TK Elevator has topped the global Sustainalytics ESG ranking in the field of machinery industry.
In this category, the internationally-renowned rating agency analyzed over 500 organizations across the globe, awarding TK Elevator with a “Low Risk” rating, a release by TKE said.
Sustainalytics, a global leader in environmental, social and governance (ESG) and Corporate Governance research and ratings, evaluates companies against sustainability risks, which can have material consequences for businesses.
“We are convinced that sustainability and economic success are inextricably linked. That’s why we have committed ourselves to ambitious goals: Among other things, we support the ten principles of the UN 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. The rating shows that we are headed towards the right direction and we will continue to take on our responsibility by realizing further activities in the area of sustainability,” he added.
Criteria such as respect for human rights and supply chain management are considered, as well as environmental and climate change risks. Results are measured on a scale of 0 to 100, with a rating between 10 and 20 classified as “Low Risk”.
Also read: TK Elevator Wins “Maharashtra State Best Employer Brand 2021 Awards”
With a total score of 13.8, TK Elevator achieved a remarkable result. In many important sub-categories such as “Corporate Governance”, “Human Rights – Supply Chain” and “Carbon – Products and Services” TK Elevator even scored below 10, a score that corresponds to the best possible “Negligible Risk” classification.
(Featured photograph, for representation only, shows a production facility of TK Elevators in India.)
