Kone

KONE, headquartered in FI and operating in the Machinery and equipment n.e.c. (29) industry, has reported significant carbon emissions and established ambitious climate commitments.

For the 2024 reporting year, KONE reported total emissions of approximately 11.3 billion kg CO2e. This total comprises approximately 1.14 billion kg CO2e for Scope 1, approximately 4.4 million kg CO2e for Scope 2 (market-based), and approximately 10.18 billion kg CO2e for Scope 3. Within Scope 3, purchased goods and services accounted for approximately 4.03 billion kg CO2e, and business travel contributed approximately 21.4 million kg CO2e.

KONE has committed to a 50% reduction in absolute emissions from its own operations (Scope 1 and 2) by 2030, using 2018 as the baseline year. Furthermore, they aim for a 40% reduction in Scope 3 emissions from purchased goods and services and the use of sold products per ordered product by 2030, also against a 2018 baseline. Demonstrating progress, KONE has a near-term target of a 25% reduction in Scope 1 and 2 absolute carbon footprint by 2024, relative to their 2018 baseline.

The company has also committed to increasing its annual sourcing of renewable electricity from 33% in 2018 to 100% by 2030. KONE is a signatory to the Paris Pledge for Action, aligning with the commitment to limit global warming to under 2 degrees Celsius.

KONE's climate targets have been verified by the Science Based Targets initiative (SBTi) as consistent with a 1.5°C pathway for their Scope 1 and 2 emissions.