KINNEVIK IS DRIVING THE CHANGE WE WANT TO SEE IN THE INDUSTRY
Diversity & Inclusion highlights in Kinnevik’s portfolio
In May 2019, Kinnevik launched a Diversity & Inclusion (D&I) framework to drive the important change we want to see in our portfolio and the broader industry. Besides the obvious rationale of equal rights for all employees, we firmly believe D&I brings clear business benefits by promoting innovation, financial performance and efficiency, and enables us to attract top talent. In order to deliver on our vision of providing more and better choice we need to truly understand our customers, which is why it makes perfect sense that our organisation and portfolio company teams reflect their customer base. In summary, we are convinced that D&I is a key driver of transformation and that our D&I initiative will ensure we build stronger and better companies that can become the disruptors of tomorrow.
Read more about the framework and our 2022 targets here.
While diversity may be measured by many different characteristics, gender diversity is widely considered to be the primary measure. Therefore, we have chosen to focus our concrete actions initially on gender diversity. Below are some highlights from our portfolio, showing our Group’s commitment to D&I and the positive trends we see among our companies.
Having diversity across all levels of our organization not only allows us to better understand our patients, it also helps us achieve better business results through increased creativity, a broader spectrum for innovative thinking, improved empathy, and so much more
To practice what it preaches, GFG has increased the percentage of women in its management team from zero at its foundation in 2014 to 40% in December 2018. Furthermore, the team today consists of 7 different nationalities. The same trend is seen on the board, which is headed up by a female chairman and where the percentage of women has increased from none in 2014 to 50% today, clearly demonstrating GFG’s commitment to gender diversity.
In today's world, companies must reflect their consumer base, and our consumer base is global, diverse and 60% women. Unless we put that into the value system of the company, we will never build something that reflects what consumers actually wants