For us, being at the cutting edge of providing consumer choice also means being ambitious about sustainability. As an active owner and lead investor, we therefore have clear expectations on our investee companies to conduct their operations in a responsible and ethical manner.
In 2011, Kinnevik formally adopted the ten principles of the United Nations (UN) Global Compact in the areas of human rights, labour, the environment and anti-corruption. Our Sustainability Report 2016 describes the actions taken to integrate the UN Global Compact and its principles into Kinnevik’s business strategy, culture and daily operations. This year’s report adheres to the GRI G4 Guidelines and draws inspiration from the International Integrated Reporting Council’s International Integrated Reporting Framework. In 2016, Kinnevik has also implemented a climate reporting system, Our Impacts. The full findings from the Climate Report is available here.
In line with Kinnevik’s commitment to conducting our business to the highest ethical standards, we have a Code of Conduct, a Whistleblower Policy and a Corporate Responsibility Policy. All employees and representatives of Kinnevik are expected to comply fully with the Code of Conduct. As outlined in the Whistleblower policy, Kinnevik also expects all employees, as well as relevant third parties who deal with the company, to come forward and voice all serious concerns about any aspect of Kinnevik’s work. In the Corporate Responsibility Policy, we outline Kinnevik’s expectations in relation to how our investee companies should manage their social and environmental impact on stakeholders.
For Kinnevik, sustainability, including social responsibility and environment, is closely interlinked with Governance, Risk management and Compliance (“GRC”) structures. To support the integration of our sustainability agenda into our business, Kinnevik established a dedicated GRC function in 2014. The purpose of the GRC function is to drive and follow up the implementation of sustainability structures at Kinnevik and within Kinnevik’s investee companies. In 2016, Kinnevik also established a GRC Committee, appointed by the Board of Directors, to assist the Board in monitoring the governance and sustainability structures of Kinnevik and our investee companies, including risk management processes and compliance with laws, regulations and codes of conduct.