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Kinnevik publishes Annual & Sustainability Report 2022

4 April 2023, 8:00 AMRegulatory information
Kinnevik AB (publ) (“Kinnevik”) today published its Annual & Sustainability Report for 2022 on its website

“Climate change and social equity are the defining challenges of our time. The moral case is clear. But the business case to prioritise sustainability has also never been stronger. We believe companies that integrate sustainability into their value creation are more competitive, more resilient and will generate the greatest value over the long-term for stakeholders and shareholders alike. It has proven to be a deciding factor for founders to partner with us, talented people choosing to work for us, and a driver for other investors to co-invest with us.”

Georgi Ganev, Kinnevik’s CEO

Highlights from the Sustainability Report 2022

  • Continued the roll-out of our climate strategy across the portfolio. Between 2020 and 2021, the emissions-reporting companies in Kinnevik’s portfolio decreased their emissions intensity by 11%, exceeding our annual target of 7%
  • Supported our companies in implementing bespoke and business integrated strategies related to diversity, equity and inclusion. In addition, 17% of Kinnevik’s investments into new companies over the last two years have been invested in female founded or led companies, exceeding our target of 10%
  • The average total portfolio ESG score, which is based on the Kinnevik Standards, increased by 10 percentage points on a comparative basis, exceeding our annual target of 5 percentage points
  • Set a new climate target to reduce greenhouse gas emissions from Kinnevik’s operations by 50% in 2030 and by 90% in 2050, with 2019 as base year (scope 1-3 excluding category 15 Investments)
  • We received double recognition for our leadership in sustainability – Kinnevik was the only firm awarded the highest category in the Honordex Inclusive Index Report, and one of the top performing companies in Sweden in Lund University’s sustainability ranking