Cargotec Corp - ESG Rating & Company Profile powered by AI

Industry Group:Industrial Machinery

If you are employed by Cargotec Corp and you would like to licence your ESG aseessment, please get in touch. Browse to the bottom of the webpage for potential risks for Cargotec Corp based on sector, geography and marketcap. This Sustainability assessment for Cargotec Corp represents its transparency towards the United Nations SDGs.

Cargotec Corp in the Industrial Machinery industry gained a UN SDG ESG Transparency Score of 6.3; made up of an environmental score of 6.9, social score of 4.6 and governance score of 6.7.

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SDG Transparency Score for Cargotec Corp 
Low
0 - 3

6.3

Medium Impact
4 - 6
High
7 - 10
Last Score Update: 2022-07-01
What drives the score for Cargotec Corp 
6.9

Environmental

4.6

Social

6.7

Governance

Detailed ESG Breakdown
SEVVA Platform offers unique drill down to the underlying sources powering the ratings. Break down your ESG analysis by 17 UN SDGs and 8 additional governance factors.

Peer Group Comparison

RankCompanySDG Transparency Score Performance
1Marel hf
9.4
High
2EnPro Industries Inc
9.2
High
273Hyundai Heavy Industries Holdings Co Ltd
6.4
High
273Zhejiang Taitan Co Ltd
6.4
High
276Cargotec Corp
6.3
High
276Marumae Co Ltd
6.3
High
276Masterflex SE
6.3
High
.........
1239Yantai Eddie Precision Machinery Co Ltd
0.0
Low
1239Zhong Yang Technology Co Ltd
0.0
Low
.........
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Frequently Asked Questions

Does Cargotec Corp reference operational or capital allocation in relation to climate change?Yes
company-nameInterimfiling2021-04-28
Document Outline Cargotec's interim report January-March 2021: Strong orders January-March 2021 in brief: Share of services in sales increased Outlook for 2021 Cargotec's key figures Cargotec's CEO Mika Vehviläinen: Strong development in orders received Reporting segments' key figures Orders received Order book Sales Operating profit Comparable operating profit Telephone conference for analysts, investors and media Cargotec's January-March 2021 interim report Operating environment Financial performance Orders received and order book Orders received and order book Sales Sales Financial result Operating profit and comparable operating profit Net financing expenses and net income Balance sheet, cash flow and financing Corporate topics Research and development Kalmar Hiab MacGregor Capital expenditure Acquisitions and divestments in 2021 Operational restructurings Personnel Sustainability Leadership Team Reporting segments Kalmar Hiab MacGregor Annual General Meeting and shares Decision...
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company-nameEarnings, Profit, Lossfiling2021-10-28
Cargotec’s comparable operating profit increased by 4 percent, driven by higher comparable operating profit in Hiab. MacGregor’s comparable operating profit decreased slightly. Chalenges in the delivery chain and added costs thereof impacted Kalmar’s result in particular and its comparable operating profit decreased by 14 percent Reducing the carbon footprint of the logistics industry is a significant business opportunity for us. Sustainability and profitable growth are at the core of our strategy and, during the third quarter, we continued our determined actions to execute our strategy. We completed the sale of the Navis business to Accel- KKR, a Silicon Valey-based investment firm for an enterprise value of EUR 380 milion. The transaction had an approximately EUR 230 milion positive impact on our third quarter operating profit. The proceeds enable further investments in acquisitions and R&D investments in the fields of electrification, digitalisation, robotisation, and autom...
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company-nameAnnualfiling2021-02-23
Annual Report 2020 Annual review Sustainability Governance Financial review 44 Part of the Board of Directors' report Capital ExpenditureCapital expenditure, excluding acquisitions and customer financing, totalled EUR 59 (61) million in 2020. Investments in customer financing were EUR 26 (39) million. Depreciation, amortisation and impairment amounted to EUR 144 (134) million. The amount includes impairments worth EUR 16 (9) million, of which EUR 16 (8) million has been booked as restructuring costs.
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Is Capital Expenditure linked to emissions reduction?

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Does the Board describe its role in the oversight of climate-related risks and opportunities?Yes
company-nameAnnualfiling2021-02-23
During the year 2020, the Board discussed climate matters three times. In February 2020, the Board decided to set a 1.5 degree climate ambition. This means Cargotec has joined the Science Based Targets initiative as well as the UN Business Ambition for 1.5°C campaign and committed to reduce greenhouse gas emissions in line with the 1.5°C warming scenario, which is the most ambitious goal of the Paris Agreement. The climate ambition was published in the Annual General Meeting in May. In June, the Board discussed climate-related risks and opportunities and the identified emission reduction opportunities. In October, the Board discussed the findings of the business areas' gap analysis. The Board has stated that climate-related risks and opportunities, as well as targets and action plans, should be embedded into the businesses' strategies.
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company-namecategory-descSTP2022-02-22
Climate-related risks and opportunities are identified and assessed with the help of the general corporate risk management process as well as a dedicated climate-related risk management process, created by the corporate sustainability and strategy teams� The process is described in the Board of Directors report
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company-namecategory-descSTP2022-02-22
Climate-related risks and opportunities are identified and assessed with the help of the general corporate risk management process as well as a dedicated climate-related risk management process, created by the corporate sustainability and strategy teams� The process is described in the Board of Directors report
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Has Cargotec Corp submitted or committed to submit to a shareholder vote (say-on-climate) its climate strategy?

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Does Cargotec Corp disclose current and historical air emissions?

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Are emissions metrics verified by CDP?

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Does Cargotec Corp report according to TCFD requirements?

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Does Cargotec Corp disclose current and / or historical water consumption?

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Does Cargotec Corp have a long term incentive (LTI) executive compensation plan based on a measure of return on capital?

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Cargotec Corporation provides cargo and load handling solutions worldwide. It operates in three segments: Kalmar, Hiab, and MacGregor. The Kalmar segment offers cargo handling equipment and automated terminal solutions, software, and services for ports, terminals, distribution centers, and various industries; ship-toshore cranes, rubbertyred and rail-mounted gantry cranes, straddle and shuttle carriers, reachstackers, empty container handlers, terminal tractors, and forklift trucks, and automated guided vehicles; and automation systems, and Bromma spreaders, as well as maintenance contracts, technical support, spare parts, training, and crane upgrade services. The Hiab segment provides loader handling equipment under the HIAB, EFFER, and ARGOS brands; truck mounted forklifts under the MOFFETT and PRINCETON brands; forestry and recycling cranes under the LOGLIFT and JONSERED brands; hooklifts and skiploaders under the MULTILIFT brand; tail lifts under the ZEPRO, DEL, and WALTCO brands; HiConnect platform; and Hiab ProCare services and HiVision crane operating system. The MacGregor segment offers cargo and load handling solutions and maintenance services. Cargotec Corporation was incorporated in 2005 and is headquartered in Helsinki, Finland.