Read more in our Sustainability Report 2019:
The Kinnevik Standards
Kinnevik has developed a structured framework to define best practices for our companies, to measure performance and to set priorities and roadmaps, called the Kinnevik Standards (the “Standards”). They were developed based on stakeholder dialogues, peer benchmarking and industry best practice.
Kinnevik’s investment team, supported by the Sustainability Function, is responsible for implementing the Standards in our investee companies. At its core, the Sustainability Function is a business development function with the purpose of supporting our companies to put the necessary structures, processes and culture in place to be successful over the long term.
The Standards mirror our material topics and comprise 64 standards across the three dimensions of sustainable development: economy, society and environment.
The Scoring Process
Kinnevik performs a yearly assessment of all our material investee companies, public and private, based on the Standards. Following the completion of the assessment, Kinnevik scores the investee companies on their fulfilment of each standard. The development of the scores can be tracked over time for the total portfolio and for individual companies.
Our public investee companies perform a yearly self-assessment to evaluate their fulfilment of the Standards. The selfassessment is compared to Kinnevik’s assessment and any material gaps are addressed. The company’s management team, together with Kinnevik’s representative on the board and the Sustainability Function, identify key risks and set priorities for the coming year. Following approval by the company’s board or audit committee, the agreed sustainability agenda is implemented and followed up by management.