“We have high ambitions in sustainability because we fundamentally believe it builds better businesses and creates superior shareholder value. We have seen it time and time again, the companies that operate in a sustainable manner offer better products and services to their customers, are more appealing to employees, and ultimately outperform their competitors in the long run.”

Georgi Ganev, Kinnevik’s CEO

Highlights from the Sustainability Report 2021

• We continued the roll-out of our climate strategy across the portfolio. Per end of 2021, companies representing 52% of portfolio value have measured their emissions in Scope 1, 2 and relevant scope 3 categories in accordance with the GHG Protocol, compared to 28% at the end of 2020 on a comparative basis
• We provided hands-on support to many of our companies in implementing forward-leaning Diversity & Inclusion strategies. In addition, 24% of Kinnevik’s investments into new companies during 2021 was invested in female founded companies, compared to our target of 10%. In February 2022, we announced updated and more ambitious Diversity & Inclusion targets to address a broader approach to diversity and the importance of inclusion of all
• We continued to improve the governance structures across the portfolio, with a particular focus on new companies. In 2021, the annual average ESG score increased by 12 percentage points on a comparative basis
• In November 2021, Kinnevik published a Sustainability-Linked Financing Framework as a next step in integrating our commitment and ambition to be a sustainability leader into our financing solutions. The final redemption prices of the bonds depend on Kinnevik’s ability to meet annual sustainability performance targets