Cargotec has been no stranger in shouting about its commitment to the United Nations Global Compact’s Business Ambition for 1.5°C, joining leading companies in a promise to pursue science-based measures to limit global temperature rise to 1.5°C.
“A key business driver for Cargotec is to reduce the carbon footprint of the logistics industry,” said Mika Vehviläinen, CEO of Cargotec.
“We acknowledge that we have the responsibility to innovate and offer low-carbon business solutions that enable a sustainable path for the logistics industry. The set ambition level is challenging, but at the same time a great, inspiring business opportunity.”
Low-carbon
Cargotec said that more than 95% of its CO2 emissions occur in the value chain – meaning raw material sourcing and use-phase of the sold products. Therefore, the emission reduction target is mammoth and expands beyond its own operations.
Having conducted an extensive assessment, Cargotec said it has made the commitment to reduce the CO2 emissions of raw material sourcing and product use phase (Scope 3 emissions) by at least 50% down from 2019 levels by 2030. In addition, the company aims to carbon neutrality in its own operations by 2030.
The company has also signed the “Uniting Business and Governments to Recover Better” statement as part of the Science Based Targets initiative and its Business Ambition for 1.5°C campaign.
The target of the statement, signed by more than 150 companies, is to urge governments to prioritise a faster and fairer transition from a grey to a green economy by aligning policies and recovery plans with the latest climate science.