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Delayed Nasdaq Helsinki  -  05/20 11:29:43 am EDT
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05/19KONE CORPORATION : Raised to Buy by UBS
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Kone Oyj : recognized with prestigious ‘A' score for climate change

12/07/2021 | 07:12am EDT

KONE Corporation, press release, December 7, 2021

KONE Corporation, a global leader in the elevator and escalator industry, has been awarded a place on CDP's prestigious '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 and is one of a small number of high-performing companies out of nearly 12,000 companies that were 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. Last 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 extremely proud of our CDP leadership score. This achievement truly reflects our uncompromising commitment to continuously improve environmental excellence," says Hanna Uusitalo, Environmental Director at KONE. "More sustainable urbanization and approaches that benefit the climate and environment are what we all should strive for."

KONE has disclosed through CDP since 2009 and has received a leadership score of A or A- for climate change for nine consecutive years. CDP's annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency. Over 14,000 organizations around the world disclosed data through CDP in 2021, including more than 13,000 companies worth over 64% of global market capitalization, and over 1,100 cities, states and regions. This makes 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.

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 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$110 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. 

Read more
CDP 2021 full list of scores
KONE's Sustainability Report 2020 (PDF)
Sustainability on our website

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

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 2020, KONE had annual sales of EUR 9.9 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.

KONE press release 07122021


Kone Oyj published this content on 07 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 December 2021 12:11:04 UTC.

© Publicnow 2021
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