The strategic role of sustainability

Managing sustainability

In an interconnected world, material flows sustain the well-being of people, success of businesses and functions of societies. Konecranes’ customers run these flows every minute, around the world.

Together with customers and business partners, our resourceful people make lifting and material flows more productive and sustainable. We maximize lifecycle value and eliminate waste of resources, energy and time throughout the whole value chain. Konecranes’ knowledge and innovative technologies, solutions and services are the key link in material flows. Our culture is rooted on uncompromised safety, high ethics and diversity and inclusion. We work for a decarbonized and circular world for customers and society.Sustainability cornerstones

Our key sustainability themes are combined into five sustainability cornerstones: eco-optimized offering and circularity; climate action and resource efficiency; safe workplace and products; diverse, inclusive and engaging workplace; and responsible business conduct. The Sustainability cornerstones are the foundation of Konecranes sustainability work. 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.
 

 

      Our sustainability commitments

      We support our customers in reaching their low-carbon targets with our solutions

      • Accelerating circularity at all levels of operations
      • Reaching Science Based Targets for value chain emissions

      We work to decarbonize our own operations

      • Reaching emission targets for own operations
      • Power our factories with 100% renewable electricity

      We make sure everyone gets to go home safe, every day

      • Uncompromised safety in our operations
      • Solutions that deliver the safest material flow

      We represent the multicultural communities where we operate

      • Equality, diversity and inclusion culture are embedded in our values
      • We enjoy our work, feel trusted and valued and are proud to belong to Konecranes

      We are a trusted partner known for our integrity

      • We expect the highest ethical standards of ourselves and our business partners
      • We do business in a direct, clear and ethical manner

      Highlights 2020

      • We maintained and delivered equipment to support our customers in the safe and efficient delivery of critical services during COVID-19
      • We accelerated plans to increase the number of women in leadership roles and conducted company-wide unconscious bias training
      • We defined our climate related risks and opportunities to drive an impactful climate roadmap and committed to the Science Based Targets Initiative (SBTi)
      • We conducted a human rights risk screening in 2020 to manage and mitigate possible risks and set up strong programs and processes.

      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

       

      Recognitions

      Konecranes actively and regularly responds to sustainability indexes and questionnaires such as MSCI ESG, CDP, ISS ESG, Ecovadis, Vigeo Eiris, and Sustainalytics. Konecranes’ sustainability work has been recognized with top ratings from distinguished sustainability indexes. In addition, Konecranes is a signatory member of the UN Global Compact and committed to UN Sustainable Development Goals.

      EcoVadis assessment results

      EcoVadis Gold medalKonecranes has received a Gold rating from EcoVadis for its ambitious sustainability work, its highest-ever placing. The company’s actions, policies and reporting put it in the top 4% of all rated companies globally, and it is in the top 1% of its general-purpose machinery peers.

      Konecranes responds annually to EcoVadis sustainability assessment and receives third party rating for our sustainability management practises and performance. The evaluation is automatically shared in EcoVadis portal with certain customers using EcoVadis service, but the scorecard can be shared on needs basis also with other stakeholders.

       
      CDP Climate questionnaire

      CDP logoIn 2021, Konecranes has received B rating for its ambitious climate work. The measurement is based on the company's 2020 disclosure about its actions in the last reporting year to cut emissions, mitigate climate risks and develop the low-carbon economy.