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KONE awarded as Supplier Engagement Leader by CDP

Press Release Published 02/04/2020

KONE Corporation, press release, February 4, 2020



KONE, a global leader in the elevator and escalator industry, has been awarded a position on the CDP 2019 Supplier Engagement Leaderboard. The company ranks among the top 3% of organizations assessed by CDP. Earlier this year, KONE also achieved a place on CDP's prestigious 'A List' for Climate Change and was the only elevator and escalator company to demonstrate actions to cut emissions, mitigate climate risks and develop a low-carbon economy.

"In today's world, companies need to better understand their indirect impacts and continue to work to mitigate climate risks as well as to make the most of low-carbon business opportunities. We are delighted to be included in CDP's Supplier Engagement Leaderboard, which recognizes KONE as a global leader for engaging with our suppliers," said Hanna Uusitalo, environmental director at KONE.


KONE works with approximately 19,000 suppliers, which provide the company with raw materials, components and modules, as well as logistics and installation services. As a responsible corporate citizen and business partner, KONE aims to make a positive impact throughout the value chain. Taking responsibility for the environment and sustainability more broadly is included in the KONE Supplier Code of Conduct.

CDP is a global non-profit that runs the world's leading environmental disclosure platform. Over 4,800 companies in total were assessed by CDP and given a Supplier Engagement Rating, based on answers to selected questions about governance, targets, scope 3 emissions, and value chain engagement of their response to the CDP 2019 climate change questionnaire and their overall CDP climate change score. This year, 159 companies made the Leaderboard.

The Supplier Engagement Leaderboard follows on from CDP's most recent supply chain report, Changing the Chain, which showed the vast potential for driving climate action at scale in the supply chain. The report found that major companies working with CDP have potential to cut a gigaton of emissions by driving their suppliers to increase their average proportion of renewable power by 20 percentage points.

In 2019, over 8,400 companies disclosed environmental data through CDP at the request of 125 major purchasing organizations with US$3.6 trillion in purchasing spend, and 525 investors with US$96 trillion in assets, making it the gold standard in corporate environmental reporting.


For further information, please contact: 
Hanna Rutanen, Director, External Communications, KONE Corporation, tel. +358 41 507 1361, media@kone.com
Hanna Uusitalo, Environmental Director, KONE Corporation, tel. +358 50 533 3177



Read more: 
CDP 2019 full list of Supplier Engagement Leaders
KONE's Sustainability Report 2018 (PDF)
Sustainability on our website 
KONE Supplier Code of Conduct


Previous press releases are available at https://www.kone.com/en/news-and-insights/releases/ including: 
January 22, 2020: KONE recognized for outstanding climate and sustainability performance by both CDP and Corporate Knights 
January 23, 2019: KONE ranked among the world's most sustainable companies by Corporate Knights
January 23, 2019: KONE recognized for solid climate performance with a CDP 2018 A- score 
October 12, 2018: Forbes recognizes KONE as one of the best employers in the world



About KONE
At KONE, our mission is to improve the flow of urban life. As a global leader in the elevator and escalator industry, KONE provides elevators, escalators and automatic building doors, as well as solutions for maintenance and modernization to add value to buildings throughout their life cycle. Through more effective People Flow®, we make people's journeys safe, convenient and reliable, in taller, smarter buildings. In 2019, KONE had annual sales of EUR 10 billion, and at the end of the year approximately 60,000 employees. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland.
www.kone.com

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