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Konecranes Oyj

ISIN: US50048J1079 | United States | North America
Score 2 - Moderate
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Konecranes describes a moderate governance process for aligning its policy engagement with its climate strategy: its "Sustainability Council which is the highest decision-making body and include representation from all of our businesses and all the functions follows Konecranes Climate agenda" and a "Global sustainability team is also coordinating cross-functional discussions related to engagement activities," which provides oversight and a policy framework. The company notes that it has "shared information related to EU Circular Economy initiatives as well as EU Taxonomy to support aligned engagement in industry specific associations" and that it "mostly influence[s] through our local industrial organisations such as Technology Industry of Finland, Orgalim, PEMA and VDMA," where it "actively participate[s] in the commenting emerging regulations by reviewing and commenting their responses on emerging regulations" and has provided "feedback to for example EU Taxonomy regulation via associations channels." It also confirms a public commitment to conduct engagement "in line with the goals of the Paris Agreement." However, the company does not disclose any specific mechanisms for governing or monitoring its direct lobbying activities, nor a detailed audit or review process for its climate-related advocacy, suggesting its governance framework remains limited primarily to indirect industry association engagement.

This assessment is part of the Lobbying Governance Index, covering 8,500 companies scored on whether they have processes to oversee their climate lobbying. See all companies in North America or all companies in United States.