Our sustainability strategy is a framework set up to focus our resources on the most relevant economic, social and environmental issues, drive performance and to engage internal and external stakeholders. The framework consists of Kinnevik’s three material topics as well as targets and key performance indicators for each topic. Read more under each sustainability topic below.
Sustainability Strategy & Targets
Kinnevik’s sustainability strategy is based on the UN 2030 Agenda for Sustainable Development. The 2030 Agenda represents an exciting business opportunity as it represents unmet demand across the globe
Kinnevik
Most relevant Global Goals:
8.1: Sustainable economic growth
16.5: Substantially reduce corruption and bribery
16.6: Develop effective, accountable and transparent institutions
Our targets:
- Maintain sound corporate governance structures including risk management and compliance in Kinnevik’s own operations
- Deliver an annual total shareholder return of 12-15% over the business cycle
- Carry low leverage not exceeding 10% of portfolio value
Portfolio
Most relevant Global Goals:
8.1: Sustainable economic growth
8.2: Diversify, innovate and upgrade for economic productivity
16.5: Substantially reduce corruption and bribery
16.6: Develop effective, accountable and transparent institutions
Our targets:
- Build companies with sound corporate governance, risk management and compliance structures
- Ensure long-term sustainable economic growth across our portfolio companies
Kinnevik
Most relevant Global Goals:
5.5: Ensure women’s full participation in leadership and decision-making
8.8: Protect labour rights and promote safe working environments
17.16: Enhance the global partnership for sustainable development
Our targets:
- Attract, recruit and retain talented employees
- Be an attractive employer with diversity & inclusion, well-being and personal development in focus
- Contribute to and improve the policy landscape and society as a whole through open dialogues
- Community outreach engagement through Reach for Change
Read more about target fulfilment here >
Diversity & Inclusion Targets
Kinnevik has adopted four D&I targets to drive change within Kinnevik and our portfolio. Read more about the targets and target fulfillment in our Diverity & Inclusion Framework.
Portfolio
Most relevant Global Goals:
5.5: Ensure women’s full participation in leadership and decision-making
8.8: Protect labour rights and promote safe working environments
16.5: Substantially reduce corruption and bribery
16.6: Develop effective, accountable and transparent institutions
17.16: Enhance the global partnership for sustainable development
Our targets:
- Ensure our companies build responsible business relationships with suppliers, including human rights, business ethics and health & safety considerations
- Ensure our companies are attractive employers with human rights, health & safety, diversity & inclusion, well-being and personal development in focus
- Ensure our companies have committed community outreach programs
Kinnevik
Most relevant Global Goal:
13.2: Integrate climate change measures into policies and planning
Our target:
Net zero greenhouse gas emissions from Kinnevik’s own operations and business travel by 2020 and onward
The target entails Kinnevik to reduce its own greenhouse gas emissions to as close to zero as possible, and offset emissions from business trips and other unavoidable emissions to achieve net zero emissions. The offsetting will be done through a permanent carbon dioxide removal program, leveraging technology which enables capture of carbon dioxide from the air and storing it underground.
As the climate target was set in May 2020 we will be able to report on progress during 2021.
Portfolio
Most relevant Global Goals:
12.5: Substantially reduce waste generation
12:6: Encourage companies to adopt sustainable practices and sustainability reporting
13.2: Integrate climate change measures into policies and planning
Our target:
50% reduction in greenhouse gas emission intensity in Kinnevik’s portfolio by 2030 compared to 2020
The target entails all portfolio companies to set relevant climate targets across their operations and value chains to align with actions needed to limit global temperature rise to 1.5˚C above pre-industrial levels. Due to the high growth nature of many of our companies, their emissions will be measured in relation to the development of relevant economic and physical metrics.
As the climate target was set in May 2020 we will be able to report on progress during 2021.
Kinnevik addresses sustainable business development on two levels, Kinnevik: A Responsible Company, and Portfolio: Our Active Ownership. Our material topics are applied on both a Kinnevik and a Portfolio level with specific targets and KPIs for each level. Kinnevik's sustainability framework is based on the UN Global Goals, and we contribute to six Goals in particular. Under each sustainability topic above we present the most relevant Global Goals as well as our targets for each topic.
The Global Goals Kinnevik contributes to:
GOAL 5 Gender equality
GOAL 8 Decent work and economic growth
GOAL 12 Responsible consumption and production
GOAL 13 Climate action
GOAL 16 Peace, justice and strong institutions
GOAL 17 Partnerships for the Goals
Read more in our latest Sustainability Report: