Potential offtaker

Kesko Corporation

www.kesko.fi

Estimated electricity consumption

N/A

Countries of production presence

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Kesko Corporation is a Finnish company that operates in the supermarket sector. It was founded in 1940 and has since grown to become one of the largest retail companies in Finland. The company operates in three main business areas: grocery trade, building and technical trade, and car trade. The grocery trade is the largest of these, accounting for over 70% of Kesko's net sales.

Kesko is committed to sustainability and has set ambitious goals to reduce its carbon footprint. The company's decarbonisation strategy includes reducing energy consumption, increasing the use of renewable energy, and promoting sustainable transportation. Kesko has set a target to reduce its carbon emissions by 18% by 2025, compared to 2015 levels.

One of the ways Kesko is working towards this goal is through corporate energy management. The company has implemented energy efficiency measures in its buildings and operations, such as LED lighting, heat recovery systems, and energy-efficient refrigeration. Kesko has also invested in renewable energy, such as solar panels and wind turbines, to generate clean energy for its operations.

In addition to its own renewable energy projects, Kesko has also entered into corporate power purchase agreements (PPAs) to support the development of new renewable energy projects. A corporate PPA is a long-term contract between a company and a renewable energy developer, in which the company agrees to purchase a certain amount of electricity from the developer at a fixed price. This provides a stable revenue stream for the developer, which can help to finance new renewable energy projects.

Kesko has signed several corporate PPAs in recent years, including agreements to purchase wind power from a new wind farm in Finland and solar power from a new solar park in Spain. These agreements will help to increase the share of renewable energy in Kesko's electricity consumption and support the development of new renewable energy projects.

Kesko's commitment to sustainability extends beyond its own operations and energy use. The company is also working to promote sustainable transportation, both for its own deliveries and for its customers. Kesko has set a target to reduce the emissions from its own transportation by 40% by 2025, compared to 2015 levels. The company is investing in electric and hybrid vehicles for its own fleet and is also promoting sustainable transportation options for its customers, such as bike parking and electric vehicle charging stations.

Overall, Kesko Corporation is a leading Finnish company in the supermarket sector that is committed to sustainability and decarbonisation. The company's focus on energy efficiency, renewable energy, and sustainable transportation is helping to reduce its carbon footprint and support the development of new renewable energy projects. By investing in these areas, Kesko is not only reducing its environmental impact but also creating value for its customers and stakeholders.

✓ Science Based Targets member
✓ Declared Net Zero commitment