Energy Efficiency, GHG Emissions, Sourcing Renewables  -  May 12, 2022

TK Elevator Sets 2030 Goals

TK Elevator, an elevator manufacturer, announced commitments to reduce GHG emissions from its own business activities (Scope 1 and Scope 2) by 53% by 2030 (base year 2019) and to reduce emissions along the value chain (Scope 3) by 23% compared to 2021.

The goal is to achieve net zero emissions by 2050. The new emission reduction targets have been validated by the SBTi. The initiative determined TK Elevator’s Scope 1 and 2 targets to be compliant with the standards set by the Paris Agreement to limit global warming to 1.5°.

In addition, TK Elevator has joined the global RE100 (Renewable Electricity) initiative and is committed to sourcing 100% renewable electricity by 2030. 

In the business year 2020/21, TK Elevator already achieved key milestones for the goals set, including a significant reduction in emissions as one of the company's key targets: GHG emissions from the company's own activities (Scope 1 and 2) were reduced by 19% compared to the base year 2018/19. The proportion of electricity the company obtains from renewable sources was increased to more than 45%. Details were provided in its first sustainability report.

"We are convinced that sustainability and economic success are inextricably linked. With our first sustainability report, we are putting numbers and new concrete targets behind our ESG efforts to provide even greater transparency on how we are living up to our corporate responsibility," says Peter Walker, CEO of TK Elevator in a statement.