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 sustainability work is based on a holistic and balanced approach considering the aspects of environment, people and society, and governance. By being a 1.5 degree company, Cargotec strives 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.
We support the European Green Deal that aims to transform the EU into a fair and prosperous society. With our purpose, smarter cargo flow for a better everyday, Cargotec drives resource efficiency in our industry, in order to reach a low-carbon economy and thus turning the environmental challenges into opportunities. Our climate ambition can only be achieved via inclusive cooperation with all the participants in the value chain and the COVID-19 pandemic has only highlighted the importance of partnerships. Making the transition just and inclusive for all, ties the social and good governance aspects to our climate ambition.
During 2020, sustainability has become a higher priority than ever before. We have worked intensively on our climate ambition to align our operations with the most ambitious goal of the Paris Agreement. 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 the future generations, it is our obligation to act on climate now.
We take responsibility for the environment throughout our value chain
Climate change and greenhouse gas emissions is our key focus area 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 technologies that enable greenhouse gas emissions avoidance and reductions in other sectors, like the logistics sector, is pivotal in the transition to a low-carbon economy. Cargo handling solutions are essential in ports, on vehicles and vessels. Our products and solutions are necessary to keep modern society running, as the continuous cargo flow secures wellbeing. Cargotec has a great potential to reduce the emissions of its customers. Moreover, our intelligent solutions are an enabler for a wider societal change towards a more circular economy.
Cargotec’s eco portfolio consists of eco-efficient solutions that enhance customers’ sustainability with tangible environmental benefits. Read more about our eco portfolio in xxx.
We operate in an ethical and safe manner and develop our employees
We realise that successful and sustainable business is not only about what we do but also about how we do things. Safety and ethical conduct are high on our agenda. Cargotec is dedicated to protect the safety and wellbeing in all our operations and also through our products, services and solutions. Safety being our priority became evident also during the COVID-19 pandemic when all possible measures were taken to keep the employees safe. We want to operate in an ethical manner and take concerns of misconduct seriously. We promote a speak-up culture and awareness of the reporting channels, including the Speak-Up line, through a variety of means.
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. We provide employees with suitable training e.g. via the new LEARN platform
We promote good corporate governance and respect our shareholders
We consider good governance and practices, including efficient risk management processes, the foundation for conducting business. The integrity culture of Cargotec starts from the top management. The spirit of our compliance work is best captured by words honesty, transparency and integrity. Perhaps most important of all, this value of integrity— the quality of upholding strong moral principles—has come to comprise Cargotec’s culture due in part to strong encouragement from management.
Cargotec signed the UN Global Compact in 2007. The Global Compact is a call for companies to align their strategy and operations with ten principles on human rights, labour, environment and anti-corruption. The UN Global Compact is advancing the business contribution on Sustainable Development Goals (SDGs). SDGs are a set of 17 goals that target achieving prosperity for the people and the planet by 2030. Companies have an important role to play since the goals cannot be reached with the actions of the public sector alone. We firmly believe that with our ambition of being the leader in intelligent cargo handling, we are in a position to advance especially the six goals marked on the previous page.