Company Directory - KION GROUP AG
Company Details - KION GROUP AG
KION GROUP AG
WebsiteFrankfurt am Main, Germany
KION GROUP AG is a global leader in supply chain solutions, focusing on warehouse automation and logistics. The company delivers advanced material handling equipment including forklift trucks and automated guided vehicles that help optimize logistics and warehouse operations worldwide.
CCI Score
CCI Score: KION GROUP AG
42.61
-0.03%
Latest Event
KION Group Implements Conflict Minerals Standard
KION Group has published a comprehensive statement outlining its new Conflict Minerals Standard aimed at reducing the risk of supporting armed activities and human rights abuses. The standard, developed in line with international guidelines such as the OECD Due Diligence Guidance and the EU Conflict Minerals Regulation, includes integrating conflict minerals requirements into purchase contracts, requiring supplier compliance with KION Principles of Supplier Conduct, and conducting due diligence using industry-recognized methods and third‐party SaaS solutions. This initiative is part of the KEPCOO project and underscores the company’s commitment to responsible sourcing and supply chain transparency.
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DISSENTER
KION GROUP AG is currently rated as a Dissenter.
Latest Events
- MAY292024
KION Group has published a comprehensive statement outlining its new Conflict Minerals Standard aimed at reducing the risk of supporting armed activities and human rights abuses. The standard, developed in line with international guidelines such as the OECD Due Diligence Guidance and the EU Conflict Minerals Regulation, includes integrating conflict minerals requirements into purchase contracts, requiring supplier compliance with KION Principles of Supplier Conduct, and conducting due diligence using industry-recognized methods and third‐party SaaS solutions. This initiative is part of the KEPCOO project and underscores the company’s commitment to responsible sourcing and supply chain transparency.
+80
Supply Chain Ethics
March 28
KION Group's introduction of a robust Conflict Minerals Standard demonstrates proactive measures to ensure that its global supply chain is free from materials that fund armed conflict and commit human rights abuses. By aligning its practices with international standards and integrating due diligence procedures, the company shows a strong commitment to ethical business practices and responsible sourcing, positively impacting labor rights and supply chain ethics.
Statement on human rights violations related to the global trade of Conflict Minerals
- DEC072023
On December 7, 2023, the Federal Financial Supervisory Authority (BaFin) imposed an administrative fine of 280,000 euros on KION Group AG for failing to disclose inside information in violation of the Market Abuse Regulation (MAR). The infraction highlights a breach in the company’s commitment to transparency and ethical business practices.
-50
Business Practices and Ethical Responsibility
March 28
KION Group AG's failure to publish inside information, resulting in an administrative fine by BaFin, demonstrates a significant lapse in ethical business practices and corporate transparency. Such breaches undermine market integrity and point to a disregard for regulatory responsibilities, negatively impacting the company’s ethical standing.
Announcement on KION Group AG: BaFin imposes administrative fine
- OCT012023
KION Group AG announced a partnership with Li-Cycle Holdings Corp to establish sustainable lithium-ion battery recycling. The agreement, signed at the company’s Frankfurt headquarters, aims to implement environmentally friendly recycling practices until 2030, supporting the circular economy and aligning with progressive EU battery regulations.
+60
Business Practices and Ethical Responsibility
March 28
The partnership is a proactive move towards environmental sustainability and responsible business practices. By establishing a battery recycling program in line with EU regulations and circular economy principles, KION Group demonstrates ethical responsibility and long‐term strategic planning.
KION Group and Li-Cycle form battery recycling partnership focused on circular economy
+40
Technology and Services Impact
March 28
The integration of Li-Cycle’s innovative and environmentally friendly recycling technology highlights KION Group’s commitment to leveraging advanced tech for sustainability. This forward-thinking use of technology supports clean energy transitions and aligns with progressive regulatory trends.
KION Group and Li-Cycle form battery recycling partnership focused on circular economy
+20
Economic and Structural Influence
March 28
By securing a long-term partnership that ensures compliance with likely future EU battery regulations, KION Group is strengthening its economic resilience and contributing to the establishment of a sustainable, circular supply chain. This move reflects responsible economic and structural influence.
