KONE included on CDPís Carbon Disclosure Climate Leadership Index
KONE, for the first time, is featured as one of the 26 companies in the Carbon Disclosure Projectís (CDP) Nordic Carbon Disclosure Leadership Index. KONE has been commended by the Carbon Disclosure Project (CDP), which represents 551 institutional investors with USD 71 trillion in assets under management, for its approach to the disclosure of climate change information.
The elevator and escalator industry plays a vital role in countering climate change by helping to reduce the energy consumption of new and existing buildings. KONE is helping to combat climate change and contributing toward next-generation green buildings by delivering eco-efficient elevator, escalator, and automatic door solutions for LEED-rated and net-zero energy buildings. Furthermore, modernizing equipment in existing buildings can result in up to 70 percent energy savings for elevators and 40 percent for escalators.
KONEís carbon footprint analysis reveals that less than one tenth of KONEís emissions are a result of its operations. Therefore KONE has focused on improving the environmental footprint of its products and solutions, and has accomplished significant improvements. In November 2010, KONE announced that it had achieved its ambitious target of 50% reduction in the energy consumption of its new range of volume elevators. Furthermore, KONE was the first elevator company to achieve the VDIís top A-class energy rating for its elevators.
KONE has also reduced its operational carbon footprint by implementing programs that aim to improve the eco-efficiency of the company car fleet, by reducing KONEís electricity consumption, by rearranging packaging and logistics practices and by increasing the use of virtual meeting tools. KONE has set a target to reduce its operational carbon footprint three percent annually by 2013. In addition KONE aims to further improve the energy efficiency of the next generation of KONE elevators and escalators.
ďIt is rewarding for all of us at KONE to receive recognition for our hard work in reducing CO2 emissions and for openly reporting on our progress,Ē says Hanna Uusitalo, Environmental Director at KONE.
The Carbon Disclosure Leadership Index highlights the constituent companies with the Nordic OMX Index Series which have displayed the most professional approach to corporate governance regarding climate change information disclosure practices. Companies are scored on their climate change disclosure and high scores indicate good internal data management and understanding of climate change related issues affecting the company.
More information can be found at www.kone.com/sustainability.
KONE is one of the global leaders in the elevator and escalator industry. The company has been committed to understanding the needs of its customers for the past century, providing industry-leading elevators, escalators and automatic building doors as well as innovative solutions for modernization and maintenance. The companyís objective is to offer the best people flow experience by developing and delivering solutions that enable people to move smoothly, safely, comfortably and without waiting in buildings in an increasingly urbanizing environment. In 2010, KONE had annual net sales of EUR 5 billion and approximately 33,800 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd in Finland.
The Carbon Disclosure Project (CDP) is an independent not-for-profit organisation holding the largest database of primary corporate climate change and water information in the world. Some 3,000 organisations across the worldís largest economies now measure and disclose their greenhouse gas emissions and assessment of climate change risk and opportunity through CDP, in order that they can set reduction targets and make performance improvements. This data is gathered on behalf of 551 institutional investors, holding USD 71 trillion in assets. For more information visit www.cdproject.net.
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