TKE Earns Gold Status for Sustainability

TK Elevator (TKE) announced it has been awarded the EcoVadis Gold status for the first time, which results in TKE now being ranked among the top 5% of all companies currently assessed by EcoVadis. EcoVadis reviews companies annually based on their sustainability performance in the categories “Environment,” “Labor & Human Rights,” “Ethics” and “Sustainable Procurement,” and TKE performed extremely well across all areas, but particularly for its carbon management practices. TKE has achieved several key milestones on its sustainability journey since becoming independent in 2020. For two years in a row, the company received an “A” rating in the world’s largest climate ranking from the rating organization CDP and topped the global Sustainalytics ESG ranking in the machinery industry in 2021. In May, the company published its first Sustainability Report and announced new emission reduction targets, which have been validated by the Science Based Targets initiative. Using its own assessment methodology, which is built on international sustainability standards including the Global Reporting Initiative, the United Nations Global Compact and ISO 26000, EcoVadis has, to date, assessed more than 90,000 companies in more than 160 countries.