Sustainability is an enormous business prospect for Cargotec. We are a knowledge and engineering company, and our employees are an integral part of our competitiveness. We trust our people are the key in creating customer value through innovation, experimentation, learning and adapting new
skills in a complex and ever changing world.
Safety, wellbeing, working conditions, and human rights are seen as the most material topics in terms of social and employee matters. Safety covers employee, supplier and subcontractor safety as well as the safety of our products and services.
Our climate ambition work helps us and our customers to become more sustainable.
Our governance structure and practices are the foundation for conducting business.
We promote high safety levels and work continuously towards zero accident level in all our operations and also through our products, services and solutions. Our employees are trained to operate in a safe manner. Our motto is to put safety first and we strive to ensure the wellbeing of our employees, which has become even more important over the past year, with the COVID-19 pandemic bringing additional focus on health and safety. We follow the recommendations of the authorities across our global organization, fulfilling all legal requirements and also sharing best practices between the different units, to ensure the health and safety of our employees, partners and customers.
Safety performance is monitored primarily with the industrial injury frequency trend (IIFR, number of injuries per million hours worked). The assembly sites’ IIFR target for 2020 was 5, and the rate achieved was 3.4 (2019: 7.0), while the non-assembly site IIFR rate was at 6.2 (2019: 6.8). The Cargotec total IIFR improved to 5.2 (2019: 6.9). We have set a new IIFR target for 2021 to have a rate of 5 across the whole organisation, now also including the non-assembly units. Currently the safety figures cover our own employees and external contractors, excluding subcontractors due to missing working hours information. We have in our long- term plans the intention to also include subcontractor and supplier safety.
Read more about our safety journey during the last years here.