TK Elevator tops global ESG risk rating in machinery category

TK Elevator (formerly thyssenkrupp Elevator), a leader in the elevator industry, has topped the global ESG ranking list compiled by rating agency Sustainalytics, which had analysed over 500 organisations before awarding TKE with a 'Low Risk' rating.

TK Elevator (formerly thyssenkrupp Elevator), one of the market and innovation leaders in the elevator industry, has topped the global Sustainalytics ESG ranking in the field of machinery industry. 
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. 
In this category, the internationally renowned rating agency analysed over 500 organisations across the globe, awarding TK Elevator with a “Low Risk” rating.
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," remarked 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," noted Walker. 
"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," he added.
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.-TradeArabia News Service