Sustainable Kesko
Our sustainability vision is to enable sustainable choices for our customers by driving change throughout the value chain. Sustainability work is guided by Kesko’s sustainability policy, sustainability strategy and the K Code of Conduct guidelines.
Sustainability strategy
Our sustainability strategy sets clear sustainability targets for the operations of Kesko and its three divisions. The focus areas of the sustainability strategy are climate and nature, value chain, our people, and good governance.
Read more about the sustainability strategy and key targets and their progress.
Sustainability statement
The targets, KPI’s and results of Kesko’s material sustainability topics are described in the sustainability statement and Kesko’s web pages. Kesko’s first sustainability statement in line with the EU Corporate Sustainability Reporting Directive (CSRD) was published as part of the Annual Report 2024. The Sustainability Audit Firm Deloitte Oy has issued a third-party sustainability reporting auditor’s limited assurance engagement on Kesko’s sustainability statement.
From now on, Kesko prepares a sustainability statement annually. Kesko’s Annual Report 2024 and reports for previous years are available at Annual Reports.
Contacts
We are happy to answer any questions related to sustainability by e-mail, phone or through social media channels.
Please contact us:
viestinta@kesko.fi
Social media channels
Kesko has committed to several international declarations and conventions, the most important of which are:
- The UN Universal Declaration of Human Rights and the UN Convention of the Rights of the Child
- The ILO convention on the Fundamental Rights and Principles at Work
- The OECD Guidelines for Multinational Corporations
- The ICC Business Charter for Sustainable Development and principles against corruption and bribery
- The UN Global Compact initiative
- The UN Sustainable Development Goals
- The purchasing principles of the amfori Business Social Compliance Initiative (amfori BSCI)
At the highest level, sustainability management is carried out by Kesko’s Board of Directors and President and CEO. The Board approves the sustainability strategy and the strategic targets and monitors the progress of the strategy on an annual basis. Kesko’s President and CEO has overall responsibility for the implementation of the sustainability strategy and for achieving the common objectives. The Group Management Board approves the new sustainability policies and discusses sustainability in its meetings on a regular basis.
Sustainability work is led by Kesko’s Executive Vice President of Legal and Sustainability who is a member of the Group Management Board and reports directly to the President and CEO. He is responsible for the content of the sustainability strategy, monitoring its progress and supporting the implementation of the strategy in each division. The Executive Vice President of Legal and Sustainability is responsible for stakeholder relationships at the Group level. He chairs the Group Sustainability Management Team which has representatives from the divisions and from the common operations.
The task of the Group Sustainability Management Team is to promote any matters recorded in the sustainability strategy, monitor the progress of the strategy, coordinate Group level initiatives and to share best practices. The divisions are responsible for preparing sustainability strategies that are specific to their division and business and for implementing them under the sustainability strategy that covers all the divisions. The divisions are also responsible for ensuring the progress of the strategy and for reaching their own goals. In the divisions, sustainability work is steered in sustainability steering groups.
The identification and assessment of sustainablity risks and opportunities are part of Kesko's risk management process. Kesko's risk management process follows the methodology of the COSO Enterprise Risk Management model. In connection of the double materiality assessment conducted as part of the sustainability statement, sustainability impacts, risks, and opportunities are identified.
Read more in the Annual Report:
Identification and assessment of material impacts, risks and opportunities
Dialogue with stakeholders is vital for the development of operations. Effective and active dialogue enables us to understand stakeholders‘ perspectives, concerns and ideas for improving our operations. Our communication with stakeholders is active and transparent.
Our sustainability statement includes descriptions of Kesko’s main stakeholders, forms of cooperation, the most important sustainability topics for stakeholders and their impact on our operations.
Read more in the sustainability statement: Interests and views of stakeholders
