Hiab Oyj is a Finnish industrial machinery company specializing in smart and sustainable on-road load-handling solutions. As the world leader in this field, it designs, manufactures, and services a di... Hiab Oyj is a Finnish industrial machinery company specializing in smart and sustainable on-road load-handling solutions. As the world leader in this field, it designs, manufactures, and services a diverse portfolio of equipment, including loader cranes under the HIAB, EFFER, and ARGOS brands; truck-mounted forklifts from MOFFETT and PRINCETON; forestry and recycling cranes under LOGLIFT and JONSERED; skip loaders, hoists, and hook lifts from MULTILIFT and GALFAB; and tail lifts by ZEPRO, DEL, and WALTCO. Formerly known as Cargotec Corporation since its incorporation in 2005, Hiab Oyj emerged as a standalone entity in 2025 following a major corporate restructuring, including the demerger of its Kalmar business and sale of MacGregor. Headquartered in Helsinki with approximately 4,200 employees globally, the company reported net sales of EUR 1,647 million in 2024. Hiab Oyj serves critical sectors such as waste and recycling, construction, forestry, logistics, retail, food and beverage, warehousing, defense, and last-mile delivery, emphasizing innovation, safety, efficiency, and sustainability across its 3,000 sales and service locations worldwide.
In 2024, Hiab was subject to the Corporate Sustainability Reporting Directive (CSRD)'s requirements, which mandated the company to publish EU Taxonomy disclosures.
The company reported the eligibility and alignment of Turnover, Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) with the EU Taxonomy, helping assess the extent to which its business activities align with Europe's environmental sustainability goals.
Hiab has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of Hiab are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.
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2024
2023
2022
2021 - 2017
Total Taxonomy Aligned A1 Turnover
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Total Taxonomy Eligible A Turnover
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Total Taxonomy Non-Eligible B Turnover
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3.6 CCM/CCA - Manufacture of other low carbon technologies
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c
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5.1 CE - Repair, refurbishment and remanufacturing
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a
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5.2 CE - Sale of spare parts
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a
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5.4 CE - Sale of second-hand goods
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a
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5.5 CE - Product-as-a-service and other circular use- and result-oriented service models
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a
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Metric (tonnes)
2024
2023
2022
2021 - 2017
Total Taxonomy Aligned A1 Opex
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c
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Total Taxonomy Eligible A Opex
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c
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Total Taxonomy Non-Eligible B Opex
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c
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3.6 CCM/CCA - Manufacture of other low carbon technologies
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c
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5.1 CE - Repair, refurbishment and remanufacturing
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a
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5.2 CE - Sale of spare parts
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a
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0000000
5.4 CE - Sale of second-hand goods
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a
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Copy/Paste is a PRO feature.
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5.5 CE - Product-as-a-service and other circular use- and result-oriented service models
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a
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Metric (tonnes)
2024
2023
2022
2021 - 2017
Total Taxonomy Aligned A1 Capex
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Total Taxonomy Eligible A Capex
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Total Taxonomy Non-Eligible B Capex
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3.6 CCM/CCA - Manufacture of other low carbon technologies
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a
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b
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c
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5.1 CE - Repair, refurbishment and remanufacturing
Copy/Paste is a PRO feature.
a
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Copy/Paste is a PRO feature.
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5.2 CE - Sale of spare parts
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a
Copy/Paste is a PRO feature.
Copy/Paste is a PRO feature.
0000000
5.4 CE - Sale of second-hand goods
Copy/Paste is a PRO feature.
a
Copy/Paste is a PRO feature.
Copy/Paste is a PRO feature.
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5.5 CE - Product-as-a-service and other circular use- and result-oriented service models
Copy/Paste is a PRO feature.
a
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Copy/Paste is a PRO feature.
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Limited Data Preview
You are viewing a limited preview of Hiab’s EU Taxonomy dataset. The full dataset, available for download, includes eligibility and alignment metrics for turnover, CAPEX, and OPEX across all EU Taxonomy categories (A1, A2, A, B, and A+B), at both aggregate and activity level, with historical coverage back to 2022.
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Verified Sources Behind Hiab’s EU Taxonomy Data
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a. Hiab's Annual Report 2024
b. Hiab's Annual Report 2023
c. Hiab's Annual Report 2022
Insights into Hiab's Revenues from Sustainable Activities
In 2024, Hiab reported EU Taxonomy-eligible revenues of EUR 476.04 million, representing 28.9% of its total turnover. Of this amount, EUR 474.43 million of Hiab's revenues was classified as EU Taxonomy-aligned, indicating that 28.8% of the revenue-generating activities undertaken by the company substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Hiab's Taxonomy-Eligible Turnover Over Time
Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover
Have Hiab's revenues become more sustainable over time?
Since 2022, Hiab's taxonomy-aligned revenues increased by 142.02%,reflecting a sustained upward trend in environmentally sustainable revenue generation.a, c
Compared to the previous year (2023), Hiab's taxonomy-aligned revenues increased by 128.57%,highlighting Hiab's deeper integration of environmentally sustainable activities into its core business model, or improved classification and reporting of those activities under the EU Taxonomy.a, b
How much of Hiab's revenue is eligible under the EU Taxonomy?
