Sustainability Governance

Sustainability work at Konecranes is embedded into our governance processes at several levels. The Board of Directors reviews sustainability performance and approves the long-term focus annually. Sustainability themes and metrics are regularly on the agenda of the Konecranes Leadership Team.

Operational sustainability activities, such as projects, programs and processes, are reviewed by the Sustainability Council and managed by the Konecranes’ Sustainability team together with our three Business Areas. In addition, we have an executive-level Compliance & Ethics Committee to oversee the implementation and development of our compliance & ethics program managed by the Head of Compliance & Ethics.

Our operations and ways of working are guided by Konecranes’ Code of Conduct and our values and principles for economic, social and environmental responsibility. In practical terms, this means conducting business on high ethical standards and extending these principles also down the supply chain.

 

Sustainability governance structure

 

We are committed to providing our customers with eco-efficient solutions and services while preventing and minimizing emissions. In addition, we pay special attention to the use of efficient logistics and packaging, minimizing waste and reusing and recycling as much as possible. To continuously improve our performance, we have set a target of all our manufacturing sites being ISO 14001:2015 EMS certified by the end of 2022. Currently 80% of our factories have an ISO 14001 environmental management system in place that requires continuous development and the establishment of local annual targets. Our commitments concerning environmental responsibility can be found in our Code of Conduct and in our Environmental Policy, which outlines our principles for managing the environmental impact of Konecranes sites, products and services. To help mitigate risks and drive ethical practices in our supply chains, we use our Supplier Code of Conduct as a supporting document emphasizing the corporate responsibility standards, we expect from third parties. Konecranes performs due diligence and background checks on suppliers and subcontractors before entering into business relationships.