Cargotec Receives B Rating in CDPís Climate Change Programme Rating

Source: 12/7/2021, Location: Europe

Cargotec was awarded with a B in CDPís Climate change rating. The scoring varies from a scale from A to D-. This is the second year in a row for Cargotec to receive CDPís B rating, which indicates that we are taking coordinated actions on climate issues.

CPD is a non-profit charity that runs a global disclosure system to score companies and cities on the level of environmental management. CDP's annual climate disclosure and scoring process is widely recognised as the gold standard of corporate environmental transparency.

ďCargotec has worked intensively to meet its climate targets throughout the years. We have a key role in transforming the logistics industry towards a low-carbon economy. We are committed to reduce greenhouse gas emissions in line with the 1.5įC warming scenario, which is the most ambitious goal of the Paris Agreement. We are pleased to see recognition for the work we have done,Ē says Pšivi Koivisto, VP Sustainability, Cargotec.

The CDP score is based on Cargotec's performance data in 2020 and since then we have further accelerated our focus on climate. Climate is at the heart of Cargotecís refined strategy and, to test its strategic resilience, we have analyzed how climate change may impact our operations and value chain. Cargotecís climate programme was also founded in 2021, and focuses on decarbonizing the supply chain, decarbonizing our own operations and boosting the creation of customer-centric sustainable product and solution offerings.

Cargotecís long-term target, approved by the Science Based Targets initiative, is to reduce Cargotecís scope 1, 2 and 3 greenhouse gas emissions by 50 percent from a 2019 base year by 2030. Cargotecís internal goal is to become carbon neutral in its own operations by 2030, which goes beyond the required ambition level of the Science Based Targets initiative.

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