The strategic role of sustainability

Managing sustainability

 

Future-proofing Konecranes’ business means providing advanced low-carbon and energy-efficient technology into products and services that enable our customers to shift to a low-carbon future, accelerating circular economy. On top of tangible sustainability benefits, we create value through enhancing circularity and through our deeply rooted safety culture. Sustainability has become even more relevant not only for our customers but also financiers and especially our employees. We have set  targets for all focus areas and regularly monitor our performance and progress. Read more about how we manage our major economic, environmental and social impacts from our Sustainability Report 2020.

The solutions provided by our three Business Areas – Service, Industrial Equipment and Port Solutions – complement each other and enable our customers to meet their lifting and material handling needs through one supplier. We are a part of our customers’ processes, as they do not only invest in equipment and services but look for solutions they can rely on. We constantly strive to improve our performance in product design, service solutions, safety and sustainability to stay ahead of our customers’ needs.

Read more from the Targets and progress section.

 

Key highlights from 2020

Maintaining health and safety in the era of COVID-19

The year 2020 was exceptional in Health and Safety due to the global COVID-19 pandemic. The pandemic has had an impact on both our employees and our customers and subcontractors, necessitating precautions at our own factories and customer sites. We are a key enabler of secure material flow, also in crisis situations. We ensure maintenance, repair and spare parts in all industries, but essentially in critical process industries such as waste-to-energy plants and in the ports. We have had to retain our level of operations to be able to support our customers in delivering those essential services, but doing it in a way that protects both our own employees and customer staff.  We have received positive feedback from both our employees and our customers on our response and guidelines.  

 

Advancing the culture of diversity & inclusion

We aspire to represent the multicultural communities in which we operate, and we made clear progress in 2020 on our diversity and inclusion roadmap. Wanting to raise awareness globally and locally, we trained the organization about unconscious biases and the importance of founding the company’s culture on diversity and inclusion (D&I). The unconscious bias e-learning is mandatory for all employees. As part of our talent development initiatives, we introduced several programs to accelerate the representation of women in leadership positions. In addition, D&I activities were used to boost the sense of togetherness especially during the COVID-19 pandemic. 

 

Finding the focus points in managing human rights

To ensure we are on top of typical human rights risks that exist in the sectors and countries in which we operate, we conducted a human rights risk screening in 2020 with the help of an external service provider. To manage and mitigate possible risks, we have strong programs in place addressing health, safety and privacy, among others. In order to preserve employee rights, Konecranes applies dedicated management processes as well as a centralized compliance approach.

 

Advancing our climate roadmap

Limiting global warming requires decarbonization of all industry sectors, and everyone should analyze their ability to do their part. In 2020, we continued discussions with top management and conducted a set of workshops for all business areas and the procurement function to define detailed climate-related risks and opportunities. Based on this work, we will sharpen our Climate roadmap for years to come. In December, Konecranes signed the Science Based Targets Initiative (SBTi) letter of commitment and will define new climate targets for its operations, reinforcing its commitment to mitigate climate risks, cut emissions and enhance its low-carbon portfolio.

 

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