KONE Oyj

Industrial Machinery
KNEBV.HE
€ 39 (1.4)%
Share price
$ 20 bn
Market Cap
$ 18 bn
Enterprise Value

Carbon footprint

7.2 Ton
GHG emissions per $ 1 mln investment
0.18x the weighted average for S&P 500
FY2021
How is this calculated?
-3.1%
YOY change in GHG emissions
Weaker than the +4.9% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-4.6%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -6.6% weighted average for S&P 500
FY2022
How is this calculated?

KONE Oyj aims to reduce Scope 1 + 2 by 50% by 2030 from a base year 2018


1.5°C
KONE Oyj's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

Secondary Climate Goal

-11%
Proj. YOY change in GHG emissions (all Scopes)
Stronger than the -7.1% weighted average for S&P 500
FY2022
How is this calculated?

KONE Oyj aims to achieve carbon neutrality for all Scopes by 2030


1.5°C
KONE Oyj's actual and proj. GHG emissions (all Scopes) (Kt of CO2e)

GHG emissions and Carbon intensity

KONE Oyj's GHG emissions (market-based) (Kt of CO2e)
KONE Oyj's Carbon intensity (Tons per 1 USDm)

KONE Oyj's carbon footprint

KONE Oyj reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 131 Kt (-4.2 /-3.1% y-o-y). Also positively, carbon intensity declined to 11 t (-1.1 /-9.5% y-o-y).

KONE Oyj's Scope 3 emissions was up at 15,454 Kt (+1,340/+9.5% y-o-y). The growth has slowed compared to the trend since 4Q'16 (CAGR +114%).

The company is committed to reducing Scope 1 + 2 by 50% by 2030 from a base year 2018, which translates into the estimated reduction of -6 Kt per annum over the period of FY2022 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Also, the company commits to achieving carbon neutrality for all Scopes by 2030, which translates into the estimated reduction of -1,732 Kt per annum over the period of FY2022 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

KONE Oyj aims to achive carbon neutrality across its entire value chain (all Scopes) in 2030. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.

Company environmental metrics

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