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Sustainability at Cargotec

Sustainability is an enormous business prospect for Cargotec.

Cargotec’s sustainability work is based on a holistic and balanced approach, taking into account the aspects of environment, people and society, and governance. By being a 1.5 degree company, we strive to create value for all stakeholders. We sense the urgency of climate action and consider the transformation towards a sustainable world as a major phenomenon that will change the whole industry.

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We support transformation into a fair and prosperous society. With our purpose – smarter cargo flow for a better everyday – we drive resource efficiency in our industry, in order to reach a low-carbon economy and thus turn environmental challenges into opportunities. Our climate ambition can only be achieved via inclusive cooperation with all the participants in the value chain. Making the transition just and inclusive for all ties the social and good governance aspects into our climate ambition.

The consequences of climate change are not only environmental, but there are also significant financial and social impacts. To ensure financial stability and global wellbeing also for future generations, it is our obligation to act on climate now.

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We are committed to the United Nations Global Compact’s Business Ambition for 1.5°C, in a promise to pursue science-based measures to limit global temperature rise to 1.5°C. Managing and mitigating climate change is the greatest challenge of our time and we sense the urgency of immediate climate action. 

We are currently facing more pressure than ever to transform the industry towards a low-carbon economy. We consider the transformation towards a sustainable world as a major phenomenon that will have an impact on how we do business. The consequences of climate change are not only environmental, but there are also significant financial and social impacts. To ensure financial stability and global wellbeing also for future generations, it is our obligation to act on climate now. 

With our purpose – smarter cargo flow for a better everyday – we drive resource efficiency in our industry to reach a low-carbon economy and thus turn environmental challenges into business opportunities. Our climate ambition can only be achieved via inclusive cooperation with all participants in the value chain. We constantly seek to improve engagement with our stakeholders, as this enables us to identify more opportunities to create value for them. Making the transition just and inclusive for all ties social and good governance aspects into our climate ambition.

 

We take the environment into consideration throughout our value chain 

Climate change mitigation and the reduction of 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 solutions that enable avoiding or reducing greenhouse gas emissions in other sectors (the transportation sector, for example) is pivotal in the transition towards a low-carbon economy. 

Cargo handling solutions are essential in ports, on trucks and on vessels. As the wellbeing of people is dependent on uninterrupted cargo flows, our products and solutions are necessary to keep modern society running. Global trade is expected to increase in the future and Cargotec has great potential in supporting its customers to more efficient and cleaner business processes. 

 

We operate in an ethical and safe manner and develop our employees and suppliers 

We realise that a successful and sustainable business is not only about what we do, but also about how we do things. We want to be a responsible employer with high ethical working practices, promoting equal opportunities and ensuring a safe work environment for all. Cargotec is dedicated to protecting safety and wellbeing within our operations, but also through our products, services and solutions. We are a knowledge and engineering company, and our employees are an integral part of our competitiveness.

In a complex and ever-changing world, we trust our people to be the key in creating customer value through innovation, experimentation, learning and adapting new skills .

Identifying and selecting good suppliers is the basis for our responsible sourcing process . We expect all our suppliers to acknowledge our supplier code of conduct that sets the standards for conducting sustainable business . Respecting human rights and good working conditions throughout the complete value chain is a crucial part of how we do business .

 

We promote good corporate governance and respect our stakeholders 

We consider good governance practices, including efficient risk management processes, the foundation for conducting business. Cargotec’s culture of integrity starts at the top. The spirit of our compliance work is best captured by the words ‘integrity’ and ‘transparency’. The Code of Conduct is the foundation of our corporate culture and establishes high ethical standards on how we do business on a daily basis. Most important of all, through strong management commitment, the value of integrity – the quality of upholding strong moral principles – has become a part of Cargotec’s culture . 

We acknowledge that successful and sustainable business is also about how we interact with each other and the world around us. We want to be a trusted partner – to our customers, shareholders and the communities where we operate.

Cargotec signed the UN Global Compact in 2007. The Global Compact is a call for companies to align their strategy and operations with 10 principles on human rights, labour, environment and anti-corruption . The UN Global Compact helps businesses contribute towards the Sustainable Development Goals (SDGs). The SDGs are a set of 17 goals that target achieving prosperity for the people and the planet by 2030. Since these goals cannot be reached with only the actions of the public sector, companies have an important role to play. Consequently, our top priority is to minimise our negative operational impacts while aiming to optimise the positive ones.

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