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European Climate Pact

Overview

Location

Finland

Sector

Capital goods

Organisation type
Business

Company Information

Cargotec is a provider of cargo and load handling solutions. The company is headquarted in Helsinki, Finland and has reported 11,000 employees and 3.3 billion turnover in 2021.

Our progress towards decarbonization

 

GHG Emissions

North Star

  • Cargotec Corporation has a target to reduce absolute scope 3 CO2e emissions 50% by 2030 from a base year of 2019

Pledge: Have an officially validated short-medium term science-based GHG emissions reduction targets aligned with a 1.5°C scenario (scope 1+2) in line with the SBTi Criteria and Recommendations

MRV: Pact MRV in place

Status date: Submitted (01/07/2022)

Data source: CDP Climate Change 2022

How we want to achieve this – our roadmap

  • Have an internal price on carbon 
  • Have an initiative in place to drive GHG emissions reduction through energy efficiency in production processes
  • Have an initiative in place to drive GHG emissions reduction through low-carbon energy generation
  • Have scope 1+2+3 GHG emissions verified through a third party verification or assurance process 

MRV: Pact MRV in place

Status date: Submitted (01/07/2022)

Data source: CDP Climate Change 2022

 

Energy

Our actions – the Pathway

  • Cargotec Corporation has a target to consume 100% of electricity from renewable sources by 2030 from a baseline of 33% renewable electricity consumption in 2019

MRV: Pact MRV in place

Status date: Submitted (01/07/2022)

Data source: CDP Climate Change 2022

 

Governance & Strategy

Our actions – the Pathway

  • Publicly disclose climate and environmental data to investors and customers through a public platform
  • Have board-level oversight of climate-related issues
  • Have a process for identifying, assessing, and responding to climate-related risks and opportunities
  • Have an employee engagement strategy to support and contribute to achieving the company's climate and environmental goals

MRV: Pact MRV in place

Status date: Submitted (01/07/2022)

Data source: CDP Climate Change 2022

 

Buildings

Our actions – the Pathway

  • Have an initiative in place to drive GHG emissions reduction through energy efficiency in buildings

MRV: Pact MRV in place

Status date: Submitted (01/07/2022)

Data source: CDP Climate Change 2022

 

Value chain engagement

Our actions – the Pathway

  • Have a supplier/customer engagement strategy to drive best practices in tackling environmental and climate-related issues

MRV: Pact MRV in place

Status date: Submitted (01/07/2022)

Data source: CDP Climate Change 2022