Tk Elevator Sustainability Profile
Tk Elevator, headquartered in Düsseldorf, Germany, is a leading player in the global elevator and escalator industry. Founded in 2020, the company emerged from the legacy of Thyssenkrupp Elevator, building on decades of expertise in vertical transportation solutions. Tk Elevator operates extensively across Europe, North America, and Asia, providing innovative mobility solutions tailored to diverse environments. Specialising in the design, manufacturing, installation, and maintenance of elevators, escalators, and moving walkways, Tk Elevator distinguishes itself through its commitment to sustainability and cutting-edge technology. The company’s core offerings include smart elevators equipped with IoT capabilities, enhancing efficiency and user experience. With a strong market position, Tk Elevator has garnered recognition for its focus on safety, reliability, and customer-centric solutions, solidifying its reputation as a trusted name in the industry.
DitchCarbon Score
How does Tk Elevator's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Machinery and Equipment industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Tk Elevator's score of 85 is higher than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Tk Elevator's reported carbon emissions
In 2024, TK Elevator reported total carbon emissions of approximately 6,000,000 kg CO2e from Scope 3, alongside 115,383,000 kg CO2e from Scope 1 and 8,264,000 kg CO2e from Scope 2. The company has set ambitious climate commitments, aiming for a 53% reduction in absolute Scope 1 and 2 emissions by 2030, relative to a 2019 baseline. Additionally, TK Elevator plans to reduce Scope 3 emissions from the use of sold products by 23% by 2030, using a 2021 baseline. The company has also pledged to achieve Net Zero emissions by 2050, demonstrating a long-term commitment to sustainability. TK Elevator is on track to increase its sourcing of renewable electricity from 1% in 2019 to 100% by 2030, further enhancing its climate strategy. These targets are aligned with the Science Based Targets initiative (SBTi) and reflect the company's dedication to addressing climate change effectively.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 121,666,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 54,271,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | - | - | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Tk Elevator's Industry?
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Tk Elevator's Scope 3 Categories Breakdown
Tk Elevator's Scope 3 emissions, which decreased by 3% last year and increased by approximately 17% since 2021, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 63% of Scope 3 emissions.
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Tk Elevator's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Tk Elevator has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Tk Elevator's sustainability data and climate commitments