Kone

KONE's climate commitments focus on significant greenhouse gas (GHG) emissions reductions across its operations. The company is committed to a 50% reduction in absolute Scope 1 and Scope 2 emissions by 2030, using 2018 as the baseline year. This target is aligned with the Science Based Targets initiative (SBTi) for limiting global warming to 1.5°C.

For the reporting year 2025, KONE's emissions data includes:

• Scope 2: Approximately 1,100,000 kg CO2e (market-based) and approximately 29,800,001,102,000 kg CO2e (location-based).
• Scope 3: Approximately 3,614,600,000 kg CO2e from purchased goods and services.

In 2024, KONE reported:

• Scope 1: Approximately 1,138,006,000 kg CO2e.
• Scope 2: Approximately 4,400,000 kg CO2e (market-based) and approximately 31,500,000 kg CO2e (location-based).
• Scope 3: Approximately 10,181,000,000 kg CO2e, with purchased goods and services accounting for about 4,026,700,000 kg CO2e.

Furthermore, KONE has 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, also against a 2018 baseline. The company also aims to increase its sourcing of renewable electricity to 100% by 2030, up from 33% in 2018. KONE has also set a 2024 target for a 25% reduction in Scope 1 and 2 absolute carbon footprint from the 2018 baseline.

KONE signed the Paris Pledge for Action, demonstrating its commitment to limiting global warming in line with the Paris Climate Agreement. The company's climate initiatives are considered to be on track to meet its near-term and long-term reduction goals.