Case Study:

Elkjøp (known as Elgiganten outside Norway) is the largest consumer electronics retailer in the Nordics, with 400 stores in six countries and 10,000 employees, owned by Dixons Carphone. To remain a leader in the competitive consumer electronics space, the business operates with ‘lean’ principles to provide the most customer-centric, affordable products in the market.

CUSTOMER: INDUSTRY: LOCATION:

ELKJØP ELECTRONICS RETAILER Norway

Carbon Footprint Reporting

Customer Overview

The electronics industry has a significant carbon footprint, and Elkjøp acknowledges their responsibility by aiming to reduce emissions and energy consumption from its operations. Elkjøp was looking for a partner to help them achieve their future goal of zero emissions and to ensure that their energy portfolio delivers the best value, so they can continue to offer a range of electronics at competitive prices to their customers.

Challenge

World Kinect partnered with Elkjøp to manage their energy procurement and to centralize energy consumption, cost, and carbon reporting data in one platform – the World Kinect portal, exclusive to our customers.

World Kinect Solution

World Kinect gathered, organized, and centralized Elkiøp energy consumption data, allowing us to calculate and report on the carbon footprint from Elkiøp’s multi-site operations.

Importantly, the data was broken down by store location, allowing to focus efficiency efforts on individual stores, providing more control and valuable insights to shape monthly energy efficiency action plans.

World Kinect also supported Elkjøp with regulatory compliance, conducting regular energy audits, and providing the necessary data for mandatory carbon compliance reporting.

Our procurement teams advised Elkjøp on the most efficient energy contracts available and, through our fixed price hedging contracts, saved €460,000 in a 10-month period compared to the spot market.

Elkjøp gained complete visibility of their carbon emissions, energy costs, and consumption across their store portfolio. One store saved almost €19,000 annually when the nightly base load was reduced, and the practice of running heating and cooling at the same time was rectified. Elkjøp continues to benefit from World Kinect’s ongoing energy procurement advisory and audits to minimize carbon footprint and drive efficiencies.

Business Impact

FULL VISIBILITY TO CARBON & ENERGY DATA

SITE LEVEL & CONSOLIDATED REPORTING

€460,000 SAVINGS IN PRICE RISK MANAGEMENT

Providing customers with the right products at the right price is central to our business. As energy contributes a significant part of our total costs, it needs to be managed and controlled closely. World Kinect provides me with the information I need to optimize energy consumption in our stores by highlighting changes in usage and recommending how we can become more efficient.”

STEIN MAGNUS OLAFSRUD, HEAD OF INDIRECT SOURCING / GNFR NORDICS, ELKJØP NORDIC

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