Cargotec refines vision for sustainability

(Posted on 29/04/21)

Cargotec's Board of Directors has confirmed the company's refined strategy and vision. Breakthrough objectives are 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.

“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,” says Cargotec’s CEO Mika Vehviläinen.

In concrete terms, Cargotec aims to reduce the CO2 emissions of its value chain by one million tons 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.

“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 1.5°C. 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.”

Cargotec's business areas Kalmar, Hiab and MacGregor are pioneers in their fields. Through their unique position in ports, at sea and on roads, they optimise global cargo flows and create sustainable customer value. Cargotec has signed the United Nations Global Compact Business Ambition for 1.5°C. The company's sales in 2020 totalled approximately EUR 3.3 billion and it employs around 11,500 people.

Latest News

Smart Ship Hub expects breakthrough year for digitalisation in 2026

Leading vessel performance platform Smart Ship Hub says the industry should expect a breakthrough year... Read more

Accelerating zero-carbon shipping in the Nordics

The Nordic countries are taking an important step towards decarbonising maritime transport with the... Read more

Steelpaint appoints ADD Marine to drive growth in Greece and Cyprus

Germany’s Steelpaint has appointed ADD Marine as its representative for Greece and Cyprus, strengthening... Read more

Rio Tinto’s first Pilbara-made rail car built by Gemco in Karratha

Rio Tinto’s first Pilbara-made iron ore rail car has rolled off the production line in Karratha... Read more

Electric Liebherr portal crane strengthens Baria Serece, Vietnam

Precision meets progress at Phu My Port, Vietnam. The LPS 550 has been deployed to handle bulk commodities... Read more

bound4blue targets Asian growth with new production capabilities

bound4blue, a global leader in wind propulsion systems, has expanded its industrial footprint in Asia... Read more

DNV: Methanol as marine fuel at high readiness level

As the industry explores multiple decarbonisation pathways, methanol is gaining attention as a practical... Read more

Repeat Aasen bulk carrier order emphasises Wärtsilä hybrid strength

Technology group Wärtsilä will supply an integrated hybrid propulsion system for a bulk carrier... Read more

Superior bring big iron and bigger ideas

Superior Industries, Inc., a US-based manufacturer and global supplier of bulk material processing and... Read more

ESL connectivity upgrade enables smarter operations and supports crew wellbeing

ESL Shipping has taken a significant step forward in digitalisation by deploying a new multichannel... Read more