Cargotec commits to 1 million tonne CO2 emission reduction

Cargotec has refined its strategy and vision to focus on sustainability and profitable growth.

With its business areas Kalmar, MacGregor and Hiab, Cargotec’s vision is to become the global leader in sustainable cargo flow.

Cargotec’s CEO Mika Vehviläinen said, “Our previous vision – becoming the global leader in intelligent cargo handling – highlighted the importance of digitalisation. With our present operating model, digitalisation already constitutes an integrated part of our processes, solutions and offering. Intelligent solutions enable sustainable and profitable growth. The importance of sustainability has significantly increased in our customers’ operations and we lift it into our vision.”

In concrete terms, Cargotec aims to reduce the CO2 emissions of its value chain by 1 million tonnes by 2024.

Strategy progress is measured by financial reporting, leadership index, eco portfolio share of sales and, in the future, CO2 emission reduction and the net promoter score as well.

Vehviläinen said, “Our key business driver is to reduce the carbon footprint of the logistics industry. We want to do our part to limit global temperature rise to 1.5degC. By realising our strategy, we acknowledge our responsibility to innovate and offer low-carbon business solutions that enable a sustainable path for the logistics industry.

“We see sustainability as an inspiring business opportunity. Last year, our eco portfolio solutions already constituted almost a quarter of our total sales. This clearly shows that, in terms of safety, emission efficiency and productivity, our customers see the benefits they can achieve with these solutions,” Vehviläinen concluded.