Read more in our latest Sustainability Report:
Diversity & Inclusion targets fulfilment in 2021
In May 2019, Kinnevik launched a diversity and inclusion (”D&I”) framework with four explicit targets to drive the important change we want to see at Kinnevik, in our portfolio and the broader industry. Since then we have received the 2021 Allbright Award, been named a 2021 best practice leader by the European Women on Boards and ranked #1 in Sweden and #62 globally in Equileap’s 2021 Global Report. We have also made progress on all four D&I targets, read more here.
In February 2022, we announced our updated and more ambitious D&I targets which going forward will replace the targets announced at the 2019 AGM. Read more about our new D&I targets here.
Kinnevik’s policies, processes and rules relating to diversity and inclusion are outlined in Kinnevik’s corporate policies, including the Employee Handbook, Talent Management Policy and Work Environment Handbook. Read more about the key aspects of D&I at Kinnevik here.
A small and diverse Kinnevik team
Kinnevik has a firm set of core values. Our team members share an entrepreneurial spirit, as well as a belief in building long-term sustainable businesses. According to a voluntary and anonymous survey sent to the full Kinnevik team in November 2021, 13% of team members self-identified as of an ethnic minority background. The response rate of the survey was 86%. Further, together with an external consultant, Kinnevik performed a Gender Pay Gap analysis during 2021 to identify potential underlying biases in our compensation process. The analysis looked at both unjustified pay gaps for equal jobs and underlying structural obstacles for equal opportunity. No significant gaps were identified.
Employee well-being is our top priority
Kinnevik is committed to promoting a good, safe and healthy work environment for all employees across physical, organisational and social aspects, where the risks of occupational injuries and work-related ill-health are prevented. The goal is to strengthen the employees’ motivation, effectiveness, health and well-being.
In order to assess how our employees feel about working for Kinnevik, we conduct an annual employee satisfaction and engagement surveys. The results of the survey in 2021 did not indicate any significant issues with regards to human rights, equal opportunities or work environment. Out of the 79% of employees that responded to Kinnevik’s 2021 employee surveys, Kinnevik received an 2021 average eNPS score of 48 (scale of -100 to +100, where a score above +30 is considered excellent) when asked if the employees would recommend Kinnevik as an employer to a friend.
A better world for children
At Kinnevik we believe that entrepreneurship is a catalyst of change, which is one of many reasons we became co-founders of Reach for Change more than 10 years ago. Together we empower social entrepreneurs with innovative ideas, brave enough to change the world.