“Moved by What Moves People”

TKE publishes third sustainability report, further advancing ambitious sustainability targets.

In May, Dusseldorf, Germany-headquartered TK Elevator (TKE) published its third sustainability report, providing comprehensive transparency on the company’s progress towards its sustainability targets and growth strategy. TKE CEO Uday Yadav said:

“Our report theme — ‘Moved by What Moves People’ — captures our commitment to enhancing urban mobility in a sustainable way. As cities grow and populations age, it is imperative that we ensure inclusive accessibility with environmental efficiency. These challenges inspire us to innovate, as evidenced by cutting-edge solutions like our unique TWIN elevator system and our MAX predictive maintenance, as well as our eco-efficient and digitally native EOX elevator platform.”

Following the rollout of EOX across Europe, North America and Brazil, TKE further addressed the rising need for improving sustainability and accessibility in older buildings with EOX Renew, an ultra-flexible solution that targets the specific challenges of modernization. Alongside this, the company leveraged its leading position in major modernization markets such as the U.S., Spain and Germany, invested in its unique International Technical Services network and established itself as one of the fastest-growing companies in the Chinese modernization market. Through these advancements, TKE supports the path to a circular economy by enabling the use of embodied carbon in existing buildings.

In the business year 2022-23, TKE further reduced its greenhouse gas emissions from its own activities (Scope 1 and 2) by 24% compared to the base year 2019. This was supported by an increase of renewable electricity, which reached 68% of the company’s consumed electricity in 2022-23, up from 59% in 2021-22. The share of electricity from renewable sources in factories was significantly higher at 93%, and was up from 88% in the preceding business year.

In addition, TKE further strengthened its approach to safety and supply-chain management. Safety is a core value at TKE, and the company is unwavering in its commitment to all employees and subcontractors getting home safely at the end of each day. This pledge was further emphasized in 2022-23 by the rollout of the company’s Safety Transformation Program driven by a dedicated and globally deployed approach themed “We Get Home.” 

In the business year 2022-23, TKE also completed its transition to a comprehensive supply chain sustainability risk-management model. This enables continuous risk monitoring and evaluation of risks with defined action plans and tracking, supplemented by sustainability deep dives for focus suppliers.

The company’s sustainability efforts continue to be highly recognized by leading sustainability rating agencies. This includes being featured in the CDP A-List for the fourth consecutive year and in the Sustainalytics’ 2024 Top-Rated ESG Companies List, as well as the EcoVadis Gold Medal rating which placed TK Elevator in the top 2% of all companies assessed. The entire 96-page sustainability report may be downloaded here: Moved by What Moves People