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By conducting business in an ethical manner, sourcing responsibly and proactively aligning our business with the principles of sustainable finance, we can contribute to stable societies, fair trade and the green transition.
Responsible sourcing
Cargotec works with thousands of suppliers. The biggest negative impacts in our supply chain stem from the production of steel, the extraction of raw materials and minerals as well as the use of hazardous substances in our products. Through our purchasing power, we can influence our suppliers and support them in improving their sustainability performance.
While our Business Partner Code of Conduct (BPCoC, see links in the sidebar) is designed to cover all partners, it focuses on our supply chain. The BPCoC has requirements for our partners related to, for example, health and safety, freedom of association as well as the prohibition of child and forced labour.
The 2024 external target for responsible sourcing was to have at least 90 percent of strategic suppliers complete the sustainability self-assessment and reach a combined average score of 60 percent or above. The target was achieved with a 95 percent supplier coverage and 66 percent average score for continuing operations.
For more information, see Management of relationships with suppliers in our 2024 annual report. You can find Hiab's Conflict Mineral Reporting Template here.
If you are a supplier and looking for more information, see this introduction to responsible sourcing at Cargotec.
