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.
Our focus is to ensure a sustainable and high supplier base performance on the basis of QDCI (Quality, Delivery, Cost Competitiveness, Innovation). With that, we want to contribute in meeting customer expectations.
We select our suppliers with care and on the basis of objective factors, such as quality, reliability, delivery and price. Each supplier is required to comply with laws and regulations and respect the international human rights.
We have established clear sustainability criteria for our suppliers. Criteria, which include environmental, health, safety and labour practices as well as compliance aspects, are being reviewed continuously. Of the topics in our supplier assessment checklist, about 20% are related to sustainability criteria.
We have clear processes and audit programmes for supplier management and collaboration development. Auditing and managing of sustainability-related issues are currently being integrated to the standard supplier management and audit progress.