KONE awarded as Supplier Engagement Leader by CDP

KONE Corporation, press release, February 4,2020



KONE, a global leader in the elevator andescalator industry, has been awarded a position on the CDP 2019Supplier Engagement Leaderboard. The company ranks among the top 3%of organizations assessed by CDP. Earlier this year, KONE alsoachieved a place on CDP's prestigious 'A List' for ClimateChange and was the only elevator and escalator company todemonstrate actions to cut emissions, mitigate climate risks anddevelop a low-carbon economy.

"In today's world, companies need to better understand theirindirect impacts and continue to work to mitigate climate risks aswell as to make the most of low-carbon business opportunities. Weare delighted to be included in CDP's Supplier EngagementLeaderboard, which recognizes KONE as a global leader for engagingwith our suppliers," said Hanna Uusitalo, environmental director atKONE.

KONE works with approximately 19,000suppliers, which provide the company with raw materials, componentsand modules, as well as logistics and installation services. As aresponsible corporate citizen and business partner, KONE aims tomake a positive impact throughout the value chain. Takingresponsibility for the environment and sustainability more broadlyis included in the KONE Supplier Code ofConduct.

CDP is a global non-profit that runs theworld's leading environmental disclosure platform. Over 4,800companies in total were assessed by CDP and given a SupplierEngagement Rating, based on answers to selected questions aboutgovernance, targets, scope 3 emissions, and value chain engagementof their response to the CDP 2019 climate change questionnaire andtheir overall CDP climate change score. This year, 159 companiesmade the Leaderboard.

The Supplier Engagement Leaderboard followson from CDP's most recent supply chain report, Changing the Chain,which showed the vast potential for driving climate action at scalein the supply chain. The report found that major companies workingwith CDP have potential to cut a gigaton of emissions by drivingtheir suppliers to increase their average proportion of renewablepower by 20 percentage points.

In 2019, over 8,400 companies disclosedenvironmental data through CDP at the request of 125 majorpurchasing organizations with US$3.6 trillion in purchasing spend,and 525 investors with US$96 trillion in assets, making it the goldstandard in corporate environmental reporting.


For further information, pleasecontact: 
Hanna Rutanen, Director, External Communications, KONECorporation, tel. +358 41 507 1361, media@kone.com
Hanna Uusitalo, Environmental Director, KONE Corporation, tel. +35850 533 3177


Read more: 
CDP 2019 full list of Supplier EngagementLeaders
KONE's Sustainability Report 2018 (PDF)
Sustainability on our website 
KONE Supplier Code ofConduct

Previous press releases are availableat https://www.kone.com/en/news-and-insights/releases/including: 
January 22, 2020: KONE recognized for outstanding climate andsustainability performance by both CDP and CorporateKnights 
January 23, 2019: KONE ranked among the world's most sustainablecompanies by Corporate Knights
January 23, 2019: KONE recognized for solid climate performance witha CDP 2018 A- score 
October 12, 2018: Forbes recognizes KONE as one of the bestemployers in the world


About KONE
At KONE, our mission is to improve the flow of urban life. As aglobal leader in the elevator and escalator industry, KONE provideselevators, escalators and automatic building doors, as well assolutions for maintenance and modernization to add value tobuildings throughout their life cycle. Through more effectivePeople Flow®, we make people's journeys safe, convenient andreliable, in taller, smarter buildings. In 2019, KONE had annualsales of EUR 10 billion, and at the end of the year approximately60,000 employees. KONE class B shares are listed on the NasdaqHelsinki Ltd. in Finland.
www.kone.com