Kone

Kone's reported carbon emissions

KONE Oyj, headquartered in Finland and operating in the machinery and equipment sector, reported its latest emissions data for the 2025 reporting year. In 2024, KONE's total global emissions were approximately 11.3 billion kg CO2e, comprising Scope 1 emissions of about 1.1 billion kg CO2e, Scope 2 emissions of approximately 4.4 million kg CO2e, and Scope 3 emissions of around 10.2 billion kg CO2e. KONE has set ambitious climate targets. It is committed to a 50% absolute reduction in Scope 1 and 2 emissions by 2030, using 2018 as a baseline year. This aligns with Science Based Targets initiative (SBTi) commitments, which also include a target for a 40% reduction in Scope 3 emissions from purchased goods and services and the use of sold products per ordered product by 2030. KONE aims to increase its sourcing of renewable electricity to 100% by 2030. Additionally, KONE had a target for a 25% reduction in its Scope 1 and 2 absolute carbon footprint by 2024, from the 2018 baseline. The company also signed the Paris Pledge for Action, demonstrating a commitment to limiting global warming to under 2 degrees Celsius. In previous years, KONE's total global emissions have shown fluctuations. In 2023, total emissions were approximately 11.9 billion kg CO2e. For 2022, total emissions were approximately 13.2 billion kg CO2e, with Scope 1 emissions at about 115 million kg CO2e, Scope 2 at approximately 126 million kg CO2e, and Scope 3 at around 4.4 billion kg CO2e. In 2021, total global emissions were approximately 15.5 billion kg CO2e, and in 2020, they were about 14.2 billion kg CO2e. In 2019, total emissions were approximately 13.6 billion kg CO2e. Prior to this, KONE reported significantly lower total emissions, such as approximately 312 million kg CO2e in 2017 and 296 million kg CO2e in 2016. The company has also reported specific figures for its Scope 1 and Scope 2 emissions in various years, with Scope 1 emissions ranging from approximately 101 million kg CO2e to 115 million kg CO2e, and Scope 2 emissions varying between approximately 31 million kg CO2e and 44 million kg CO2e.