We are committed to minimising biodiversity loss in our value chain. To better understand its impacts, risks, and opportunities related to biodiversity, Cargotec commissioned a biodiversity impact assessment across its business areas, including Hiab, in 2024.  The findings of the assessment were aligned with the results of Hiab’s double materiality assessment, confirming that the impact of the company’s own operations on local biodiversity is very limited, and that the biggest impacts exist in the value chain, especially in mining operations.

Cargotec’s collaboration with its steel manufacturers provides opportunities to increase the amount of recycled steel in the production of the company’s equipment. Increasing the share of recycled steel leads to less need for virgin steel and, consequently, less need for mining operations.