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Sustainability at Cargotec

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.

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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.

Materiality assessment

We conducted a materiality assessment in autumn 2019 to update our sustainability focus areas with feedback from the key stakeholder groups. The results of the assessment prove that climate solutions and safety remain high on the agenda. The key material topics are summarised above according to the Environment, Social and Governance (ESG) themes. There was no change in 2020 on the materiality assessment as the key topics have remained the same. 

The responses of all the stakeholder groups indicated that addressing climate change through eco-efficient, low-carbon solutions for customers is of key importance. This reflects the fact that through Cargotec’s product offering we make the greatest contribution towards mitigating climate change. Employee and product safety were also highlighted throughout the entire value chain. Cargotec has focused on the safety of its own operations and products and has set clear targets for the safety performance.

We consider good governance and practices, including efficient risk management processes, the foundation for conducting business. We promote transparent communication and uphold open dialogue with key stakeholders. The Board of Directors is committed to sustainable business practices. As an example, they discussed the climate-related matters on several occasions during 2020. We also held the annual strategy event around climate.

See GRI 102-47 for a list of the material topics mapped against GRI and SASB recognised topics and their boundaries. (add link to GRI)

The responses of all the stakeholder groups indicated that addressing climate change through eco-efficient, low-carbon solutions for customers is of key importance. This reflects the fact that through Cargotec’s product offering we make the greatest contribution towards mitigating climate change. Employee and product safety were also highlighted throughout the entire value chain. Cargotec has focused on the safety of its own operations and products and has set clear targets for the safety performance.

We consider good governance and practices, including efficient risk management processes, the foundation for conducting business. We promote transparent communication and uphold open dialogue with key stakeholders. The Board of Directors is committed to sustainable business practices. As an example, they discussed the climate-related matters on several occasions during 2020. We also held the annual strategy event around climate.

See GRI 102-47 for a list of the material topics mapped against GRI and SASB recognised topics and their boundaries. (add link to GRI)

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