KONE scores full marks in CDP 2014 climate change reporting

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Oct 21, 2014, 10:01 ET

LISLE, Ill., Oct. 21, 2014 /PRNewswire/ -- KONE, a global leader in the elevator and escalator industry, received the best possible score of 100 in the CDP 2014 reporting. Only five companies out of the 260 covered by the CDP Nordic report were able to reach full 100 points. The high score indicates excellent data management, transparent communication and understanding of climate change-related issues affecting the company – from solutions to the company's own operations and the whole supply chain.

The company's result has risen steadily for five consecutive years. KONE is also included in the Carbon Disclosure Leadership Index (CDLI) for the fourth year running. CDLI highlights companies providing transparency in their disclosure of climate-related information, and lists the top 10 percent of the companies included in the CDP Nordic report.

"These results reflect our efforts to further improve our environmental excellence and be the most eco-efficient company in our industry," said Larry Wash, CEO of KONE Americas. "We are very proud of our achievements in minimizing our carbon footprint, and I want to thank everyone who has contributed to this great success."

KONE's long-term environmental objectives are to further improve the eco-efficiency of its solutions, modernize existing elevators and escalators to make them more energy-efficient, and to further reduce the environmental impact of its operations – especially its carbon footprint. For instance in 2013, KONE succeeded in decreasing the company's relative operational carbon footprint by 3.5% compared to the previous year. This was achieved by improving the logistics operations and vehicle fleet, by reducing electricity consumption, and by increasing the use of virtual meeting tools.

In addition to carbon disclosure, CDP evaluates companies on their performance in mitigating climate change on a scale of A to E. KONE's score is A-, the same as in the previous year. Scores from A to B are considered high performance.

CDP is an international, not-for-profit organization providing the only global system for companies and cities to measure, disclose, manage and share vital environmental information. CDP works with market forces, including 768 institutional investors with assets of USD 92 trillion, to motivate companies to disclose their impacts on the environment and natural resources and take action to reduce them. CDP now holds the largest global collection of primary climate-change, water and forest risk commodities information.

"Global greenhouse gas emissions continue to rise and we face steep financial risk if we do not mitigate them. The need for data on corporate climate change impacts and strategies to reduce them has never been greater. For this reason we congratulate those businesses that have achieved a position on CDP's Climate Disclosure Leadership Index. These companies are responding to the ever-growing demand for environmental accountability and should inspire others to follow suit," says Paul Simpson, Chief Executive Officer of CDP.

Complete lists of CDP leaders along with the climate disclosures of all companies publicly taking part in CDP's climate change program this year are available on CDP's website: https://www.cdp.net/en-US/Results/Pages/reports.aspx

More information on KONE's Environmental Excellence program can be found at www.kone.com/sustainability.

For further information, please contact:
Hanna Uusitalo, Environmental Director, KONE Corporation, tel. +358 20 475 3573

About KONE
KONE is one of the global leaders in the elevator and escalator industry. KONE's objective is to offer the best People Flow® experience by developing and delivering solutions that enable people to move smoothly, safely, comfortably and without waiting in buildings in an increasingly urbanizing environment. KONE provides industry-leading elevators, escalators, automatic building doors and integrated solutions to enhance the People Flow in and between buildings. KONE's services cover the entire lifetime of a building, from the design phase to maintenance, repairs and modernization solutions. In 2013, KONE had annual net sales of EUR 6.9 billion, and at the end of the year over 43,000 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd in Finland.

www.kone.com

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