KONE recognized with prestigious ‘A’ score for climate change
Press release, December 13, 2022
KONE has been recognized for leadership in corporate transparency and performance on climate change by global environmental non-profit CDP, securing a place on its annual ‘A List’. KONE has disclosed through CDP since 2009 and has received a leadership score of A or A- for climate change for ten consecutive years.
Based on data reported through CDP’s 2022 Climate Change questionnaire, KONE is one of a small number of companies that achieved an ‘A’ out of nearly 15,000 companies scored.
Being a leader in sustainability has long been a strategic target for KONE. The company has a key role in making urbanization more sustainable and continues to take strong actions together with its customers, partners, and suppliers, to develop sustainable business practices for the long term. For example, KONE has launched carbon-neutral maintenance, KONE Care™ DX, and a carbon compensation option for its KONE DX elevators. KONE targets a 40% reduction in the greenhouse gas emissions related to the materials and lifetime energy use of our products and is committed to a 50% cut in the emissions from our own operations. KONE pledges to have carbon-neutral operations by 2030. In addition, KONE aims to achieve carbon-neutral manufacturing by 2024.
"We are extremely proud of our newest CDP A score. This is the 10th consecutive year for KONE reaching leadership level in the CDP (A- or A). More sustainable urbanization and approaches that benefit the environment are what we all should strive for. “ says Hanna Uusitalo, Environmental Director at KONE. “As we all know we have a long way to go and we all need to urgently and continuously improve our environmental excellence together with our suppliers and partners."
CDP’s annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency. Nearly 20,000 organizations around the world disclosed data through CDP in 2022, including more than 18,700 companies worth half of global market capitalization, and over 1,100 cities, states and regions.
A detailed and independent methodology is used by CDP to assess these companies, allocating a score of A to D- based on the comprehensiveness of disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets.
For further information, please contact:
Hanna Rutanen, Head of Communications, KONE Corporation, tel. +358 41 507 1361, media@kone.com
Hanna Uusitalo, Environmental Director, KONE Corporation, tel. +358 50 533 3177
Notes to editors:
About CDP
CDP is a global non-profit that runs the world’s environmental disclosure system for companies, cities, states and regions. Founded in 2000 and working with more than 680 financial institutions with over $130 trillion in assets, CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts, and to reduce greenhouse gas emissions, safeguard water resources and protect forests. Fully TCFD aligned, CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy. CDP is a founding member of the Science Based Targets initiative, We Mean Business Coalition, The Investor Agenda and the Net Zero Asset Managers initiative. Visit cdp.net or follow us @CDP to find out more.
Read more
CDP 2022 full list of scores
KONE's Sustainability Report 2021 (PDF)
Sustainability on our website
Previous press releases are available at https://www.kone.com/en/news-and-insights/releases/ including:
February 24, 2022: KONE awarded as Supplier Engagement Leader by CDP
December 7, 2021: KONE recognized with prestigious ‘A’ score for climate change
December 8, 2020: KONE awarded CDP 2020 ‘A’ score for corporate sustainability leadership
September 28, 2020: KONE sets ambitious greenhouse gas reduction targets and pledges to have carbon neutral operations by 2030
February 4, 2020: KONE awarded as Supplier Engagement Leader by CDP
January 22, 2020: KONE recognized for outstanding climate and sustainability performance by both CDP and Corporate Knights
About KONE
At KONE, our mission is to improve the flow of urban life. As a global leader in the elevator and escalator industry, KONE provides elevators, escalators and automatic building doors, as well as solutions for maintenance and modernization to add value to buildings throughout their life cycle. Through more effective People Flow®, we make people's journeys safe, convenient and reliable, in taller, smarter buildings. In 2021, KONE had annual sales of EUR 10.5 billion, and at the end of the year over 60,000 employees. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland. www.kone.com
