Finnish equipment manufacturer Konecranes, has released what it describes as “a more ambitious science-based goal for cutting emissions from its own operations by 2030”.

Konecranes’ initial science-based, near-term target for emissions reduction at its own operations (Scope 1 & 2) were reached by 2020, in part because of the use of technologies and strategies such as renewable electricity.

Its new target, which Konecranes says reflects its clear progress in decarbonising operations, has been approved by the Science Based Targets initiative (SBTi) and seeks to “further reduce its total climate impact and that of its customers”.

Konecranes’ updated targets to be reached by 2030, and progress to date versus base year 2019 with updated calculations, as follows:

• For its own operations, Konecranes new target for Scope 1 & 2 GHG emissions is a 60% absolute reduction, up from the initial target of a 50% reduction. It says current progress (2024) is a 54% reduction.
• The target for Scope 3 GHG emissions is unchanged at a 50% reduction with current progress (2024) showing a 20% reduction.

“Sustainability is embedded into Konecranes’ strategy and processes – it is a core part of who we are as a company,” says Konecranes president and CEO, Marko Tulokas.

Konecranes also has a separate target of achieving carbon neutral own operations by 2030, covering both manufacturing and vehicle fleet emissions. 

“Konecranes has now sharpened this to carbon neutral manufacturing operations given the uneven pace of development in vehicle electrification and the build-out of a charging network,” the company states. 

“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.”