TKE Top Company In Oversight Of Sustainability Risks
Sustainalytics, a global leader in environmental, social and governance (ESG) and corporate governance research and ratings, found TK Elevator (TKE) the lowest “risk” company in the field of machinery industries, Manufacturing Today reports. Sustainalytics’ results are measured on a scale of 0 to 100, with a rating between 10 and 20 classified as “Low Risk.” Based on this, TKE had a total score of 13.8, but in important sub-categories — such as “Corporate Governance,” “Human Rights-Supply Chain” and “Carbon-Products and Services” — the vertical-transportation company scored below 10, rankings that correspond with the best possible “Negligible Risk” classification. Through the ESG scoring, Sustainalytics weighs companies based on their respect for human rights and supply chain management, as well as environmental and climate change risks. “We are convinced that sustainability and economic success are inextricably linked,” said TKE global CEO Peter Walker. “That’s why we have committed ourselves to. . . support the 10 principles of the U.N. 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.” Sustainalytics ranked a total of 503 companies from a variety of industries in its latest ESG study.