Kesko Oyj Class B shares represent the publicly traded class B stock of Kesko Oyj, a Finland-based retail conglomerate operating across three primary divisions: Grocery, Building and Technical, and Ca... Kesko Oyj Class B shares represent the publicly traded class B stock of Kesko Oyj, a Finland-based retail conglomerate operating across three primary divisions: Grocery, Building and Technical, and Car. The Grocery segment dominates revenue generation, supplying customers through a chain of locally tailored K-food retailers such as K-Citymarket, K-Supermarket, K-Market, and Neste K stores in Finland. The Building and Technical division offers construction materials, leisure and athletic goods, and infrastructure tools, with operations spanning Scandinavia and Eastern Europe via both digital platforms and physical stores. The Car division functions as an importer, leaser, and seller of premium European brands including Volkswagen, SEAT, Audi, and Porsche, alongside used vehicles through online and in-store channels. Classified in the consumer defensive sector and grocery stores industry, Kesko Oyj Class B serves as a mid-cap stock with around 398 million shares outstanding, playing a key role in Northern European retail markets by blending traditional brick-and-mortar presence with e-commerce adaptation.
In 2024, Kesko was subject to the Corporate Sustainability Reporting Directive (CSRD)'s requirements, which mandated the company to publish EU Taxonomy disclosures.
The company reported the eligibility and alignment of Turnover, Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) with the EU Taxonomy, helping assess the extent to which its business activities align with Europe's environmental sustainability goals.
Kesko has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of Kesko are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.
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Total Taxonomy Aligned Turnover
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Total Taxonomy Eligible Turnover
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Total Taxonomy Aligned Opex
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Total Taxonomy Eligible Opex
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2023
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Total Taxonomy Aligned Capex
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Total Taxonomy Eligible Capex
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3.1 CE - Construction of new buildings, 7.1 CCM/CCA - Construction of new buildings
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6.5 CCM/CCA - Transport by motorbikes, passenger cars and light commercial vehicles
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7.4 CCM/CCA - Installation, maintenance and repair of charging stations for electric vehicles in buildings (and parking spaces attached to buildings)
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7.5 CCM/CCA - Installation, maintenance and repair of instruments and devices for measuring, regulation and controlling energy performance of buildings
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7.6 CCM/CCA - Installation, maintenance and repair of renewable energy technologies
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7.7 CCM/CCA - Acquisition and ownership of buildings
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Limited Data Preview
You are viewing a limited preview of Kesko’s EU Taxonomy dataset. The full dataset, available for download, includes eligibility and alignment metrics for turnover, CAPEX, and OPEX across all EU Taxonomy categories, at both aggregate and activity level, with historical coverage back to 2022.
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a. Kesko's Annual Report 2024
b. Kesko's Annual Report 2023
c. Kesko's Annual Report 2022
Insights into Kesko's Revenues from Sustainable Activities
In 2024, Kesko reported EU Taxonomy-eligible revenues of EUR 347.70 million, representing 2.9% of its total turnover. Of this amount, EUR 0 of Kesko's revenues was classified as EU Taxonomy-aligned, indicating that 0% of the revenue-generating activities undertaken by the company substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Insights into Kesko's CAPEX from Sustainable Activities
In 2024, Kesko reported EU Taxonomy-eligible CAPEX of EUR 846.10 million,representing 75.9% of its total CAPEX. Of this amount, EUR 173.60 million of Kesko's CAPEX was classified as EU Taxonomy-aligned, indicating that 15.6% of the company's investments were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Kesko's Taxonomy-Eligible Capex Over Time
Total Taxonomy Eligible Capex
Total Taxonomy Aligned Capex
Have Kesko's increased its investment in sustainable activities over time?
Since 2022, Kesko's taxonomy-aligned capital expenditure (CAPEX)decreased by 23.15%,indicating a long-term decline in green capital deployment, potentially signaling shifting priorities or reduced focus on sustainability-linked investments.a, c
Compared to the previous year (2023), Kesko's taxonomy-aligned CAPEX increased by 41.82%,highlighting Kesko's strengthened commitment to investing in environmentally sustainable activities or improving how such investments are classified and reported under the EU Taxonomy.a, b
How much of Kesko's capital expenditure (CAPEX) is eligible under the EU Taxonomy?
In 2024, Kesko reported that EUR 846.10 million of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 75.9% of the company's total CAPEX. Of this amount, EUR 173.60 million (15.6% of total CAPEX) was classified as Taxonomy-aligned. This means that 60.3% of Kesko's CAPEX is eligible but not aligned, indicating that these investments either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).a
How much of Kesko's eligible CAPEX is aligned with the EU Taxonomy?
In 2024, Kesko reported that EUR 173.60 million of its CAPEX was aligned under the EU Taxonomy, representing 15.6% of its total capital investment.a
This moderate level of alignment indicates that Kesko is beginning to transition its capital allocation toward greener investments, but still retains substantial opportunities for further alignment with sustainability goals.
Kesko's Eligibility & Alignment Overview
Kesko's Contribution to Environmental Objectives
Total Taxonomy Aligned Capex
How is Kesko's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2024, Kesko reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 15.6%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much Kesko is investing in climate-related solutions?
In 2024, Kesko allocated EUR 173.96 million of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 15.6% of the company's total capital expenditure,indicating that Keskois moderately allocating capital toward climate-aligned initiatives, while maintaining a diversified investment portfolio.a
Insights into Kesko's OPEX from Sustainable Activities
In 2024, Kesko reported EU Taxonomy-eligible OPEX of EUR 64.60 million,representing 100% of its total operating expenses (OPEX). Of this amount, EUR 0 of Kesko's OPEX was classified as EU Taxonomy-aligned, indicating that 0% of the company's operating expenses were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
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