Good corporate governance and finance

Responsible business and good corporate governance are crucial for achieving good and sustainable financial results.

Topic

Objective

Progress in 2018

Plan for 2019

Return on capital

Kesko's objective is to achieve a 14% comparable return on capital employed and a 12% comparable return on equity. We were able to meet the 14.0% target level for comparable return on capital employed set in 2015. Our comparable return on equity was 11.7%.  

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 2018, 79% 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 2018, we arranged K Code of Conduct sessions in subsidiaries in Estonia, Latvia and Lithuania, focusing especially on corruption and fraud-related issues. The K Code of Conduct eLearning programme has been completed by 7,800 people (10/2016-12/2018). The K Code of Conduct eLearning will be updated in autumn 2019.
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