Sustainability cornerstones & commitments

Making this happen by:

Providing solutions for safe, uninterrupted and secure material handling

We provide our customers with services, equipment and solutions that enable them to enhance the safety of their businesses, but also improve the efficiency and productivity of their operations. By prioritizing safety in all areas of our activities gives us a competitive advantage. We manage information security systematically and protect our information assets. This ensures compliance with legal and customer requirements as well as the confidentiality, integrity and availability of our products and services.

Ensuring uncompromised safety in our own operations and the supply chain 

We want to make sure everyone gets to go home safely, every day. To make this happen we aim to strengthen “if you see it, you own it”-culture to hold our people and our partners to the highest safety standards. Our work in managing safety starts from our own employees but extends beyond the company’s boundaries to our suppliers, subcontractors, everyone engaged with our products and everyone we work with. We integrate safety and security in all our operations, including manufacturing, installations and maintenance, office and remote work as well as travel.

Making this happen by:

Supporting our customers in reaching their low-carbon targets with our offering

Konecranes’ equipment, solutions and services enable our customers’ shift to a low-carbon future. We create value for the customer by reducing their footprint: We develop our eco-optimized offering with a variety of low-carbon power options, and we believe that our digital and automation solutions will support our customers in being even more efficient. We extend product lifecycles in customers’ operations. We follow smart design principles focusing on energy efficiency, durability and maintainability. We aim to lower the emissions from our value chain. First, we are focusing on the most carbon-intensive categories such as steel.

Maximizing lifecycle value and eliminating waste with circular solutions throughout the whole value chain

We want to accelerate circularity at all levels of operations, from portfolio management to business models and to waste management in our own operations. We are committed to annually innovating new opportunities and to study their business potential. We aim to optimize asset lifecycles and ensure that materials are kept in the loop. Konecranes’ service operations extend the lifecycle of equipment through maintenance and repairs, remanufacturing of parts, modernization, and retrofitting.  

Working towards carbon neutral own operations

We are continuously looking for solutions to further improve the energy efficiency of our manufacturing and service operations. We to invest in energy efficiency and the development of our service fleet. We continue electrifying our service vehicle fleet and our factories are powered with renewable electricity. We also seek to increase the share of our own on-site renewable electricity generation.

Making this happen by:

Supporting human rights in our value chain

We include the basic principles of human rights in our Code of Conduct. Our Human Rights Policy gives more guidance on the human rights due diligence process as well as summarizes our key commitments. Additionally, human rights are addressed in several other Konecranes’ policies and processes, also those guiding our work with our business partners. We conduct on-site supplier sustainability audits annually.

Ensuring a fair and engaging workplace

Engaged employees are the foundation of Konecranes’ success. Therefore, we want to foster an environment where people enjoy their work, feel respected and trusted, and are provided with challenging and interesting responsibilities together with extensive career advancement possibilities. We also want to ensure fair treatment across our operations. For example, the Fair Labor Frame sets a standard and ambition to workforce-related activities, such as working hours and freedom of association, and our remuneration schemes and practices aim to drive equal and fair pay. We value the sense of belonging and support our employees’ health and well-being in many different ways, and provide learning opportunities and other activities for fostering engagement.

Representing the multicultural communities where we operate

We strongly believe that diverse teams, which represent the multicultural communities we operate in, create the best results, and that a working environment where everyone can be themselves is an essential part of Konecranes’ mission of consistently delivering a world-class customer experience. We consider the variety of talents and backgrounds to be one of the key assets to drive our success as a company. The different skill sets nourish creativity and value creation, and help deliver results. 

Making this happen by:

Embedding sustainability, compliance and ethical requirements in our business processes

Our goal is not just to comply with the laws, rules and regulations that apply to our business; we also strive to abide by high standards of business conduct.  We have a holistic approach to manage risks, mitigate the negative and maximize the positive impacts. We address our and our supply chain’s ethics, compliance and human rights risks. The Code of Conduct is complemented by several Group-wide policies regarding quality, safety, environment, anti-corruption, data protection, competition law and equal treatment and diversity, among others.

Following strong governance on sustainability, compliance and ethics

Konecranes’ Code of Conduct and Corporate Governance Framework guide the everyday activities of the company by clearly describing our internal standards and ethical values as well as our legal obligations. Sustainability as well as compliance and ethics is integrated into the agenda of leadership teams and nominated committees. The short-term incentive targets of the President and CEO, the Deputy CEO and other senior management have a 10 percent weighting on ESG performance.