Kone Oyj

Common Name
Kone
Country
Finland
Sector
Industrials
Industry
Specialty Industrial Machinery
Employees
64,036
Ticker
KNEBV
Exchange
NASDAQ HELSINKI LTD
Description
Kone Oyj is a leading global provider of elevators, escalators, automatic building doors, and integrated solutions, with a focus on creating exceptional user experiences. Established in 1910 and headq...

Kone's GHG Emissions Data Preview

In 2024, Kone completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Kone has also provided a category-level breakdown for 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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a
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0000000
Total Scope 2
Market-Based
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a
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b
0000000
Location-Based
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c
0000000
Total Scope 3
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a
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b
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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b
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0000000
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Verified Sources Behind Kone’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Kone’s data sources below and access millions more through our Disclosure Search.

a. Kone's Sustainability Report 2024
a. Kone's Sustainability Report 2024
b. Kone's Sustainability Report 2023
b. Kone's Sustainability Report 2023
c. Kone's Sustainability Report 2022
c. Kone's Sustainability Report 2022

Insights into Kone's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Kone amounted to 145,100 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Kone decreased by 0.75%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a b

Kone's Scope 1 Emissions Over Time

201820202021202220232024030 k60 k90 k120 ktCO2e-8%+8%-2%-2%-1%
  • Total Scope 1
  • Year-over-Year Change

What are Kone's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Kone were 112,500 metric tons of CO₂ equivalent (tCO₂e). a

Has Kone reduced its Scope 1 emissions over time?

Since 2018, Kone's Scope 1 emissions have decreased by 5.94%, reflecting a declining long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2023), Kone's Scope 1 emissions decreased by 1.49%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a b

What are Kone's Scope 2 emissions?

In 2024, Kone reported Scope 2 greenhouse gas (GHG) emissions of 1,400 tCO₂e using the market-based method and 32,600 tCO₂e using the location-based method. a

Has Kone reduced its Scope 2 emissions over time?

Since 2018, Kone's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 11.65%, reflecting a declining long-term trend in Scope 2 emissions over time. a

Compared to the previous year (2023), Kone's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Kone 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Kone use for Scope 2 reporting?

In 2024, Kone reported its Scope 2 emissions using the market-based method and using the location-based method. a

Kone's Scope 2 Emissions Over Time

20182020202120222023202409.5 k19 k28.5 k38 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Kone's Value Chain Emissions

In 2024, Kone reported 11,555,700 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2024 disclosure of Kone includes a breakdown across 5 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Kone's Scope 3 Emissions Over Time

20182020202120222023202404 M8 M12 M16 MtCO2e+12%+9%-15%-3%-9%
  • Total Scope 3
  • Year-over-Year Change

What are Kone's Scope 3 emissions?

In 2024, Kone reported total Scope 3 emissions of 11,555,700 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 36.82% of these emissions originated from upstream activities such as purchased goods and capital goods, while 63.18% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Kone reduced its Scope 3 emissions over time?

Since 2018, Kone's Scope 3 emissions have remained relatively stable, indicating that Kone 's emissions have plateaued with no significant change in its value chain footprint. a

Compared to the previous year (2023), Kone's Scope 3 emissions remained relatively stable, indicating that Kone 's emissions have plateaued with no significant change in its value chain footprint. a

What categories of Scope 3 emissions does Kone disclose?

In 2024, Kone reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol. a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Kone's Scope 3 emissions?

In 2024, the largest contributors to Kone's Scope 3 emissions were: a

  • Use of Sold Products (Cat. 11): 7,300,800 tCO₂e (63.18%)
  • Purchased Goods and Services (Cat. 1): 4,125,400 tCO₂e (35.7%)
  • Upstream Transportation and Distribution (Cat. 4): 107,400 tCO₂e (0.93%)

Kone's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(35.7%)Use of Sold Products(Cat. 11)(63.2%)

Insights into Kone’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Kone reported Scope 1 greenhouse gas (GHG) emissions of 112,500 tCO₂e and total revenues of USD 11,549 millions. This translates into an emissions intensity of 9.74 tCO₂e per millions USD. a

