Kone awarded for environmental commitment
Kone Corporation has been ranked as the 43rd most sustainable company in the world by Corporate Knights Inc., a business magazine and ranking organization.
Kone was the only elevator and escalator industry company to make the Corporate Knights' 2019 Global 100 Most Sustainable Corporations in the World ranking, published on the sidelines of the World Economic Forum being held in Davos, Switzerland.
"Kone is a top performer in environmental performance and social responsibility, such as employee retention and board gender diversity," said Toby Heaps, CEO of Corporate Knights. He added that Kone ranked second among its 443 global category peers in the "Machinery Manufacturing" Corporate Knights Industry Group.
Based on a analysis of 7,500 companies
The Global 100 ranking is based on a rigorous analysis of 7,500 companies with revenues of over USD 1 billion. The performance of companies featured on the list is also compared against the MSCI All Country World Index, which measures global stock market activity and is maintained by Morgan Stanley Capital International.
"The Global 100 companies show that doing what is good for the world can also be good for financial performance," Heaps said in a statement on the Global 100, referring to the analyses which indicated that top sustainability performers tended to also provide better revenue for investors and have greater corporate longevity.
Kone has committed to conducting its business in a responsible and sustainable way and expects the same commitment from its suppliers. Kone is a signatory of the UN Global Compact and supports the UN Sustainable Development Goals.
Recognized for solid climate performance
Kone has been recognized as well for its actions and strategies to mitigate climate change. The company received a score of A- on climate action in the CDP 2018 list of the world's businesses leading on environmental performance. The score ranges from A to D, with A the best possible rating.
It is based on independent assessment against the scoring criteria of CDP, an international not-for-profit organization that runs a global disclosure system that enables companies, cities, states and regions to measure and manage their environmental impacts.
A or A- score for six consecutive years
Kone has disclosed through CDP since 2009 and has received an A or A- score for six consecutive years. More than 7,000 companies disclosed through CDP in 2018, and the reporting companies represent more than 50% of global market capitalization.
"Climate change is the biggest challenge of our time, and as a global company we recognize our responsibility in achieving low-carbon operations and providing smart and energy-efficient people flow solutions for our customers and the urbanizing world," says Hanna Uusitalo, environmental director at Kone.