The latest climate research proves an urgent need to cut emissions in order to limit global warming to 1.5°C
Konecranes has announced new climate targets that will target emissions in both its own operations and its value chain in order to further develop its low-carbon portfolio and mitigate climate risks
Recently, Konecranes signed the Science Based Targets initiative (SBTi) commitment in December 2020 which are in line with limiting global warming to 1.5°C.
Konecranes has now committed to reducing its Scope 1 and 2 emissions by 50% by 2030 which is achievable by investing into renewable electricity and improving fleet fuel efficiency and the energy efficiency of production processes.
For Scope 3, Konecranes aims to reduce absolute carbon emissions by 50% by 2030, encompassing the use of sold products and steel-related purchases. The targets cover over 70% of Konecranes’ value chain emissions. As a supportive action, Konecranes will also fully offset flight emissions.
Teo Ottola, CFO and interim CEO at Konecranes, commented, “Konecranes is a sustainability pioneer in the industry, and the new targets take our ambitions even further. We are in a unique position to help our customers transition towards a low-carbon future by providing solutions that accelerate decarbonisation and advance electrification.”
Konecranes’ press release indicated the company incorporates climate requirements in smart product design, continues to seek new technologies that cut the dependency on fossil fuels, optimises material flows with digital solutions, cooperates with suppliers to reduce the overall emissions related to steel, and invests in renewable electricity as well as overall energy efficiency.