CDP is an international non-profit charity that runs a global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts. By measuring their environmental impact and scoring organisations accordingly, CDP aims to drive them to reduce their greenhouse gas emissions, safeguard water resources and protect forests.

Konecranes said the latest score was “recognition of its ambitious efforts to make holistic climate disclosures and climate risk and opportunities management a business norm”.

The rating was an improvement from last year’s B. It is based on the company's disclosures about its actions to cut emissions, manage and mitigate climate risks, and develop a low-carbon offering.

"This is a great achievement, and I am pleased that our commitment to climate change efforts and our long-term commitment towards sustainability have been recognised,” said Anniina Virta-Toikka, head of sustainability at Konecranes. “We are in a unique position to help other industries shift to a low-carbon future by offering solutions which intensify decarbonisation and advance electrification.

“We have a clear Climate Roadmap for years to come. We are taking action in both our own operations and throughout our value chain. In 2022, we started using our first electrified service vehicles and continued conducting energy efficiency improvements in our manufacturing operations. In the value chain, our primary focus is on electrifying our offering while developing digitalisation and automation as well as minimising emissions from steel.”

CDP said that the world’s economy looks to it “as the gold standard of environmental reporting with the richest and most comprehensive dataset on corporate and city action”.

“We want to see a thriving economy that works for people and planet in the long term. We focus investors, companies, cities and governments on building a sustainable economy by measuring and acting on their environmental impact,” it concluded.

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