KONE Corporation, press release, January 22,2020
KONE Corporation, a global leader in theelevator and escalator industry, has gained two outstandingrecognitions in climate and sustainability performance. KONE hasachieved a place on CDP's prestigious 'A List' for Climate Changeas the only elevator and escalator company, demonstrating thecompany's actions to cut emissions, mitigate climate risks anddevelop a low-carbon economy. KONE is in the top 2% of thethousands of companies that disclose their environmental datathrough CDP. In addition, KONE has been recognized as one of themost sustainable companies in the world by Corporate Knights Inc.,ranking 32nd in their 2020 Global 100 Most Sustainable Corporationsin the World ranking. KONE improved its position on the list by 11compared to previous year, when it ranked 43rd.
"We are very happy and honored to haveearned a position on CDP's Climate A List, recognizing ourleadership through transparency. Taking environmental leadership ismore important than ever, particularly when we are faced with theclimate crisis. There is an urgent need to tackle this togetherwith our customers and our whole value chain. I am proud to seethat our work for low-carbon solutions and operations leads theway," said Hanna Uusitalo, environmental director atKONE.
KONE has disclosed through CDP for 11 yearsand has received a leadership score of A or A- for sevenconsecutive years. CDP is a global environmental impact non-profitorganization that runs an environmental disclosure system thatenables companies, cities, states and regions to measure and managetheir environmental impacts. Their annual environmental disclosureand scoring process is widely recognized as the gold standard ofcorporate environmental transparency. Each year, a detailed andindependent methodology is used by CDP to assess these companies,allocating a score of A to D- based on the comprehensiveness ofdisclosure, awareness and management of environmental risks anddemonstration of best practices associated with environmentalleadership, such as setting ambitious and meaningful targets. In2019, over 8,400 companies disclosed environmental data throughCDP, and the reporting companies represent more than 50% of globalmarket capitalization.
KONE is committed to conducting its businessin a sustainable way and expects the same commitment from itssuppliers: taking responsibility for the environment andsustainability more broadly is a central part of the KONE Code ofConduct, signed by all KONE employees and suppliers. As a member ofthe UN Global Compact, KONE supports the Sustainable Developmentagenda addressing the social, economic, and environmentaldimensions of sustainability.
KONE was the only elevator and escalatorcompany to make the Corporate Knights' 2020 Global 100 MostSustainable Corporations in the World ranking. The company rankedsecond among its 234 global category peers in the "MachineryManufacturing" Corporate Knights IndustryGroup.
Corporate Knights Inc. is a leadingsustainable business magazine and ranking organization. The 2020Global 100 ranking was formed by analyzing nearly 7,400publicly-listed companies with revenues of over USD 1 billion. Theperformance of companies featured on the list is also comparedagainst the MSCI All Country World Index (ACWI), and according tothe organization, the results indicate that sustainable corporateperformance is consistent with equal or better returns forinvestors and greater corporate longevity. The Corporate Knights'2020 Global 100 Most Sustainable Corporations in the World rankingwas announced in Davos, Switzerland during the World EconomicForum.
"Reducing the impact on the environment andcurbing the climate change to well below two degrees Celsius areamong our top priorities at KONE. We firmly believe thatsustainable business practices are a requirement for long-termsuccess. We want to help our customers develop their buildings tobe smart and green, which in turn helps societies to prosper. Thegreat scores on both lists demonstrate how we are actively leadingthe transition to more sustainable economy," said Mikko Korte,executive vice president, operations development atKONE.
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 scores
Corporate Knights' 2020 Global 100 landingpage
Corporate Knights' 2020 Global 100 MostSustainable Corporations in the World results
Corporate Knights' 2020 Global 100 methodology(PDF)
KONE's Sustainability Report 2018 (PDF)
Sustainability on our website
Previous press releases are available at https://www.kone.com/en/news-and-insights/releases/including:
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
June 1, 2018: KONE listed as one of the world's most innovativecompanies by Forbes
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 2018, KONE had annualnet sales of EUR 9.1 billion, and at the end of the year over57,000 employees. KONE class B shares are listed on the NasdaqHelsinki Ltd. in Finland.
www.kone.com