed that the impact of our own operations (Scope 1+2) is minor compared to our value chain emissions. A significant share of our total emissions come from the use of sold products due to long lifetimes and diesel engines, with purchased goods and services as the second largest category. In fact, the use of sold products and purchased goods and services represent more than 95 percent of all of Cargotec’s Scope 3 emissions.

To promote sustainability and climate change awareness throughout our organisation we launched a Climate Enthusiasts tribe. The tribe has increased the awareness and expertise on the climate topics across the group as well as enhanced networking. It has been a place for enthusiastic people to share opinions and generate ideas that would help the organisation achieve the ambitiously set targets.

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