Sustainability Strategy

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

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 material topics as well as targets and key performance indicators (“KPIs”) for each material topic.

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 contributes to six Global Goals in particular, read more under each material topic below.

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 Sustainability Report 2019:

Strategy & Framework (pdf)

ECONOMY

Sound Governance Structures and Economic Growth

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

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

Read more about target fulfilment here >

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

Targets:

  • Build companies with sound corporate governance, risk management and compliance structures
  • Ensure long-term sustainable economic growth across our portfolio companies

Read more about target fulfilment here >

SOCIETY

Social Responsibility and Good Corporate Citizenship

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

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:

In May 2019, Kinnevik adopted a Diverity & Inclusion Framework with four overarching targets:

  • 40/60 Composition – by end of 2022 Kinnevik shall have a 40/60 composition (at least 40% of the underrepresented gender) in the Management team as well as in the Investment and Corporate teams
  • 10% Female Capital – from 2019 and onwards, at least 10% of the annual investment budget shall be reserved for investments in female-founded or led companies. If the 10% is not invested, it will roll over and increase next year’s earmark to 20%
  • No Follow-Ons – Kinnevik will only consider making follow-on investments in companies that it believes have made progress in relation to diversity and inclusion
  • Leadership – all Kinnevik managers are to be measured on diversity and inclusion, and the results will be linked to their remuneration

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

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

Read more about target fulfilment here >

ENVIRONMENT

Reduced Climate Impact

Kinnevik


Most relevant Global Goal:

13.2: Integrate climate change measures into policies and planning

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.

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

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.