Cargotec
Cargotec Corporation, commonly referred to as Cargotec, is a leading Finnish company headquartered in Helsinki, Finland (FI). Founded in 2003, Cargotec has established itself as a key player in the logistics and cargo handling industry, with a strong presence in Europe, Asia, and North America. The company focuses on innovative solutions in cargo and load handling, primarily through its well-known brands, Kalmar, Hiab, and MacGregor. Cargotec's core offerings include container handling equipment, marine cargo solutions, and on-road load handling systems, all designed to enhance efficiency and sustainability in logistics operations. With a commitment to technological advancement, Cargotec has achieved significant milestones, including numerous industry awards for innovation. As a market leader, Cargotec continues to shape the future of cargo handling, driving progress in the global supply chain.
DitchCarbon Score
How does Cargotec's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Machinery and Equipment industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Cargotec's score of 100 is higher than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Cargotec's reported carbon emissions
In 2024, Cargotec reported total carbon emissions of approximately 1,100,830,000 kg CO2e, with emissions distributed across various scopes: 8,837,000 kg CO2e (Scope 1), 2,051,000 kg CO2e (Scope 2, market-based), and a significant 1,089,942,000 kg CO2e (Scope 3). This represents a decrease from 2023, where total emissions were about 1,385,778,000 kg CO2e, with Scope 1 at 10,906,000 kg CO2e, Scope 2 at 2,501,000 kg CO2e (market-based), and Scope 3 at 1,372,371,000 kg CO2e. Cargotec has set ambitious climate commitments, aiming for carbon neutrality in its own operations by 2030. This target encompasses all scopes of emissions, including Scope 1 and Scope 2, and aligns with science-based targets. Specifically, the company commits to reducing absolute Scope 1, 2, and 3 greenhouse gas emissions by 50% by 2030 from a 2019 baseline, which includes biogenic emissions and removals from bioenergy feedstocks. Additionally, Cargotec's initiatives include the introduction of low-emission equipment, which is expected to achieve a 42% reduction in greenhouse gas emissions by 2030 and a 90% reduction by 2050 compared to the best-performing alternatives in 2020. The company is also focusing on the development of electric equipment, such as the Kalmar Electric Reachstacker, to support its zero-emissions target by 2030. Overall, Cargotec's commitment to sustainability and significant reduction targets reflect its proactive approach to addressing climate change and reducing its carbon footprint in the industry.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 20,100,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 2 | 28,100,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 145,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Cargotec is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
