Kone

Kone, a Finnish manufacturer in the machinery and equipment sector, reported approximately 1.14 billion kg CO2e in Scope 1 emissions, approximately 4.4 million kg CO2e in market-based Scope 2 emissions, and approximately 10.18 billion kg CO2e in Scope 3 emissions for the year 2024.

The company has set several climate commitments. Kone aims to reduce its absolute Scope 1 and 2 GHG emissions by 50% by 2030, using a 2018 baseline. Additionally, Kone is committed to reducing Scope 3 GHG emissions from purchased goods and services and the use of sold products by 40% per ordered product over the same period. They also plan to increase their annual sourcing of renewable electricity from 33% in 2018 to 100% by 2030. These targets are validated by the Science Based Targets initiative (SBTi) as consistent with limiting global warming to 1.5°C.

Earlier, Kone had an objective to reduce its facility-related carbon footprint (Scope 1 and 2) by 15% by 2022, against a 2017 baseline. For 2024, Kone had an interim target to achieve a 25% reduction in absolute Scope 1 and 2 carbon footprint from the 2018 baseline.