The acquisition of Bygg & Interiör stores complements Kesko’s growing K-Bygg chain for professional builders in the Mälaren Valley region of Sweden.
Energy efficiency and the use of sustainable renewable energy forms are important ways to combat climate change. K Group wants to take part in increasing renewable electricity production in Finland, and therefore commits to purchasing electricity produced with Finnish wind power for the next 15 years.
By making a long-term purchase agreement with the wind power company wpd, K Group significantly complements its renewable electricity production, obtaining clearly over 40 GWh of wind power annually.
“At K Group, we have high ambitions when it comes to mitigating climate change. We are, among other things, increasing our own production of renewable energy and improving the energy efficiency of our operations. Our objective is to increase our energy efficiency by 10% by 2023,” says Matti Kalervo, K Group’s Vice President of Corporate Responsibility.
Over 20 years of corporate responsibility work
Since 2017, all electricity purchased by Kesko for K-stores and other Kesko properties in Finland has been produced with renewable energy. With 34 solar power plants, K Group is one of the biggest producers and users of solar power in Finland. With this agreement, K Group will increase the share of own solar and wind power of its electricity purchases further.
In addition to renewable energy, for more than 20 years now, K Group has been focusing on energy efficiency. One significant step in this is the new energy recycling system, which revolutionises energy economy for K Group’s grocery stores by utilising all of the store property’s waste heat as an energy source. The system enables K-food stores to soon be almost self-sufficient in terms of heat production while cutting their carbon dioxide emissions close to zero. Motiva awarded the system the Energy Genius of the Year 2019 recognition.
K Group is committed to goals of international climate summits and has set emission targets for its own operations and supply chain. K Group has for some time now focused its sustainability efforts on measures to mitigate climate change. Kesko ranked as the most sustainable grocery trade company in the world for the sixth year in a row on the Global 100 Most Sustainable Corporations in the World list.