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 2024, Konecranes received a Gold rating from EcoVadis for a fourth year in a row. The company’s actions, policies and reporting put it in the top 1% of its general-purpose machinery peers, and in the top 2% 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 receives fourth straight Gold rating from EcoVadis for sustainability efforts, showing a clearly improved overall score | Trade press releases | Konecranes

Read more on EcoVadis Sustainability Rating.

In 2023, Konecranes received an A- rating for a second year in a row in CDP's annual climate program. This is a recognition of the company's ambitious efforts to make holistic climate disclosures and climate risk and opportunities management a business norm. The rating result puts Konecranes into the CDP's Leadership band, which is higher than the Europe regional average of B, and higher than the industry average of C. 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.

Read more on CDP scores.

In December 2024, Konecranes received an ESG Risk Rating of 13.0 and was assessed by Sustainalytics to be at Low risk of experiencing material financial impacts from ESG factors. 

Morningstar Sustainalytics’ ESG Risk Ratings measure a company’s exposure to industry-specific material ESG risks and how well a company is managing those risks. This multi-dimensional way of measuring ESG risk combines the concepts of management and exposure to arrive at an assessment of ESG risk, i.e. a total unmanaged ESG risk score or the ESG Risk Rating, that is comparable across all industries. Sustainalytics’ ESG Risk Ratings provide a quantitative measure of unmanaged ESG risk and distinguish between five levels of risk: negligible, low, medium, high and severe. Learn more about the ESG Risk Ratings here.

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In 2024, Konecranes received a rating of AAA 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.