Good corporate governance and finance
Responsible business and good corporate governance are crucial for achieving good and sustainable financial results.
Topic |
Objective |
Progress in 2019 |
Plan for 2020 |
Return on capital |
Kesko's comparable return on capital employed of 11.0%. | In spring 2019, Kesko’s Board of Directors approved new medium-term financial targets for the Group. The financial targets for profitability are a comparable operating margin of 5.0% and a comparable return on capital employed of 11.0%. | We are moving strongly towards our financial targets and a better return on capital through growth, increased profitability, synergies and better working capital efficiency. In addition to growth, we continue to focus on improving cost-efficiency in all our operations to ensure competitiveness. |
K Code of Conduct |
All of our personnel act in compliance with the K Code of Conduct. | The entire personnel is obligated to annually commit to compliance with the K Code of Conduct. In 2019, 82% of personnel signed the annual confirmation. | We will continue to make the annual confirmation process more systematic and promote commitment to the K Code of Conduct through managerial work, training and continuous visibility. In Finland, we will pilot the annual confirmation process as part of K Success Factors personnel system. |
| We organise regular training on the K Code of Conduct. | In October, we published a new refresher eLearning course on the K Code of Conduct in all operating countries. A total of 4,617 employees had completed the eLearning programme by the end of 2019. We arranged K Code of Conduct sessions for Kesko in Sweden and for key persons at Kespro, focusing especially on corruption and fraud-related issues. | We will continue to systematically promote the awareness of the K Code of Conduct through various actions. In addition to the longer K Code of Conduct eLearning course, we aim to publish a shorter refresher course on selected themes every two years. Communications and roll-out are supported by our active group of K Code of Conduct ambassadors. |