Kone's Scope 1 Emissions Intensity Compared to Peers

1001,00010,000100,0001,000,000Scope 1 Emissions (tCO2e)505002,00020,000100,000Revenues (Millions of USD)LVALLLead IntelligentYear: 2023Scope 1: 1,153 tCO2eRevenue: $M 2,340Scope 1 Intensity: 0.49 tCO2e/$MMetsoYear: 2024Scope 1: 37,670 tCO2eRevenue: $M 5,061Scope 1 Intensity: 7.44 tCO2e/$MCummins IndiaYear: 2025Scope 1: 7,541 tCO2eRevenue: $M 1,196Scope 1 Intensity: 6.30 tCO2e/$MVVVAT GroupYear: 2024Scope 1: 1,449 tCO2eRevenue: $M 1,040Scope 1 Intensity: 1.39 tCO2e/$MDoverYear: 2023Scope 1: 54,800 tCO2eRevenue: $M 8,438Scope 1 Intensity: 6.49 tCO2e/$MFlowserveYear: 2023Scope 1: 15,570 tCO2eRevenue: $M 4,321Scope 1 Intensity: 3.60 tCO2e/$MValmetYear: 2024Scope 1: 20,395 tCO2eRevenue: $M 5,577Scope 1 Intensity: 3.66 tCO2e/$MShanghai Electric GroupYear: 2024Scope 1: 86,106 tCO2eRevenue: $M 15,920Scope 1 Intensity: 5.41 tCO2e/$MNARI TechnologyYear: 2023Scope 1: 1,692 tCO2eRevenue: $M 7,257Scope 1 Intensity: 0.23 tCO2e/$MJungheinrichYear: 2024Scope 1: 49,600 tCO2eRevenue: $M 5,611Scope 1 Intensity: 8.84 tCO2e/$MKronesYear: 2024Scope 1: 20,887 tCO2eRevenue: $M 5,509Scope 1 Intensity: 3.79 tCO2e/$MWartsila Oyj AbpYear: 2024Scope 1: 37,066 tCO2eRevenue: $M 6,711Scope 1 Intensity: 5.52 tCO2e/$MRauteYear: 2023Scope 1: 365 tCO2eRevenue: $M 161Scope 1 Intensity: 2.27 tCO2e/$MIllinois Tool WorksYear: 2024Scope 1: 129,526 tCO2eRevenue: $M 15,898Scope 1 Intensity: 8.15 tCO2e/$MGlaston Oyj AbpYear: 2023Scope 1: 552 tCO2eRevenue: $M 243Scope 1 Intensity: 2.27 tCO2e/$MCumminsYear: 2023Scope 1: 294,863 tCO2eRevenue: $M 34,065Scope 1 Intensity: 8.66 tCO2e/$MSchindler HoldingYear: 2024Scope 1: 131,225 tCO2eRevenue: $M 12,408Scope 1 Intensity: 10.58 tCO2e/$MMitsubishi Heavy IndustriesYear: 2023Scope 1: 130,000 tCO2eRevenue: $M 31,553Scope 1 Intensity: 4.12 tCO2e/$MFanucYear: 2024Scope 1: 56,266 tCO2eRevenue: $M 5,251Scope 1 Intensity: 10.71 tCO2e/$MTHKYear: 2023Scope 1: 7,816 tCO2eRevenue: $M 2,488Scope 1 Intensity: 3.14 tCO2e/$MAAAccelleron IndustriesYear: 2024Scope 1: 2,723 tCO2eRevenue: $M 1,023Scope 1 Intensity: 2.66 tCO2e/$MA O SmithYear: 2019Scope 1: 71,824 tCO2eRevenue: $M 2,993Scope 1 Intensity: 24.00 tCO2e/$MTennantYear: 2024Scope 1: 23,937 tCO2eRevenue: $M 1,287Scope 1 Intensity: 18.60 tCO2e/$MKoneYear: 2024Scope 1: 112,500 tCO2eRevenue: $M 11,549Scope 1 Intensity: 9.74 tCO2e/$M

How does Kone's GHG emissions intensity compare to its peers?

In 2024, Kone reported a Scope 1 emissions intensity of 9.74 tCO₂e per millions USD. Compared to the peer group median of 5.41 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Kone rank on GHG emissions intensity within its industry?

In 2024, Kone ranked 20 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places Kone among the least efficient performers, with one of the highest emissions intensities in its sector. a

Insights into Kone's Total Carbon Footprint

In 2024, Kone reported a total carbon footprint of 11,700,800 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 8.58% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a b

The largest contributor to Kone's total carbon footprint was Scope 3 emissions, accounting for 98.76% of the company's total carbon footprint, followed by Scope 1 emissions at 0.96%. a

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