Kesko

Kesko, headquartered in Finland and operating in Wholesale trade and commission trade services, except of motor vehicles and motorcycles, has disclosed its carbon emissions and climate commitments.

In 2025, Kesko's total emissions were approximately 8.16 billion kg CO2e. This included Scope 1 emissions of about 55.24 million kg CO2e, Scope 2 (market-based) emissions of approximately 18.97 million kg CO2e, and Scope 3 emissions totalling around 15.85 billion kg CO2e. Key categories within Scope 3 included purchased goods and services (approximately 6.48 billion kg CO2e) and use of sold products (about 1.29 billion kg CO2e).

Looking back, in 2024, Kesko reported total emissions of approximately 7.36 billion kg CO2e, with Scope 1 emissions at about 59.75 million kg CO2e, Scope 2 (market-based) at approximately 31.39 million kg CO2e, and Scope 3 at around 14.21 billion kg CO2e. In 2023, the company's Scope 1 emissions were approximately 47.39 million kg CO2e, Scope 2 emissions were about 30.56 million kg CO2e, and Scope 3 emissions were around 11.67 billion kg CO2e.

Kesko has set several ambitious climate targets:

• Near-term targets (SBTi-validated):
  • Kesko Corporation commits to reduce absolute Scope 1 and 2 GHG emissions by 58.8% by 2034 from a 2024 base year.
  • The company also commits to reduce absolute Scope 3 GHG emissions from purchased goods and services and use of sold products by 35.0% by 2034 from a 2024 base year.
  • Additionally, Kesko Corporation commits to reduce absolute Scope 3 FLAG GHG emissions by 42.4% within the same timeframe (2024-2034).
  • Kesko Corporation also commits to reduce absolute Scope 3 GHG emissions from the use of sold products by 17% by 2026 from a 2020 base year.
  • Furthermore, Kesko Corporation commits that 67% of its suppliers by spend covering purchased goods and services will have science-based targets by 2026.
• Net-zero and long-term targets (SBTi-validated):
  • Kesko Corporation commits to achieve net-zero greenhouse gas emissions across the value chain by 2050.
  • This includes a commitment to reduce absolute Scope 1, 2, and 3 GHG emissions by 90.0% by 2050 from a 2024 base year.
  • Within this, Kesko Corporation commits to reduce absolute Scope 1 and 2 GHG emissions by 90.0% by 2050 from a 2024 base year and reduce absolute Scope 3 GHG emissions by 90.0% within the same timeframe.
  • For FLAG emissions, Kesko Corporation commits to reduce absolute Scope 1 and 3 GHG emissions by 72.0% by 2050 from a 2024 base year.

Additional documented commitments include:

• Achieving carbon neutrality in 2025 and making its own operations emission-free by the end of 2030 (Scope 1 and 2).
• Reducing direct and indirect (Scope 1 and 2) emissions by 18% by 2025 from a 2015 base year.
• Aiming to reduce Scope 1 emissions by 30% by 2030 from a 2020 baseline.
• Aiming to reduce Scope 2 emissions by 30% by 2030 from a 2020 baseline.

Kesko's climate targets have been set and validated by the Science Based Targets initiative (SBTi), with classification indicating consistency with reductions required to keep warming to 1.5°C.