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KONE ranked 19th most sustainable company in the world by Corporate Knights

Press Release Published 18/01/2023

KONE Corporation, press release, January 18, 2022

KONE Corporation, a global leader in the elevator and escalator industry, has been ranked as the 19th most sustainable company in the world by Corporate Knights Inc., a leading sustainable business magazine and ranking organization. KONE was the only elevator and escalator industry company to make the Corporate Knights' 2023 Global 100 Most Sustainable Corporations in the World ranking, published on the sidelines of the World Economic Forum being held in Davos, Switzerland. KONE is the best-performing company headquartered in Finland on the list. In the "Machinery Manufacturing" Corporate Knights Industry Group, the company ranked fourth among its 223 global category peers.

"KONE is at the vanguard of environmental performance and social responsibility, leading especially in board gender diversity," said Toby Heaps, CEO of Corporate Knights. He added, "at its core, the shift to a sustainable future is as much about people as it is about the planet. Diverse leadership is essential to long-term sustainability."

The 2023 Global 100 ranking was formed by analyzing nearly 6,720 publicly listed companies with revenues of over USD 1 billion. The performance of companies featured on the list is also compared against the MSCI All Country World Index (ACWI), and according to the organization, the results indicate that sustainable corporate performance is consistent with equal or better returns for investors and greater corporate longevity.

At KONE, sustainability is embedded into the organizational culture. It is also reflected in the 2021-2024 strategy phase, 'Sustainable success with customers'. KONE is committed to conducting its business in a responsible and sustainable way and expects the same commitment from its suppliers. KONE is also a signatory of the UN Global Compact and supports the UN Sustainable Development Goals.

"The Corporate Knights is a gold standard in sustainability ranking and it is widely associated with transparency. It is a great honor to feature on the list again, for the fourth time," said Mikko Korte, executive vice president, operations development at KONE. "We have a comprehensive approach to sustainability embracing environmental and social aspects as well as governance, including our suppliers and partners. Our goal is to be a leader in sustainability, not only within our own industry. Sustainability is an integral element of the value we create for our customers. At KONE, we firmly believe that sustainable business practices are a requirement for long-term success. The great placement as the 19th most sustainable company in the world demonstrates how we are actively leading the transition to a more sustainable economy."

"Reducing the impact on the environment and curbing climate change to 1.5° Celsius are among our top priorities at KONE. We work closely with our suppliers, for example, to reduce emissions in our supply chain. We want to help our customers develop their buildings to be smart and sustainable, enabling better urban living through, for example, long-lasting, upgradable, energy-efficient, smart and reliable solutions, and being transparent about their environmental impacts", Korte added.

For further information, please contact:

Hanna Rutanen, Director, External Communications, KONE Corporation, tel. +358 41 5071361, media@kone.com
Hanna Uusitalo, Environmental DIrector, KONE Corporation, tel. +358 50 5333177

Read more:
Global 100 landing page
2023 Global 100 most sustainable companies
2023 Global 100 methodology (PDF)
KONE's Sustainability Report 2021 (PDF)
Sustainability on our website

Previous press releases are available at http://www.kone.com/en/news-and-insights/releases/ including:

December 13, 2022: KONE recognized with prestigious 'A' score for climate change
February 24, 2022: KONE awarded as Supplier Engagement Leader by CDP
December 7, 2021: KONE recognized with prestigious 'A' score for climate change
January 28, 2021: KONE enters a new phase of its strategy: 'Sustainable success with customers'
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

CorporateKnights


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