Konecranes announced it has signed the commitment letter for the Science Based Targets Initiative (SBTi) and will define new climate targets for its operations in the coming months, reinforcing its commitment to cut emissions, further develop its low-carbon portfolio and mitigate climate risks.
Limiting global warming requires the decarbonization of all industry sectors. By committing to science-based targets, Konecranes is stepping up efforts to reduce its climate impact. The company is already charting the full carbon footprint from its own operations and supply chain as well as from the solutions it provides for its customers.
“At Konecranes we have continually challenged ourselves over the past years to find innovative ways to reduce our carbon footprint, and based on that work we are now ready to reduce our climate impact even further,” said Konecranes President and CEO Rob Smith.
“By committing to the SBTi we are agreeing to establish targets that are science-based and binding, not only for Konecranes but for our supply chain partners and our products. This is a level of ambition that will drive and inspire us as a company,” Smith said.
The SBTi is a global initiative that directly links a company’s carbon emission targets to the Paris Agreement in order to keep the rise in global temperature below 1.5°C. It supports companies in establishing greenhouse gas reduction targets based on the latest climate science and the goals of the Paris Agreement. Konecranes’ new science-based targets that will be set next year will be validated by the SBTi.
Climate action and resource efficiency are one of the five cornerstones of Konecranes’ sustainability work. In addition, they focus on sustainable offering and circularity; a safe workplace and products; a diverse, inclusive, and engaging workplace; and responsible business conduct. Earlier in December, Konecranes received recognition for its ambitious climate work, earning an A- rating in the CDP’s climate program and a Leadership ranking.