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Kinnevik publishes Annual & Sustainability Report 2023

4 April 2024, 8:00 AMRegulatory information
Kinnevik AB (publ) (“Kinnevik”) today published its Annual & Sustainability Report for 2023 on its website

“Kinnevik has always focused on finding the next generation of winning businesses and working closely with them over decades of growth. With our experienced team, active ownership approach, permanent capital and strong track record, we are very well placed to support our companies in building long-term sustainable and successful businesses.”

Georgi Ganev, Kinnevik’s CEO

Highlights from the Sustainability Report 2023

  • We continued to actively help our portfolio companies to implement holistic and business integrated sustainability strategies through individualised advisory sessions, workshops and best practice sharing opportunities
  • Strong performance on diversity, equity and inclusion across the portfolio, with 91% of companies making progress on their respective ambitions and gaps. In addition, the average share of women in the portfolio companies’ management teams increased from 31% to 36% during the year
  • Beat our climate target for the portfolio, with our emissions-reporting companies decreasing emissions intensity by 14% year-over-year compared to our target of 7%
  • Equileap rated Kinnevik a top performer on gender equality and we were the only investor on the top 10 list in Sweden. They also specifically praised our parental leave policy
  • Achieved a CDP score of A- for our climate disclosures, placing us among the top 5% of 23,000 companies disclosing in 2023
  • Purchased over 2,000 tCO2e carbon removals from Agreena and Charm Industrial, both our portfolio companies, and from Frontier’s offtake portfolio