The strategic role of Sustainability

• Providing solutions for safe, uninterrupted and secure material handling 

• Ensuring uncompromised safety in our own operations and supply chain 

• Supporting our customers in reaching their low-carbon targets with our offering 

• Maximizing lifecycle value and eliminating waste with circular solutions throughout the whole value chain 

• Working towards carbon neutral own operations 

• Supporting human rights in our value chain 

• Ensuring a fair and engaging workplace 

• Representing the multicultural communities where we operate 

• Embedding sustainability, compliance and ethical requirements in our business processes 

• Following strong governance on sustainability, compliance and ethics

In September 2022, Konecranes received a Gold rating from EcoVadis for the second time. The company’s actions, policies and reporting put it in the top 2% of its general-purpose machinery peers, and in the top 7% of all rated companies globally. 

EcoVadis provides holistic sustainability ratings service of companies. The EcoVadis Rating covers a broad range of non-financial management systems including Environmental, Labor & Human Rights, Ethics and Sustainable Procurement impacts. Each company is rated on the material issues as they pertain to their company's size, location and industry.

Konecranes keeps EcoVadis Gold rating | Expert Article | Konecranes

Read more on EcoVadis Sustainability Rating.

In 2022, Konecranes has received an A- rating in CDP's annual climate program, recognition of its ambitious efforts to make holistic climate disclosures and climate risk and opportunities management a business norm. The rating improved from last year’s B, elevating Konecranes into the Leadership ranking. The measurement is based on the company's disclosures about its actions to cut emissions, manage and mitigate climate risks and develop a low-carbon offering.

CDP is an international non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. CDP urges companies and cities to take action in building a truly sustainable economy by measuring their environmental impact.

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In May 2023, Konecranes received an ESG Risk Rating of 14.4 and was assessed by Sustainalytics to be at Low risk of experiencing material financial impacts from ESG factors. Sustainalytics ESG Risk Rating is categorized across five risk levels, and it analyses company exposure and risk management across industry relevant themes. 

Sustainalytics, a Morningstar company, is a leading independent ESG research, ratings and data firm that supports investors around the world with the development and implementation of responsible investment strategies. Sustainalytics works with hundreds of the world’s leading asset managers and pension funds who incorporate ESG and corporate governance information and assessments into their investment processes. The firm also works with hundreds of companies and their financial intermediaries to help them consider sustainability in policies, practices and capital projects.

Read more on Sustainalytics ESG Risk ratings.

Copyright ©2021 Sustainalytics. All rights reserved. This section contains information developed by Sustainalytics (www.sustainalytics.com). Such information and data are proprietary of Sustainalytics and/or its third party suppliers (Third Party Data) and are provided for informational purposes only. They do not constitute an endorsement of any product or project, nor an investment advice and are not warranted to be complete, timely, accurate or suitable for a particular purpose. Their use is subject to conditions available at https://www.sustainalytics.com/legal-disclaimers.

In 2022, Konecranes received a rating of AA in the MSCI ESG Ratings assessment.

MSCI ESG Research provides MSCI ESG Ratings on global public and a few private companies on a scale of AAA (leader) to CCC (laggard), according to exposure to industry-specific ESG risks and the ability to manage those risks relative to peers.
Read more on MSCI ESG Ratings.

THE USE BY KONECRANES OF ANY MSCI ESG RESEARCH LLC OR ITS AFFILIATES (“MSCI”) DATA, AND THE USE OF MSCI LOGOS, TRADEMARKS, SERVICE MARKS OR INDEX NAMES HEREIN, DO NOT CONSTITUTE A SPONSORSHIP, ENDORSEMENT, RECOMMENDATION, OR PROMOTION OF KONECRANES BY MSCI.  MSCI SERVICES AND DATA ARE THE PROPERTY OF MSCI OR ITS INFORMATION PROVIDERS, AND ARE PROVIDED ‘AS-IS’ AND WITHOUT WARRANTY. MSCI NAMES AND LOGOS ARE TRADEMARKS OR SERVICE MARKS OF MSCI.

In 2023, Konecranes received a Prime status in the ISS ESG Corporate Rating. Konecranes was rated in the best decile among Industrial Machinery & Equipment and it was among the top performers with the B- rating.

Prime status is awarded to companies with an ESG performance above the sector-specific Prime threshold, which means that they fulfil ambitious absolute performance requirements.

ISS performs an ESG rating analysis annually based on publicly available material. ISS ESG Rating transparently provides useful benchmark assessments with regard to the decile rank within a sector or peer group as well as the top five performers within a sector, absolute score distributions in an industry or peer group and key issue performance compared to the sector average. 

Read more on ISS ESG Corporate Rating.

In 2022, Konecranes received a Robust status in the Moody’s ESG Solutions’ ESG Scorecard. Konecranes was ranked as the seventh best (out of total 57) among the sector Mechanical Components and Equipment.

Moody’s ESG Scorecard provides an executive summary of the entity’s ESG performance as determined by Moody's ESG Solutions.

Moody’s ESG Solutions is a business unit of Moody’s Corporation that serves the growing global demand for ESG and climate insights. The group’s comprehensive offering includes ESG scores, climate data, Sustainability Ratings and Sustainable Finance certifier services that help fulfil the broad spectrum of ESG-related goals in risk management, equity and credit markets.

Read more on Moody’s ESG Solutions