Sustainability is an enormous business prospect for Cargotec
Sustainability is an enormous business prospect for Cargotec. The future growth in our business comes from increasing demands for operational efficiency, the proliferation of lifetime solutions and from increasing cargo volumes.
We serve industries that cover the majority of the world's gross domestic product (GDP). This gives us potential to enable increased welfare globally.
Offering for eco-efficiency
We can promote global eco-efficiency with our offering, as our customers - producing a large share of global GDP and welfare but also global emissions - can limit their emissions with the use of our products.
We have introduced an offering for eco-efficiency. Products within the portfolio can benefit customers’ operational, emissions or resource efficiency. In environmental industries, our products and solutions can enhance the industry efficiency.
Our strategy guides our sustainability work
Services development and digitalisation are at the core of our strategy. As a global forerunner, we can shape the industry by driving higher sustainability standards and promoting the circular economy.
Digitalisation presents optimisation opportunities, which we believe will be vital in increasing eco-efficiency. In our expanding service business, the new business models have been built according to the principles of the circular economy.
Cargotec’s eco portfolio was established already in 2017 and it consists of products and services that enhance customers’ sustainability with tangible environmental benefits. Aligned with the objective of the EU Taxonomy regulation, the eco portfolio recognises the products and services that contribute to climate change mitigation.
Sales of the offering amounted to xx percent of total sales in 2020 (2019: 21%). For the strategy period 2019–2021, the portfolio target is to achieve double sales growth compared to traditional products by 2021. In addition, Kalmar is committed to having electric versions of its full offering available by xx.
The offering consists of equipment, software and services that meet at least one of the four portfolio criteria. The criteria is built around four themes: systems efficiency, efficiency for environmental industries, emission efficiency, and resource efficiency. All new solutions need to pass an external review process prior to inclusion in the portfolio.
Besides electrification, also automation and connectivity are considered as very promising measures to improve the efficiency of customers’ operations. We have been investing in software and digital businesses as we see digitalization will make cargo handling more efficient and there will be increasing demand for efficient solutions in the future. It will also be a major enabler for a wider societal change towards a more circular economy. Data sharing, common platforms and collaboration act as key drivers in achieving these targets and connecting industries.