- Increased uncertainty and regional weakness in the global economy.
- High interest rates and inflation.
- Supply chain disruptions.
- Geopolitical tensions.
- Challenges with MacGregor’s offshore business due to unprofitable projects.
- Development of offshore wind-related new technologies has been challenging and caused additional costs.
Cargotec Corporation
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Cargotec Corporation disclosed greenhouse gas emissions of 5.9M tCO2e (value chain). By scope: Scope 1: 24.4K tCO2e; Scope 2: 9.5K tCO2e; Scope 3: 5.8M tCO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
5.9M tCO2e (value chain)
2023
Renewable Energy
57%
of total energy
Energy Use
156.0K MWh
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 24.4K tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 9.5K tCO2e |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 5.8M tCO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 5.9M tCO2e (value chain) |
| 2020 | 46.6K tCO2e (Scope 1 & 2 location-based); 5654000 tCO2e (Scope 3) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reached a 32 percent reduction in scope 1 and 2 emissions compared to a 2019 baseline.
- Eco portfolio sales totalled EUR 1,515 million in 2023, representing 33 percent of total sales.
- Kalmar introduced the Electric Straddle Carrier Charge Family.
- Hiab pioneered the use of recycled steel made with an electric furnace powered by renewable electricity in the MULTILIFT Ultima ZERO hooklifts.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce CO2 emissions in Cargotec’s value chain by 25% by 2025
📅 Medium-term
- Reduce CO2 emissions in Cargotec’s value chain by 50% by 2030
- Achieve carbon neutrality in our own operations by 2030
- Increase the share of renewable electricity to 75 percent by 2026 and to 100 percent by 2030
🔭 Long-term
- Achieve carbon neutrality in our own operations by 2030
🌱 ESG Focus Areas
Climate change mitigationCircularityHuman rightsHealth & safetyDiversity, equity & inclusionSustainable financeResponsible sourcing