By conducting business in an ethical manner, sourcing responsibly and proactively aligning our business with the principles of sustainable finance, we can contribute to stable societies, fair trade and the green transition.
Cargotec works with over 2,500 direct suppliers. The biggest negative impacts in our supply chain stem from the production of steel, the extraction of raw materials and minerals as well as the use of hazardous substances in our products. Through our purchasing power, we can influence our suppliers and support them in improving their sustainability performance.
While our Business Partner Code of Conduct (BPCoC, see links in the sidebar) is designed to cover all partners, it focuses on our supply chain. The BPCoC has requirements for our partners related to, for example, health and safety, freedom of association as well as the prohibition of child and forced labour.
Our 2023 target for responsible sourcing is to have 90% of strategic suppliers complete our sustainability self-assessment and reach an improved combined average score (54% in 2022).
For more information, see Responsible sourcing in our 2022 annual report. For more details on decarbonising our supply chain, see Climate change on this site or Climate and environment in the annual report. You can find our statement on conflict minerals here.
We must also pay attention to whom we sell to. For example, we screen all our customers to ensure that we do not engage in business with customers that are on trade sanction lists. On the other hand, our solutions have great potential to create positive environmental impacts as they help customers reduce their greenhouse gas emissions and make their operations safer.
We are currently identifying what responsible sales could mean for Cargotec in the longer run and where we should focus. This work will continue in 2023.