Konecranes Oyj: Konecranes sets new long-term climate ambition that supports its customer industries' decarbonization efforts

Konecranes commits to a long-term climate ambition to complement its recently upgraded near-term science-based targets. The company aims to reduce its absolute Scope 1, 2 and 3 greenhouse gas emissions 90% by 2050 from base year 2019.  

The new long-term ambition builds on the company's current near-term climate targets to reduce absolute greenhouse gas (GHG) emissions by 60% from Scope 1 & 2 and 50% from Scope 3 including purchased goods and services and use of sold products by 2030 compared to a base year 2019, validated by Science Based Targets initiative (SBTi), as well as its carbon-neutral manufacturing* target.  

The new long-term target reflects the same absolute GHG emissions reduction ambition as defined by the SBTi Net-Zero Standard and aligns with the pathway to limit global warming to 1.5C under the Paris Agreement. 

"We reached our original 2030 target of halving Scope 1 and 2 GHG emissions already in 2022. Last year, we raised the target level for 2030 and focus now on achieving it. This year we reached another milestone by completing the electrification of all product lines. Our electric equipment offering helps customers reduce emissions from their own operations while supporting our company's future value chain emission reduction potential. Today's announcement builds on our efforts and long-term commitment towards climate action. We see providing low-emission solutions as a great business opportunity, while supporting our customer industries in their decarbonization efforts," says Marko Tulokas, President & CEO, Konecranes.  

To reach the 2050 ambition, Konecranes will continue reducing emissions across its operations and value chain. The company's biggest contribution is to provide customers with low-emission solutions, such as electric equipment. Additionally, Konecranes advances the use of lower-emission materials and circular solutions across its offering and continues to decarbonize its own operations. Achieving the ambition will also require broader market transformation like the decarbonization of customer industries, lower-emission steel production and transportation, and cleaner energy systems.   

Konecranes believes that the most effective contribution to climate change mitigation is achieved through reducing absolute GHG emissions. Previously, Konecranes had committed to setting a SBTi-validated long-term net-zero target. After the recent launch of the SBTi Net-Zero Standard 2.0, with increased emphasis on neutralization of residual emissions and uncertainty around the future implementation and development of the standard, Konecranes decided not to pursue SBTi validation of its long-term climate target. The company's long-term climate ambition is aligned with the standard's requirements on absolute GHG emission reductions but does not include neutralization of residual emissions.  

Konecranes' science-based near-term targets, upgraded and revalidated by SBTi in 2025, remain unchanged. For further details about Konecranes climate targets and the transition plan, please click here. 

To learn about the Konecranes sustainability agenda, actions and progress, please see the Sustainability Statement 2025 and Konecranes.com/sustainability. 

*Carbon neutrality means first reducing absolute emissions as much as possible, and then offsetting the unavoidable emissions through the purchase of verified carbon credits, which have an immediate impact by delivering finance to emission reduction projects elsewhere. 

Further information: 
Anniina Virta-Toikka, Vice President, Sustainability, Konecranes 
Email: anniina.virta-toikka@konecranes.com or phone +358 40 722 2823  

Konecranes Media Desk 
media@konecranes.com

Further information for investors and analysts:  
Ruusa Vallin, Interim Head of Investor Relations 
Email: ruusa.vallin@konecranes.com or phone: +358 20 427 2050 

This release can be found on Konecranes.com. 

In a rapidly changing world, our customers need reliable partners to keep their businesses moving. Konecranes has helped ports and industries move what matters for more than a century. Our long industry expertise, global reach and close customer relationships set us apart. We combine insights from our broad installed base, technology and services to turn knowledge into better performance and customer value. In 2025, Konecranes sales totaled EUR 4.2 billion. The company employs around 16,500 employees. Konecranes shares are listed on Nasdaq Helsinki (symbol: KCR).