TK Elevator tops global ESG risk rating in machinery industry category
Best result achieved among 503 machinery companies analysed
First comprehensive ESG rating as important milestone since becoming an independent company
Düsseldorf, November 24, 2021 – TK Elevator, one of the market and innovation leaders in the elevator industry, tops the global Sustainalytics ESG ranking in the field of machinery industry. In this category, the internationally renowned rating agency analysed over 500 organizations across the globe, awarding TK Elevator with a “Low Risk” rating.
Sustainalytics, a global leader in environmental, social and governance (ESG) and Corporate Governance research and ratings, evaluates companies against sustainability risks, which can have material consequences for businesses. Criteria such as respect for human rights and supply chain management are considered, as well as environmental and climate change risks. Results are measured on a scale of 0 to 100, with a rating between 10 and 20 classified as "Low Risk". With a total score of 13.8, TK Elevator achieved a remarkable result. In many important sub-categories such as “Corporate Governance”, “Human Rights - Supply Chain” and “Carbon - Products and Services” TK Elevator even scored below 10, a score that corresponds to the best possible "Negligible Risk" classification.
"We are very proud to have achieved such a positive result. This ESG ranking confirms our focus on sustainability and our decision to make ESG a strategic priority for our company”, says Peter Walker, CEO at TK Elevator. “We are convinced that sustainability and economic success are inextricably linked. That’s why we have committed ourselves to ambitious goals: Among other things, we support the ten principles of the UN Global Compact and the “Business Ambition for 1.5°C” initiative with a commitment to reduce our emissions to “net zero” by 2050 at the latest. The rating shows that we are headed towards the right direction and we will continue to take on our responsibility by realizing further activities in the area of sustainability."
The summary rating report is available on our Investor Relations site under Financial Publications.
INVESTOR RELATIONS CONTACT
Head of Investor Relations
Tel: +49 211 540 0413 417
VP Investor Relations
Tel: +49 211 540 0413 193
TK Elevator (formerly: thyssenkrupp Elevator)
With customers in over 100 countries served by 50,000 employees, TK Elevator achieved sales of around €8 billion in the fiscal year 2019/2020. Over 1,000 locations around the world provide an extensive network that guarantees closeness to customers. Over the past decades, TK Elevator has established itself as one of the world’s leading elevator companies and became independent since its sale by thyssenkrupp AG in August 2020. The company’s most important business line is the service business represented by over 24,000 service technicians. The product portfolio covers commodity elevators for residential and commercial buildings to cutting-edge, highly customized solutions for state-of-the-art skyscrapers. In addition, it also consists of escalators and moving walks, passenger boarding bridges, stair and platform lifts. Integrated cloud-based service solutions, such as the MAX platform, are gaining in importance. With these digital offerings, there are no limits to urban mobility anymore. TKE – move beyond.