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KONE Corporation, press release, December 8,
KONE Corporation, a global leader in the elevator and escalator industry, has been awarded a place on CDP's prestigious 2020 'A List' for its work in tackling climate change. The company has again been recognized for its actions to cut emissions, mitigate climate risks and develop a low-carbon economy. More than 5,800 companies were scored and KONE ranks among a small number of high-performers from that group.
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. Earlier this year, the company set science-based targets for significant reductions in its greenhouse gas (GHG) emissions by the year 2030 and has also pledged to have carbon neutral operations in the same timeframe.
"We are proud to have been ranked as a leader by the CDP. Sustainability is more business-critical than ever. The multiple environmental and social challenges we face today are driving demand and action for carbon neutrality on company-, city- and country-level. More sustainable urbanization and approaches that benefit the environment are what we all should strive for," says Hanna Uusitalo, Environmental Director at KONE. "There's no doubt that making business more climate-friendly creates a substantial opportunity for us and our customers."
KONE has disclosed through CDP since 2009 and has received a leadership score of A or A- for eight consecutive years. CDP's annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency. In 2020, over 9,600 companies with over 50% of global market capitalization disclosed environmental data through CDP. This is in addition to the hundreds of cities, states and regions who have disclosed, making CDP's platform one of the richest sources of information globally on how companies and governments are driving environmental change.
Each year, 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.
KONE is committed to conducting its business in a sustainable way and expects the same commitment from its suppliers: taking responsibility for the environment and sustainability more broadly is a central part of the KONE Code of Conduct, signed by all KONE employees and suppliers. As a member of the UN Global Compact, KONE supports the Sustainable Development agenda addressing the social, economic, and environmental dimensions of sustainability.
Earlier in 2020, KONE was the only elevator and escalator company to make the Corporate Knights' 2020 Global 100 Most Sustainable Corporations in the World ranking. The company ranked second among its 234 global category peers in the "Machinery Manufacturing" Corporate Knights Industry Group.
For further information, please contact:
Hanna Rutanen, Director, External Communications, KONE Corporation, tel. +358 41 507 1361, firstname.lastname@example.org
Hanna Uusitalo, Environmental Director, KONE Corporation, tel. +358 50 533 3177
Notes to editors:
CDP is a global non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. Voted number one climate research provider by investors and working with institutional investors with assets of US$106 trillion, the organization leverages investor and buyer power to motivate companies to disclose and manage their environmental impacts. CDP is a founding member of the We Mean Business Coalition.
CDP 2020 full list of scores
KONE's Sustainability Report 2019 (PDF)
Sustainability on our website
Previous press releases are available at https://www.kone.com/en/news-and-insights/releases/ including:
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
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 2019, KONE had annual sales of EUR 10 billion, and at the end of the year approximately 60,000 employees. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland.