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2017-01-30

Kesko Oyj: Kesko now purchases 100% renewable electricity

KESKO PRESS RELEASE 30.01.2017 AT 10.00 1 (2)

Kesko now purchases 100% renewable electricity

Since the beginning of 2017, all electricity purchased by Kesko in Finland is
renewable. In 2017, the amount of electricity purchased by Kesko will be
approximately 540 GWh. This electricity will be used in K-stores and the
K-Group's other properties.

Especially food stores and food warehouses consume a lot of electricity to
maintain the cold chain of foodstuffs. In addition, electricity is used in
the lighting of those premises and cooling in the summer. The K-Group
accounts for approximately 1% of all electricity consumed in Finland.

"The global energy production is transferring to renewable energy sources.
When we purchase renewable electricity, we promote the production of
renewable energy and support the objectives of the K-Group's climate work,"
says Construction and Maintenance Director Jukka Anttila of Kesko's grocery
trade.

In its responsibility programme, Kesko has committed to mitigate climate
change and promote the production of renewable energy. The transfer to
renewable electricity also supports the K-Group's commitment to the Paris
Climate Agreement's targets and the UN Sustainable Development Goal 7
'Affordable and clean energy' and Goal 13 'Climate action'.

Kesko purchases renewable electricity that has The Renewable Energy Guarantee
of Origin (REGO) from the Nordic countries. In 2017, electricity purchases
will especially focus on Finnish bioenergy. Bioenergy is based on, for
example, by-products from the forest industry and wood based fuels.

K-Group also increases own renewable energy production

Starting from 2016, the K-Group has significantly increased its production and
use of solar power. In June 2016, Finland's biggest property specific solar
power plant was completed on the rooftop of K-Citymarket Tammisto, Helsinki.
By summer 2017, the K-Group will have four more even bigger solar power
plants than that in Tammisto and there will be as many as 16 solar power
plants operating on the rooftops of the K-Group's stores. The new investments
will make the K-Group Finland's biggest producer and user of solar power.

Further information:

Jukka Anttila, Construction and Maintenance Director, Kesko's grocery trade,
tel. +358 50 61978,jukka.k.anttila@kesko.fi

Matti Kalervo, Vice President, Corporate Responsibility, Kesko Corporation,
tel. +358 50 306 4081,matti.kalervo@kesko.fi

Kesko's Annual Report, environmental
section:http://annualreport2015.kesko.fi/gri-report/performance-indicators/envir...

Kesko is a Finnish listed trading sector company. Kesko operates in the
grocery trade, the building and technical trade and the car trade. Its
divisions and chains act in close cooperation with retailer entrepreneurs and
other partners. In 2015, Kesko's net sales totalled €8.7 billion and it
employed nearly 20,000 people. Kesko operates in Finland, Sweden, Norway,
Estonia, Latvia, Lithuania, Russia, Belarus and Poland. Kesko shares are
listed on Nasdaq Helsinki. The company's domicile and main premises are in
Helsinki. www.kesko.fi

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Kesko Oyj via Globenewswire

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