“We strive to be the leader in sustainability in Northern Europe's variety discount retail segment” – Tokmanni Group presents its sustainability work in its Sustainability Report 2023

Tokmanni Group Corporation     Press release     18 April 2024 at 6:15 p.m.

Tokmanni Group Corporation has published its Sustainability Report 2023 today, Thursday 18 April 2024. In its sustainability report, the Group demonstrates how it makes responsible choices available for all. In addition, the Group describes its most important sustainability themes and achievements. The report has been prepared in accordance with GRI standards. However, it does not yet comply with CSRD requirements, but the Group is well prepared for reporting according to ESRS standards.

Sustainability work is about concrete actions, meetings with different stakeholders, and bringing sustainable choices into people’s everyday life. Sustainable and responsible business conduct is a strategic choice for Tokmanni Group, and one of the success factors of its strategy. For the personnel, sustainability means, above all, working in accordance with the Group’s values.

“In 2023, our Finnish variety discount retailer Tokmanni Group started its international expansion. As we now operate in Finland, Sweden, and Denmark, the importance and effectiveness of our sustainability work are emphasised more than ever before,” says Mika Rautiainen, President and CEO of Tokmanni Group, in the Group’s Sustainability Report 2023 and on the website.

“We will continue to serve our customers with pride, and our ambition is to be the leader in sustainability in Northern Europe’s variety discount retail segment,” he adds.

Examples of Tokmanni Group’s sustainability highlights in 2023

Tokmanni**:

• Tokmanni systematically reduced its climate impacts. Tokmanni received a B score from CDP. Tokmanni uses 100% carbon-free electricity. Tokmanni’s solar panels covered nearly 10% of annual total measured electricity consumption. In addition, over 49% of Tokmanni suppliers by spend have set science-based climate targets.
• The design and construction work of Tokmanni’s new logistics centre Moreeni complies with the ‘Very Good’ rating level of the BREEAM environmental certification criteria.
• Injury rate at Tokmanni has decreased nearly 30% from previous year, showing the results of persistent efforts.
• Tokmanni launched a bi-weekly centralised induction day for its new store employees.
• During 2023, 3,284 Tokmanni employees participated in at least one training.
• Tokmanni was the first Finnish retail chain to bring Ecocert certified personal hygiene series Luonnon Pisara as private label.
• Collaboration with John Nurminen Foundation continued for the fourth year in a row – altogether EUR 163,000 has been donated to protect the Baltic Sea.
• The company prepared for tightening sustainability legislation.
• 97% of Tokmanni’s sourcing from risk countries came from third-party audited factories.
• Tokmanni expanded its cooperation with MIELI Mental Health Finland in 2023, donating EUR 10,000 in total from the sales of Arki 360° products to domestic mental health and crisis relief.

Dollarstore:

• Dollarstore took first big steps towards more sustainable business.
• Dollarstore launched the first whistleblowing channel for anonymous reporting.
• Dollarstore started the integration of Group’s policies into its operation.
• Dollarstore joined amfori BSCI.
• Majority of the office employees and store and warehouse managers at Dollarstore completed the Code of Conduct training.

Tokmanni Group:

• The Group published its updated Human Rights Policy.
• A successful collaboration of Tokmanni’s sustainability work with Shoe House and Dollarstore began.

More information about Tokmanni Group’s sustainability work is available on its website. The Group’s English-language Sustainability Report 2023 is available at ir.tokmanni.fi/en/sustainability/sustainabilityreport.


*Due to businesses acquired in 2023, Tokmanni Group is in a transition phase in the integration of Dollarstore as well as Click Shoes and Shoe House operations into its sustainability target setting and reporting. Tokmanni Group consists of Tokmanni and Dollarstore segments. Tokmanni segment consists of Tokmanni stores, Miny stores, Click Shoes stores and Shoe House stores, as well as Tokmanni and Click Shoes online stores. When referring to Shoe House and Click Shoes store chains, name Shoe House is used to cover both shoe store chains, unless otherwise stated. Dollarstore segment consists of Dollarstore and Bigdollar stores. Majority of sustainability targets regarding 2023 cover Tokmanni-segment. Sustainability targets for 2024 are mainly set for the whole Group. Tokmanni Group’s corporate responsibility will be discussed more broadly in the Sustainability Report.

** Information about Tokmanni presented here excludes Shoe House.


TOKMANNI GROUP CORPORATION


For further information, please contact:


Sirpa Huuskonen
Vice President, People, Culture and Sustainability
Tokmanni

Tel. +358 20 728 6520
sirpa.huuskonen(at)tokmanni.fi


Maarit Mikkonen
Head of IR and Communications
Tokmanni

Tel. +358 40 562 2282
maarit.mikkonen(at)tokmanni.fi


Calls to a corporate number beginning with +358 20 7 from a landline or a mobile phone are EUR 0.0835 per minute + EUR 0.1669 per minute (incl. VAT 24%). Calls from outside Finland are subject to an international call charge.


Tokmanni Group Corporation is one of the leading variety discount retailers in the Nordics. Around 6,600 employees in Finland, Sweden and Denmark make customers’ everyday life and special occasions easier by offering a versatile and up-to-date assortment of nordic and international brand-name products and other high-quality products at prices that are always affordable. With more than 370 Tokmanni, Dollarstore, Bigdollar, Miny, Click Shoes and Shoe House stores and online stores, the Group is always close to its customers. In 2023, the Group's revenue was EUR 1,393 million and comparable EBIT amounted to EUR 99 million. The Tokmanni Group Corporation's shares are listed on Nasdaq Helsinki.