Potential offtaker

Cargotec

www.cargotec.com

Estimated electricity consumption

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Countries of production presence

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Cargotec is a Finnish company operating in the construction machinery sector. The company was founded in 2005 and has since grown to become one of the leading providers of cargo handling solutions in the world. With a focus on sustainability and decarbonisation, Cargotec is committed to reducing its carbon footprint and promoting renewable energy.

Decarbonisation is a key focus for Cargotec. The company recognises that reducing carbon emissions is essential for combating climate change and ensuring a sustainable future. To achieve this, Cargotec has set ambitious targets to reduce its carbon emissions. The company aims to reduce its Scope 1 and 2 emissions by 50% by 2030, compared to its 2019 baseline. Cargotec is also committed to reducing its Scope 3 emissions, which are indirect emissions from the company's supply chain and customer use of its products.

One of the ways Cargotec is reducing its carbon emissions is through the use of renewable energy. The company has invested in renewable energy projects, such as wind and solar, to power its operations. Cargotec has also signed corporate power purchase agreements (PPAs) with renewable energy providers. These agreements allow the company to purchase renewable energy directly from the source, reducing its reliance on fossil fuels.

Corporate energy management is another area of focus for Cargotec. The company has implemented energy efficiency measures to reduce its energy consumption and costs. Cargotec has also implemented a global energy management system to monitor and manage its energy use. This system allows the company to identify areas where energy efficiency can be improved and to track progress towards its energy reduction targets.

Cargotec's commitment to sustainability extends beyond its own operations. The company is also working with its suppliers to promote sustainability throughout its supply chain. Cargotec has developed a sustainability assessment tool that it uses to evaluate its suppliers' sustainability performance. The tool assesses suppliers' environmental, social, and governance (ESG) performance and provides recommendations for improvement.

In addition to its sustainability efforts, Cargotec is also focused on innovation and technology. The company is investing in new technologies, such as automation and digitalisation, to improve the efficiency and safety of cargo handling. Cargotec's Kalmar brand is a leader in terminal automation, offering solutions that improve the speed and accuracy of cargo handling. The company's MacGregor brand provides innovative solutions for the maritime industry, including cargo handling equipment and systems.

Cargotec's commitment to sustainability and innovation has earned the company recognition and awards. In 2021, Cargotec was included in the Dow Jones Sustainability Index (DJSI) for the 11th consecutive year. The DJSI is a global index that tracks the sustainability performance of leading companies. Cargotec was also named one of the world's most sustainable companies by Corporate Knights, a Canadian media and research company.

In conclusion, Cargotec is a Finnish company operating in the construction machinery sector. The company is committed to sustainability and decarbonisation, with a focus on reducing its carbon footprint and promoting renewable energy. Cargotec has set ambitious targets to reduce its carbon emissions and is investing in renewable energy projects and corporate PPAs. The company is also focused on innovation and technology, investing in new solutions to improve the efficiency and safety of cargo handling. Cargotec's commitment to sustainability and innovation has earned the company recognition and awards, including inclusion in the Dow Jones Sustainability Index and recognition as one of the world's most sustainable companies.

✓ Science Based Targets member
✓ Declared Net Zero commitment