In 2024, Hiab reported that EUR 476.04 million of its revenue was eligible under the EU Taxonomy, representing 28.9% of the company's total turnover. Of this amount, EUR 474.43 million (28.8% of total revenue) was classified as Taxonomy-aligned. This means that 0.1% of Hiab's revenue is eligible but not aligned, indicating that these activities did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards.a
How much of Hiab's eligible revenue is aligned with the EU Taxonomy?
In 2024, Hiab reported that EUR 474.43 million of its revenue was aligned under the EU Taxonomy, representing 28.8% of its total turnover.a
This moderate level of alignment indicates that Hiab has begun shifting toward more sustainable operations but still has considerable room to enhance its green offerings.
Hiab's Eligibility & Alignment Overview
Hiab's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover
How is Hiab's taxonomy-aligned revenue distributed across the EU environmental objectives?
In 2024, Hiab reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 13.5%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 15.3%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much revenue does Hiab earn from selling climate-related solutions ?
In 2024, Hiab reported that EUR 222.39 million of its total revenue was associated with activities contributing to the EU taxonomy climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This accounted for 13.5% of the company's total revenue,indicating that Hiabhas a moderate focuson solutions that support climate action through its commercial activities.a
Insights into Hiab's CAPEX from Sustainable Activities
In 2024, Hiab reported EU Taxonomy-eligible CAPEX of EUR 18.94 million,representing 28.9% of its total CAPEX. Of this amount, EUR 18.85 million of Hiab's CAPEX was classified as EU Taxonomy-aligned, indicating that 28.7% of the company's investments were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Hiab's Taxonomy-Eligible Capex Over Time
Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex
Have Hiab's increased its investment in sustainable activities over time?
Since 2022, Hiab's taxonomy-aligned capital expenditure (CAPEX)increased by 617.5%,pointing to a long-term shift toward greater investment in environmentally sustainable activities recognized under the EU Taxonomy.a, c
Compared to the previous year (2023), Hiab's taxonomy-aligned CAPEX increased by 462.75%,highlighting Hiab's strengthened commitment to investing in environmentally sustainable activities or improving how such investments are classified and reported under the EU Taxonomy.a, b
How much of Hiab's capital expenditure (CAPEX) is eligible under the EU Taxonomy?
In 2024, Hiab reported that EUR 18.94 million of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 28.9% of the company's total CAPEX. Of this amount, EUR 18.85 million (28.7% of total CAPEX) was classified as Taxonomy-aligned. This means that 0.1% of Hiab's CAPEX is eligible but not aligned, indicating that these investments either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).a
How much of Hiab's eligible CAPEX is aligned with the EU Taxonomy?
In 2024, Hiab reported that EUR 18.85 million of its CAPEX was aligned under the EU Taxonomy, representing 28.7% of its total capital investment.a
This moderate level of alignment indicates that Hiab is beginning to transition its capital allocation toward greener investments, but still retains substantial opportunities for further alignment with sustainability goals.
Hiab's Eligibility & Alignment Overview
Hiab's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex
How is Hiab's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2024, Hiab reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 6.8%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 20%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much Hiab is investing in climate-related solutions?
In 2024, Hiab allocated EUR 4.46 million of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 6.8% of the company's total capital expenditure,indicating that Hiabhas only marginally directed its capital expenditure toward climate-related activities, suggesting limited alignment with climate objectives.a
Insights into Hiab's OPEX from Sustainable Activities
In 2024, Hiab reported EU Taxonomy-eligible OPEX of EUR 7.60 million,representing 11.8% of its total operating expenses (OPEX). Of this amount, EUR 7.56 million of Hiab's OPEX was classified as EU Taxonomy-aligned, indicating that 11.7% of the company's operating expenses were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Hiab's Taxonomy-Eligible Opex Over Time
Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex
Have Hiab's increased its spending in sustainable activities over time?
Since 2022, Hiab's taxonomy-aligned operating expenditure (OPEX)decreased by 13.33%,indicating a long-term decline in sustainability-related operational spending, which may reflect shifting priorities or reduced emphasis on green initiatives.a, c
Compared to the previous year (2023), Hiab's taxonomy-aligned OPEX decreased by 39.69%, suggesting that Hiab may have reduced spending on environmentally sustainable activities, adjusted its operational priorities, or decreased the scope of its taxonomy-related disclosures.a, b
How much of Hiab's operational expenditure (OPEX) is eligible under the EU Taxonomy?
In 2024, Hiab reported that EUR 7.60 million of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 11.8% of the company's total OPEX. Of this amount, EUR 7.56 million (11.7% of total OPEX) was classified as Taxonomy-aligned. This means that 0.1% of Hiab's OPEX is eligible but not aligned, indicating that these expenditures either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).a
How much of Hiab's eligible OPEX is aligned with the EU Taxonomy?
In 2024, Hiab reported that EUR 7.56 million of its OPEX was aligned under the EU Taxonomy, representing 11.7% of its total operational expenditure.a
This moderate level of alignment indicates that Hiab is beginning to shift operational priorities toward greener practices, with room for deeper integration.
Hiab's Eligibility & Alignment Overview
Hiab's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex
How is Hiab's taxonomy-aligned OPEX distributed across the EU environmental objectives?
In 2024, Hiab reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 1.8%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 9.8%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much of Hiab's operational budget supports climate-related solutions?
In 2024, Hiab allocated EUR 1.16 million of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 1.8% of the company's total OPEX,indicating that Hiabhas only a limited share of operational expenditure aligned with climate goals, signaling early-stage or minimal integration of climate objectives into its routine activities.a
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