Press Release

10.21.2021

TK Elevator joins Drawdown Georgia Business Compact for reducing CO2 emissions

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• As one of 16 founding members from the local business community, TK Elevator will help the State of Georgia achieve net-zero carbon emissions by 2050.
• TK Elevator is a leader in carbon-reduction initiatives, including working with the Department of Energy on a low-carbon pilot at its manufacturing facility as well as committing to reducing carbon emissions by 25 percent by 2030 and 50 percent by 2040.
• In 2020, TK Elevator received the prestigious ‘A’ rating from Carbon Disclosure Project (CDP) for its climate-change efforts.

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Atlanta (October 21, 2021) – TK Elevator has joined the Drawdown Georgia Business Compact, an inclusive and collaborative initiative focused on galvanizing climate action in Georgia. Created by the Ray C. Anderson for Sustainable Business at the Georgia Tech Scheller College of Business, the Compact’s mission is to leverage the collective impact of Georgia’s business community to achieve net-zero carbon emissions in the state by 2050.

TK Elevator is one of 16 local business leaders to join the Compact as founding members.

“While we are proud to once again partner with our friends at Georgia Tech, we are excited to share our sustainability leadership and expertise to help our new home state of Georgia in its pursuit of our mutual goal – net-zero carbon emissions by 2050,” said Kevin Lavallee, President and CEO of TK Elevator North America.

In the past year, TK Elevator has taken substantial steps to address climate change and carbon reduction in particular. This includes joining materialsCAN, a program committed to acting on the smart, sustainable prioritization of embodied carbon in building materials as well as driving a better understanding of the carbon footprint of projects across the industry.

TK Elevator is also partnering with the Department of Energy (DOE) through the Better Buildings Initiative on a Low Carbon Pilot at its manufacturing facility in Middleton, Tennessee. The goal of the pilot is to understand and demonstrate how to achieve real-world carbon dioxide emission reductions in buildings and plants. As a Pilot participant, TK Elevator will share its experiences, successes and challenges pursuing low carbon strategies at its manufacturing facility within a two-year timeframe.

The Low Carbon Pilot program will help TK Elevator reach the carbon targets set last year of reducing scope 1 and 2 emissions by 25 percent by 2030 and by 50 percent by 2040. These aggressive carbon goals helped contribute to TK Elevator receiving an ‘A’ rating in 2020 from global environmental non-profit Carbon Disclosure Project (CDP) for its climate-change efforts.

TK Elevator also joined the Business Ambition for 1.5°C and Race to Zero Campaigns as it pursues achieving net-zero carbon by 2050.

“We have to take action now and work together to address the carbon issues deeply impacting our environment, and our participation in these critical programs and initiatives are an important step in the right direction,” added Monica Miller Brown, Senior Sustainability Manager at TK Elevator.

GEORGIA’S BRIGHT FUTURE

Drawdown Georgia was born from a multi-university research project whose initial phase of work was completed in December 2020. This research was funded by the Ray C. Anderson Foundation and led by Georgia Tech, with researchers from Emory University, Georgia State University and the University of Georgia also participating. The project identified and evaluated the 20 highest-impact solutions for reducing greenhouse gas emissions in Georgia over the next decade while also incorporating the “beyond carbon” dimensions. Research continues on these solutions in the creation of a statewide dashboard and in support of solution activation.

This is not TK Elevator’s first collaboration with the Georgia Tech Scheller College of Business. Last year, TK Elevator joined the Executive Council for the Business Analytics Center at the Scheller College of Business. The partnership, which focuses on the application of business analytics tools and techniques through research, collaboration and academic and industry innovation, helps drive thought leadership in business analytics and promote cutting-edge analytics research that delivers real-world results.

Since announcing it was establishing its new North American headquarters at The Battery Atlanta in 2018, TK Elevator has been a visible presence throughout the Atlanta community, highlighted by its most visible local symbol, the 420-foot-tall Innovation and Qualification Center. TK Elevator is committed to making the IQC as environmentally friendly as possible and is seeking LEED Gold certification.

TK Elevator will host the official grand opening of the new North American headquarters more than 900 employees will call home in February 2022.

To learn more about TK Elevator, go to https://www.tkelevator.com/us-en/.