Sustainability Governance

Sustainability work at Konecranes is embedded into our governance processes at several levels. The Board of Directors is the highest body overseeing sustainability. The Board of Directors also approves the long-term focus, ambition level and targets. The Konecranes Board of Directors’ Human Resources Committee is the official supervisory Board committee focusing on sustainability and is responsible for assisting and providing guidance and recommendations to the Board of Directors. The Board of Directors’ Human Resources Committee reviews the sustainability strategy implementation and the performance against set targets, business strategy and values as well as the long-term and short-term incentive plans including ESG metrics. The Board of Directors’ Audit Committee is the official supervisory body for overseeing the Corporate Sustainability Reporting. Konecranes’ President and CEO holds the highest executive-level responsibility on sustainability. The Konecranes Leadership Team plays a significant role in the company’s management system, strategy preparation and decision-making and is involved in the risk and financial planning process, but it has no official statutory position based on legislation or the Articles of Association. The Konecranes Leadership Team approves sustainability policies, strategy and targets and reviews sustainability performance monthly. 

The Sustainability Council, nominated by the Konecranes Leadership Team, advises and assists in overseeing the sustainability strategy, ambition and performance, as well as compliance with Konecranes’ sustainability-related policies and processes. The Sustainability Council also validates the materiality assessment, prepares policies, and oversees the implementation of the practices. The Sustainability Council follows risk and opportunity assessments and emerging trends and regulations, and is led by the Vice President, Sustainability. The Compliance & Ethics Committee oversees the development and quality of the Compliance & Ethics Program and is sponsored by the Executive Vice President, General Counsel.

In Konecranes’ organizational structure, the highest responsibility for operational sustainability work is with the Vice President, Sustainability, who reports directly to the President and CEO. 

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.

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