Konecranes (KCR) Status update summary

Strategic sustainability integration

• Sustainability is a core driver of long-term value, fully integrated into business strategy and material handling solutions, supporting customer environmental goals and inclusive culture initiatives.

• The agenda aligns with multiple UN Sustainable Development Goals, including climate action, clean energy, reduced inequalities, and is structured around commitments to safe material handling, decarbonization, inclusion, and high ethical standards.

• High ethical standards are expected from internal operations and business partners, supported by strong governance and management incentives.

Environmental progress and targets

• Scope 1 and 2 emissions have decreased by 54% since 2019, with Scope 3/value chain emissions down 20%; upgraded targets aim for a 60% reduction in own operations by 2030.

• Upgraded climate targets were achieved eight years ahead of schedule, with new goals for further reductions and carbon-neutral manufacturing by 2030.

• The majority of emissions (98.7%-99%) are from the value chain, especially use of sold products and steel-related purchases.

• Transition plans focus on customer industry decarbonization, electrification, and use of low-emission materials, with 1.4% of steel purchased from low-emission sources and a Swedish site operating fossil-free with a 99% emission reduction since 2019.

Product and service innovation

• Electric and hybrid equipment offerings support customer decarbonization, with design improvements for energy efficiency and material selection.

• 40% of group net sales in 2025 came from circular services extending product life cycles, including maintenance, modernizations, and spare parts.

• Fully electrified equipment accounts for 100% of BA Industrial Equipment sales and 62% of BA Port Solutions equipment sales, with new product launches supporting this trend.