Potential offtaker

KONE Corporation

www.kone.com

Estimated electricity consumption

N/A

Countries of production presence

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KONE Corporation is a leading global player in the elevator and escalator industry, with headquarters in Helsinki, Finland. The company was founded in 1910 and has since then been at the forefront of innovation in the industry, providing sustainable solutions that move people safely and efficiently in urban environments.

KONE's mission is to improve the flow of urban life, and it does so by providing innovative solutions that enhance the user experience, reduce energy consumption, and minimize the environmental impact of its operations. The company has a strong commitment to sustainability and decarbonization, and it has set ambitious targets to reduce its carbon footprint and increase the use of renewable energy sources in its operations.

One of the key areas of focus for KONE is decarbonization, which refers to the process of reducing greenhouse gas emissions in order to mitigate the impacts of climate change. KONE is committed to reducing its carbon footprint by 50% by 2030, and it has set a target to achieve carbon neutrality by 2030. To achieve these goals, the company is implementing a range of measures, including the use of renewable energy sources, energy-efficient technologies, and sustainable materials.

KONE is also committed to using renewable energy sources in its operations, and it has set a target to source 50% of its electricity from renewable sources by 2025. The company has already made significant progress towards this goal, with 44% of its electricity coming from renewable sources in 2020. To further increase its use of renewable energy, KONE has entered into corporate power purchase agreements (PPAs) with renewable energy providers. These agreements enable KONE to purchase renewable energy directly from the source, and they help to support the development of new renewable energy projects.

Corporate energy is another area of focus for KONE, and the company is committed to reducing the energy consumption of its operations. KONE has set a target to reduce the energy consumption of its elevators and escalators by 50% by 2020, compared to 2010 levels. To achieve this goal, the company is implementing a range of energy-efficient technologies, such as regenerative drives, LED lighting, and standby mode. These technologies help to reduce the energy consumption of KONE's elevators and escalators, while also improving their performance and reliability.

KONE's commitment to sustainability and decarbonization is reflected in its products and services, which are designed to minimize the environmental impact of urban transportation. The company's elevators and escalators are designed to be energy-efficient, safe, and comfortable, and they incorporate a range of sustainable features, such as regenerative drives, LED lighting, and eco-efficient materials. KONE also offers a range of services that help to optimize the performance of its elevators and escalators, such as predictive maintenance and remote monitoring. These services help to reduce downtime, improve energy efficiency, and extend the lifespan of KONE's products.

In addition to its focus on sustainability and decarbonization, KONE is also committed to innovation and technology leadership. The company invests heavily in research and development, and it has a strong track record of introducing new and innovative products and services to the market. KONE's products and services are designed to meet the evolving needs of urban transportation, and the company is constantly exploring new technologies and solutions to enhance the user experience, improve energy efficiency, and reduce the environmental impact of its operations.

In conclusion, KONE Corporation is a leading global player in the elevator and escalator industry, with a strong commitment to sustainability, decarbonization, and innovation. The company is committed to reducing its carbon footprint, increasing the use of renewable energy sources, and minimizing the environmental impact of its operations. Through its products and services, KONE is helping to improve the flow of urban life, while also contributing to a more sustainable and resilient future.

✓ Science Based Targets member
✓ Declared Net Zero commitment