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Five Finnish firms make Europe’s most sustainable list
From elevators to low-emission steel, Finnish firms are setting the pace for sector-wide sustainability across Europe.
CompaniesKesko leads grocery sector as Finland secures strong showing in Corporate Knights’ Europe 50 ranking of sustainable corporations.
Five Finnish companies feature in the inaugural Europe 50 ranking from Corporate Knights, underscoring the country’s strong performance on corporate sustainability.
The list recognises grocery retail giant Kesko, elevator and escalator manufacturer KONE, renewable fuels leader Neste, network technology specialist Nokia, and low-carbon stainless steel producer Outokumpu for its sector-leading sustainability performance.
Published by Canada-based research group Corporate Knights – known for its annual Global 100 ranking – the Europe 50 draws from more than 620 listed companies across 31 industries in 14 countries. The assessment uses 25 performance indicators to benchmark corporate sustainability.
KONE is also developing regenerative drives that can recover up to 40% of an elevator’s energy use and is working with suppliers to reduce material emissions across the value chain.
KONEFrance’s Schneider Electric tops the list and also leads the 2025 Global 100, making it the only company to have headed both rankings.
Finnish firms push sector boundaries
KONE Corporation, ranked 15th overall, is the only elevator and escalator manufacturer featured. Its inclusion reflects strong progress on emissions, product sustainability and supplier engagement.
“Our industry-leading solutions drive energy efficiency in elevators and escalators,” said Kirsi Simola-Laaksonen, SVP sustainability and environment at KONE. “As cities expand and climate targets become more ambitious, the demand for sustainable solutions is greater than ever.”
Kesko ranks 19th overall and leads its peer group, recognised for its long-standing commitment to responsible business. It remains the only company to appear in every Global 100 since the list began in 2005.
Driven by initiatives such as accelerating the electrification of its transport, Kesko’s current strategy targets net-zero emissions by 2050, with interim goals through 2034.
KeskoIts current strategy targets net-zero emissions by 2050, with interim goals through 2034. Focus areas include supply chain responsibility, governance, and emissions reduction through investment in energy efficiency and transport electrification.
“Over the next ten years, we will be increasing investments in energy efficiency and the electrification of transports in an effort to reduce emissions,” said Lasse Luukkainen, EVP legal and sustainability at Kesko.
Leading with steel – Outokumpu
Outokumpu, ranked 25th, achieved the highest position in the steel industry. According to Heidi Peltonen, vice president, sustainability at Outokumpu, the recognition “highlights our role as an enabler of the green transition – providing low-emission stainless steel that supports decarbonisation across industries.”
In addition to its climate targets, Outokumpu received fair pay certification in 2024 – the first in its industry – and is committed to the UN Guiding Principles on Business and Human Rights across its value chain.