Stepping up climate work: Kesko sets ambitious emission targets for its operations and supply chain
(Thomson Reuters ONE) -
KESKO PRESS RELEASE 21.6.2017 AT 10.00 1(2)
Stepping up climate work: Kesko sets ambitious emission targets for its
operations and supply chain
Kesko is the first Finnish retail company to set science-based targets to reduce
emissions from facilities, transportation and the supply chain. To achieve these
ambitious emission reduction targets, Kesko will increase its use of renewable
energy while also improving its energy efficiency.
The Science Based Targets initiative (SBTi) is a collaboration between CDP,
World Resources Institute (WRI), WWF and the UN Global Compact. SBTi enables
companies to state their commitment to the target of below 2 °C global warming
as set by the Paris Climate Agreement.
Emission targets for 2025
Kesko commits to reduce its scope 1 and 2 emissions 18% by 2025, using a 2015
base year. As for scope 3 emissions, Kesko commits that 90% of its key suppliers
will set greenhouse gas (GHG) emissions reduction targets by 2025.
Scope 1 emissions are direct emissions from transportation and Kesko's own heat
production. Scope 2 emissions are indirect emissions from the consumption of
purchased electricity and the generation of district heat. Scope 3 emissions are
other indirect emissions from the manufacture of products sold.
In the initiative, emission targets will be validated against the SBTi criteria,
and a list of approved companies will be published on the SBTi website. Kesko is
the first retail company in Finland whose emission targets have been formally
approved by the initiative.
Science-based targets provide investors and other stakeholders with an excellent
tool for comparing companies and their emission targets.
"Setting science-based targets supports the K Group in its commitment to the
goals of the Paris Climate Agreement and the UN Sustainable Development Goals.
In our responsibility programme, we have committed ourselves to the mitigation
of climate change and the promotion of renewable energy production," says Matti
Kalervo, Kesko's Vice President for Corporate Responsibility.
Cutting emissions through renewable energy and energy-saving solutions in-store
All electricity purchased by Kesko in Finland has been renewable since the
beginning of 2017. Kesko purchases Nordic renewable electricity that
participates in the Renewable Energy Guarantee of Origin (REGO) scheme.
There are 16 solar power plants on the rooftops of K Group stores, making the K
Group the biggest producer and user of solar power in Finland.
The K Group participated in the commerce sector Energy Efficiency Agreement for
2008-2016, under which it committed itself to improving its annual energy
efficiency by 65 GWh by the end of 2016. As a result of determined actions, the
K Group has exceeded expectations and has improved its energy efficiency by 67
GWh.
The K Group is committed to the 2017-2025 action plan included in the commerce
sector's Energy Efficiency Agreement. In accordance with the agreement, the K
Group has made a commitment to reduce its energy consumption through various
savings measures by 7.5%, which amounts to approximately 79 GWh. The agreement
covers all of the K Group's store chains.
Kesko's efforts to improve energy efficiency in its stores are focused on remote
monitoring, LED lighting, lids and doors on refrigeration equipment,
condensation heat recovery, and the use of carbon dioxide as the refrigerant.
Kesko Logistics aims to reduce emissions relative to the net sales index by 10%
by 2020 from the 2011 level. Emissions will be reduced through optimised
transport routes, efficient reverse logistics, two-tier trailers, and training
in economical driving styles.
The range of electric and hybrid cars available through Kesko's car dealers is
increasing. The K Group offers its customers an extensive network of free
electric vehicle charging points at various store sites.
Further information:
Matti Kalervo, Vice President, Corporate Responsibility, Kesko Corporation,
matti.kalervo(at)kesko.fi, tel. +358 50 306 4081
http://sciencebasedtargets.org/
DISTRIBUTION
Main news media
www.kesko.fi
Kesko and K-retailers form the K Group, whose sales total over ?13 billion. The
K Group is the third largest retail operator in Northern Europe and it employs
approximately 45,000 people. Kesko operates in the grocery trade, the building
and technical trade and the car trade. Its divisions and chains act in close
cooperation with retailer entrepreneurs and other partners. Kesko's net sales
are ?10 billion and it employs approximately 30,000 people. Kesko has some
2,000 stores engaged in chain operations in Finland, Sweden, Norway, Estonia,
Latvia, Lithuania, Russia, Belarus and Poland. Kesko is a listed company and its
shares are listed on Nasdaq Helsinki. The company's domicile and main business
premises are in Helsinki. Kesko is the world's most responsible trading sector
company (The Global 100 Most Sustainable Corporations in the World).
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Kesko Oyj via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 21.06.2017 - 09:00 Uhr
Sprache: Deutsch
News-ID 549041
Anzahl Zeichen: 5946
contact information:
Town:
Kesko
Kategorie:
Business News
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"Stepping up climate work: Kesko sets ambitious emission targets for its operations and supply chain"
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Kesko Oyj (Nachricht senden)
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