Kesko

Home Improvement Retail / Food Retail
KESKOB.HE
€ 25 1.2
Share price
$ 9.9 bn
Market Cap
$ 9.9 bn
Enterprise Value

Carbon footprint

9.5 Ton
GHG emissions per $ 1 mln investment
0.34x the weighted average for S&P 500
FY2021
How is this calculated?
+5.8%
YOY change in GHG emissions
Weaker than the -8.7% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

+16%
Proj. YOY change in GHG emissions (Scope 1 + 2)
FY2022
How is this calculated?

Kesko aims to reduce Scope 1 + 2 by 18% by 2025 from a base year 2015

This target is most likely outdated and the company appears to have already achieved it
This target has not been verified as science based according to SBTi
Kesko's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

GHG emissions and Carbon intensity

Kesko's GHG emissions (market-based) (Kt of CO2e)
Kesko's Carbon intensity (Tons per 1 USDm)

Kesko's carbon footprint

Kesko reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 94 Kt (+5.2/+5.8% y-o-y). At the sime time, carbon intensity decreased to 7 t (-0.1 /-1.4% y-o-y).

Kesko's Scope 3 emissions declined marginally to 7,725 Kt (-12 /-0.2% y-o-y). The rate of decline has slowed compared to the trend since 4Q'17 (CAGR -4.8%).

The company is committed to reducing Scope 1 + 2 by 18% by 2025 from a base year 2015, which it appears to have already achieved as of 2021. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Kesko also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Kesko Corporation commits to reduce absolute scope 1 and 2 GHG emissions 90% by 2030 from a 2020 base year. Kesko Corporation also commits to reduce absolute scope 3 GHG emissions from the use of sold products 17% by 2026 from a 2020 base year. Kesko Corporation commits that 67% of its suppliers by spend covering purchased goods and services, will have science-based targets by 2026.

Company environmental metrics

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