Read more in our Sustainability Report 2019:
Greenhouse Gas Emissions Estimate
Kinnevik conducts a yearly greenhouse gas (“GHG”) emissions estimate which quantifi es the total direct and indirect greenhouse gas emissions produced by our operations. The estimate provides us with a tool to monitor and reduce our climate impact. The assessment has been carried out in accordance with the GHG Protocol Corporate Accounting and Reporting Standard.
Result for 2019
During 2019, Kinnevik generated 659 (645) tonnes of CO2e in total, corresponding to 16.6 (17.6) tonnes per full time equivalent employee. Our largest climate impact was in Scope 3 where business travel (which consists almost entirely of air travel) accounts for 95 (95) percent of Kinnevik’s total emissions in 2019.
Compensating Our Carbon Emissions
In order to take responsibility for our carbon footprint, we compensate by offsetting our emissions in full. For 2019 emissions, we have continued our partnership with a community-based reforestation initiative in the municipality of San Juan de Limay in Nicaragua. See the certificate for 2019 here (in Swedish).
Task Force on Climate-related Financial Disclosures (TCFD)
The effects of climate change are clearly visible and will have an increasingly tangible impact on Kinnevik and our portfolio. Implementing the recommendations of the TCFD enables us to identify, assess and manage our most material climaterelated risks and opportunities. Read more in Kinnevik’s TCFD report for 2019 and the first half of 2020 >