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Annual report 2020

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CEO review

In 2020, our long term strategy proved to be more valid than ever before. The COVID-19 pandemic affected our business especially during the first two quarters, but we acted decisively, securing our profitability whilst making good progress in our strategy execution.

Annual Report

LIMIT GLOBAL TEMPERATURE RISE TO 1.5°C

Cargotec has committed to the United Nations Global Compact’s Business Ambition for 1.5°C and set ambitious science-based greenhouse gas emission reduction targets to address the impacts of both its own operations and the value chain. The consequences of climate change are not only environmental, but there are also significant financial and social impacts. To ensure financial stability and global wellbeing also for the future generations, it is our obligation to act on climate now.

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Key figures

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STRATEGY

With our strategy for the period 2019–2021, we continue our work to reach our vision of becoming the leader in intelligent cargo handling. We aim to secure profitable growth by focusing on four must-win battles.

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Business areas

Our business areas Kalmar, Hiab and MacGregor are recognised leaders in cargo and load handling solutions around the world. Their global network is positioned close to customers, offering extensive services to ensure continuous, reliable and sustainable performance according to customer needs.

Kalmar
Hiab
MacGregor

 

Sustainability

During 2020, sustainability has become a higher priority than ever before. Cargotec’s sustainability work is based on a holistic and balanced approach, combining the social, environmental and economic objectives.

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Read more about 2020 at Cargotec

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Fostering compliance through company culture

How does one create and maintain an ethical culture? How to engage the employees? Camilla Orko, Vice President and Chief Compliance Officer, offers key insights into what compliance means to Cargotec and how the organisation has made it a part of its culture.
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Seamless collaboration across the organisation during pandemic

In 2020, the coronavirus pandemic created unprecedented disruption for companies. Communication, leadership and platform development helped Cargotec deliver a competitive advantage and made it more resilient.
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Operational safety during pandemic

2020 marks the first time Cargotec achieved its safety target since Cargotec started its integrated sustainability programme in 2018.
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Why Cargotec measures its carbon handprint

Carbon handprint is a recent climate change impact framework that can help address the limitations of its predecessors.
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Strategy progressed in 2020

Our current strategy period runs until end-2021. We have made good progress in services, digitalisation and productivity. The importance of sustainability continues to increase.
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TTS integration - targets achieved

In 2019, Cargotec’s MacGregor acquired the marine and offshore businesses of the Norwegian listed company TTS. How did the integration process go and what are the main learnings from it?
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Kalmar in 2020

In 2020, the trends affecting Kalmar were similar to those of 2019 but with the key addition of the coronavirus pandemic.
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Hiab in 2020

In 2020, Hiab focused on creating value for customers, employees, and the company itself.
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MacGregor in 2020

Following acquisition of the marine and offshore businesses of TTS Group in 2019, MacGregor made excellent progress in successfully integrating activities to better serve customers worldwide.

All reports

Report in screen format
GRI INDEX 2020
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