KION Group and Li-Cycle form battery recycling partnership focused on circular economy
- OCT012023
KION Group has published its compliance portal that reinforces an open 'Speak-Up' culture. The portal details a secure whistleblowing mechanism and adherence to ethical values to prevent toxic working conditions and ensure accountability.
+60
Labor Relations and Human Rights Practices
March 28
The compliance portal promotes a proactive approach to ethical workplace behavior by encouraging employees to report violations through secure channels. This initiative supports worker rights and enhances transparency, thereby countering authoritarian or toxic practices in corporate culture.
- MAY172023
KION GROUP AG's 2023 Annual Report details its adherence to international human rights standards and robust corporate governance practices. The report emphasizes transparent communications, strong compliance management, and policies aimed at preventing human rights violations within both its internal operations and supply chain.
+70
Public and Political Behavior
March 28
The report demonstrates transparent corporate communications and proactive engagement with stakeholders. This commitment to openness and accountability supports democratic norms and stands in opposition to authoritarian practices.
Corporate governance practices | Annual Report 2023 | KION GROUP AG
+80
Labor Relations and Human Rights Practices
March 28
By committing to international human rights standards and establishing strict guidelines for upholding these rights across its operations and supply chain, KION GROUP AG reinforces ethical business practices that safeguard worker rights and prevent authoritarian exploitation.
Corporate governance practices | Annual Report 2023 | KION GROUP AG
- JAN012023
The company’s 2023 Corporate Governance Report details its robust compliance measures, commitment to human rights, and transparent governance practices. The report emphasizes adherence to external standards — including the UN Guiding Principles on Business and Human Rights — and sets out internal policies designed to safeguard employee and supply chain rights.
+75
Labor Relations and Human Rights Practices
March 28
The report demonstrates a strong commitment to protecting human rights in both employment and supply chain contexts, in line with internationally recognized standards. This proactive stance on labor and human rights practices aligns with anti-authoritarian and progressive principles, reinforcing ethical business practices within the company.
Corporate governance practices | Annual Report 2023 | KION GROUP AG
- JAN012023
KION GROUP AG has introduced a comprehensive whistleblower system with multiple secure reporting channels for both internal and external stakeholders, ensuring confidentiality and fairness during compliance investigations.
+60
Business Practices and Ethical Responsibility
March 28
By establishing a robust whistleblower system that guarantees confidentiality and fairness, KION GROUP AG demonstrates a strong commitment to corporate transparency and ethical business practices. This system empowers employees and external stakeholders to report potential misconduct without fear, aligning with anti-authoritarian principles and supporting marginalized voices.
- JAN012023
KION Group released a PDF statement outlining its human rights strategy, which details the company's commitment to upholding international labor standards, ensuring fair employment practices, rigorous supplier due diligence, and environmental accountability. The document specifies the roles of senior leadership in managing risks related to labor rights and environmental issues, and describes ongoing risk assessments and remedial actions within its global operations and supply chain.
+70
Labor Relations and Human Rights Practices
March 28
The KION Group’s statement outlines a clear commitment to upholding international human rights and labor standards, including prohibitions on child and forced labor, non-discrimination, and respect for freedom of association. The comprehensive nature of the policy, including training for employees and oversight of suppliers, demonstrates an ethically responsible business practice that supports workers' rights.
+70
Supply Chain Ethics
March 28
The strategy further emphasizes supply chain ethics by requiring compliance with strict human rights and environmental standards for suppliers. This includes regular risk analyses, a whistleblowing system, and remedial measures in case of violations. Such comprehensive measures promote ethical sourcing and accountability across the supply chain.
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Industries
- 333924
- Industrial Truck, Tractor, Trailer, and Stacker Machinery Manufacturing
- 336120
- Heavy Duty Truck Manufacturing
- 333999
- All Other Miscellaneous General Purpose Machinery Manufacturing