Investor Presentaiton

BOARD OF DIRECTORS' REPORT ENVIRONMENTAL MATTERS In line with KONE's strategic target of being a leader in sustainability, our environmental approach supports the ongoing green and digital transformation of the built environment into smart eco-cities, low-carbon communities, and net zero energy buildings. We have defined our environmental ambition and objectives as well as our commitment to environmental sustainability in all activities in our Environmental Policy, which is publicly available at kone.com. In 2022, we launched our new Climate and Environmental Excellence Program and started its implementation by publishing training materials for KONE employees. The new program covers four focus areas: partner with customer, offering, operations and mindset and behavior. In line with our Environmental Policy, we develop smart and sustainable technologies for People FlowⓇ and aim to be the preferred partner for environmentally sustainable urban environments. We drive transformation towards sustainable, circular and carbon neutral operations, and engage our employees, customers, suppliers and partners on climate and environmental action. The KONE Code of Conduct, the Supplier Code of Conduct, the Distributor Code of Conduct and the KONE Global Vehicle Fleet, Facility and Travel Policies also set out environmental requirements relevant to the operations of KONE or our partners. KONE has a climate pledge with science-based targets for significant greenhouse gas emissions reductions. We are committed to a 50% cut in the emissions from our own operations (scope 1 and 2 emissions) by 2030, compared to a 2018 baseline. This target is in line with limiting global warming to 1.5 C, which is currently the most ambitious criteria for setting science-based targets. On top of these ambitious emissions reduction targets, we aim to achieve carbon neutral operations by 2030 by offsetting the remaining emissions. In addition, we target a 40% reduction in the emissions related to our products' materials and lifetime energy use (scope 3 emissions) over the same period, relative to orders received. KONE was the first to validate its science- based targets against the latest climate science in the elevator and escalator industry and KONE's targets are among the most ambitious in the industry to date. With our climate pledge, we are taking even stronger action and leading the way in our industry to create more sustainable urban environments. KONE's climate related disclosures according to TCFD Governance Strategy Risk TCFD recommended disclosures Board's oversight of climate-related risks and opportunities Content in KONE's report Non-financial information / Management and Board of Directors' oversight of sustainability, p. 12 Management's role in assessing and managing climate-related risks and opportunities Non-financial information / Management and Board of Directors' oversight of sustainability, p. 12 Climate-related risks and opportunities over the short, medium and long term Impact of climate-related risks and opportunities on the organization's businesses, strategy and financial planning Resilience of strategy, taking into consideration different climate-related scenarios Non-financial information / Environmental matters, p. 14 Risks and risk management related to the reporting of non- financial information, p. 29 Strategy, p. 3 Risks and risk management related to the reporting of non- financial information, p. 29 Risks and risk management related to the reporting of non- financial information, p. 29 management Processes for identifying and assessing climate- related risks Processes for managing climate-related risks Risks and risk management related to the reporting of non- financial information, p. 29 Risks and risk management related to the reporting of non- financial information, p. 29 Metrics and targets How processes for identifying, assessing and managing climate-related risks are integrated into the organizations overall risk management Metrics used to assess climate-related risks and opportunities Scope 1, Scope 2 and Scope 3 emissions and the related risks Targets used to manage climate-related risks and opportunities and performance against targets Risks and risk management related to the reporting of non- financial information, p. 29 Non-financial information / Key performance indicators, p. 13 Non-financial information / Environmental matters, p. 14 Non-financial information / Key performance indicators, p. 13 Non-financial information / Environmental matters, p. 14 Non-financial information / Key performance indicators, p. 13 Non-financial information / Environmental matters, p. 14 14 KONE ANNUAL REVIEW 2022

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