Tokmanni Group continues its credible climate work – New, science-based climate targets were confirmed to apply to all of the Group’s current operations in the Nordics

Tokmanni Group has had its near-term, science-based climate targets validated by the Science Based Targets initiative and extended them to cover operations in all current markets (Finland, Sweden and Denmark), committing to reduce absolute scope 1 and 2 GHG emissions 42% by 2030 from a 2024 base year and to have 80% of suppliers by spend set science-based targets by 2030; the measures focus on energy efficiency, switching to fossil-free electricity and increasing renewable energy. The move builds on Tokmanni’s prior achievement of a 71.5% reduction in scope 1 and 2 emissions in its Finnish business by end-2024 and follows expansion via the Dollarstore acquisition, reflecting that most operational emissions come from heat and power use. For investors, the announcement strengthens the group’s ESG credentials, signals material operational and procurement changes ahead (notably supplier engagement and energy sourcing), and is integrated into its CSRD reporting and CDP participation.

Analysis

Tokmanni Group on 12 December 2025 announced Science Based Targets initiative (SBTi) validation of its near‑term climate targets, formally committing to reduce absolute scope 1 and 2 GHG emissions 42.0% by 2030 from a 2024 base year and to have 80.0% of suppliers by spend set science‑based targets by 2030; SBTi approval was granted on 14 November 2025. The validated targets extend coverage to all current operating countries (Finland, Sweden and Denmark) following expansion via the Dollarstore acquisition, and the company notes that most operational emissions arise from heat and electricity consumption. Tokmanni cites past delivery in Finland as proof point—its Tokmanni segment achieved a 71.5% reduction in scope 1 and 2 emissions by end‑2024 versus a 2015 baseline—while supplier coverage stood at 47.6% by end‑2024, leaving a material gap to the 2030 supplier goal. The programme emphasizes energy‑efficiency measures, switching to fossil‑free electricity, increased renewables and a unified sourcing organisation to drive supplier engagement; investors should weigh improved ESG credentials and potential long‑term cost savings against near‑term implementation and procurement costs, and monitor CSRD disclosures and CDP scoring (Tokmanni received CDP B in 2024).

Key Decisions for Investors

• Adopt a cautiously constructive stance: SBTi validation and a demonstrated 71.5% reduction in Finland support Tokmanni's ESG credibility, but limit position size until progress is visible across Sweden/Denmark and supplier engagement accelerates
• Monitor three high‑frequency KPIs—percentage progress to the 42% scope 1/2 reduction from 2024, share of supplier spend with SBTs (target 80% by 2030), and new fossil‑free electricity procurement agreements—and re‑rate exposure as these metrics move in line with targets
• Anticipate near‑term incremental capex or procurement costs related to energy transition and supplier programs that could pressure margins; consider hedging or staged entries and reassess when CSRD reports and subsequent CDP scores show measurable improvement
• ESG‑focused investors should engage with investor relations for a detailed implementation roadmap and interim targets, while generalists should watch for operational cost savings from energy efficiency that would offset transition spending