KONE Oyj Class B represents the publicly traded shares of KONE Oyj, a Finland-based global leader in the elevator and escalator industry founded in 1910 and headquartered in Espoo. The company special... KONE Oyj Class B represents the publicly traded shares of KONE Oyj, a Finland-based global leader in the elevator and escalator industry founded in 1910 and headquartered in Espoo. The company specializes in manufacturing elevators, escalators, and automatic building doors, while delivering comprehensive lifecycle services such as installation, maintenance, modernization, and complete replacement solutions to improve building accessibility and user experience. Operating within the industrials sector, particularly specialty industrial machinery and building products, KONE serves a diverse global customer base across commercial, residential, and public infrastructure projects. With approximately 64,653 employees, it achieves annual revenue surpassing €11 billion and net income around €951 million, demonstrating substantial operational scale and efficiency. These Class B shares, which provide voting rights in collective blocks of 10, highlight KONE's pivotal role in urban mobility and vertical transportation, advancing sustainable building solutions worldwide. Led by CEO Philippe Delorme, the company continues to drive innovation in producer manufacturing for modern infrastructure needs.
In 2024, Kone was subject to the Corporate Sustainability Reporting Directive (CSRD)'s requirements, which mandated the company to publish EU Taxonomy disclosures.
The company reported the eligibility and alignment of Turnover, Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) with the EU Taxonomy, helping assess the extent to which its business activities align with Europe's environmental sustainability goals.
Kone has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of Kone are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.
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Total Taxonomy Aligned Turnover
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Total Taxonomy Eligible Turnover
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3.6 CCM/CCA - Manufacture of other low carbon technologies
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4.1 CE - Provision of IT/OT data-driven solutions
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5.1 CE - Repair, refurbishment and remanufacturing
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2023
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2021 - 2017
Total Taxonomy Aligned Opex
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Total Taxonomy Eligible Opex
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2023
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Total Taxonomy Aligned Capex
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Total Taxonomy Eligible Capex
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Limited Data Preview
You are viewing a limited preview of Kone’s EU Taxonomy dataset. The full dataset, available for download, includes eligibility and alignment metrics for turnover, CAPEX, and OPEX across all EU Taxonomy categories, at both aggregate and activity level, with historical coverage back to 2022.
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a. Kone's Annual Review 2024
b. Kone's Annual Review 2023
c. Kone's Annual Review 2022
Insights into Kone's Revenues from Sustainable Activities
In 2024, Kone reported EU Taxonomy-eligible revenues of EUR 5.08 billion, representing 45.8% of its total turnover. Of this amount, EUR 4.93 billion of Kone's revenues was classified as EU Taxonomy-aligned, indicating that 44.4% of the revenue-generating activities undertaken by the company substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Kone's Taxonomy-Eligible Turnover Over Time
Total Taxonomy Eligible Turnover
Total Taxonomy Aligned Turnover
Have Kone's revenues become more sustainable over time?
Since 2022, Kone's taxonomy-aligned revenues increased by 214.89%,reflecting a sustained upward trend in environmentally sustainable revenue generation.a, c
Compared to the previous year (2023), Kone's taxonomy-aligned revenues increased by 339.6%,highlighting Kone's deeper integration of environmentally sustainable activities into its core business model, or improved classification and reporting of those activities under the EU Taxonomy.a, b
How much of Kone's revenue is eligible under the EU Taxonomy?
In 2024, Kone reported that EUR 5.08 billion of its revenue was eligible under the EU Taxonomy, representing 45.8% of the company's total turnover. Of this amount, EUR 4.93 billion (44.4% of total revenue) was classified as Taxonomy-aligned. This means that 1.4% of Kone's revenue is eligible but not aligned, indicating that these activities did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards.a
How much of Kone's eligible revenue is aligned with the EU Taxonomy?
In 2024, Kone reported that EUR 4.93 billion of its revenue was aligned under the EU Taxonomy, representing 44.4% of its total turnover.a
This moderate level of alignment indicates that Kone has begun shifting toward more sustainable operations but still has considerable room to enhance its green offerings.
Kone's Eligibility & Alignment Overview
Kone's Contribution to Environmental Objectives
Total Taxonomy Aligned Turnover
How is Kone's taxonomy-aligned revenue distributed across the EU environmental objectives?
In 2024, Kone reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 16.7%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 27.7%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much revenue does Kone earn from selling climate-related solutions ?
In 2024, Kone reported that EUR 1.85 billion of its total revenue was associated with activities contributing to the EU taxonomy climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This accounted for 16.7% of the company's total revenue,indicating that Konehas a moderate focuson solutions that support climate action through its commercial activities.a
Insights into Kone's CAPEX from Sustainable Activities
In 2024, Kone reported EU Taxonomy-eligible CAPEX of EUR 160.00 million,representing 30.6% of its total CAPEX. Of this amount, EUR 0 of Kone's CAPEX was classified as EU Taxonomy-aligned, indicating that 0% of the company's investments were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Insights into Kone's OPEX from Sustainable Activities
In 2024, Kone reported EU Taxonomy-eligible OPEX of EUR 0,representing 0% of its total operating expenses (OPEX). Of this amount, EUR 0 of Kone's OPEX was classified as EU Taxonomy-aligned, indicating that 0% of the company's operating expenses were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
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