Kesko

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.