- Several companies did not meet performance expectations, impacting Net Asset Value.
- Babylon Health liquidation.
- Struggles of consumer-facing companies like Oda/Mathem and Instabee.
- Challenging market backdrop.
- Uncertainty around valuation levels due to challenges in sharing confidential investee financial information.
Kinnevik AB (publ)
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Kinnevik AB (publ) disclosed greenhouse gas emissions of 349 tCO2e in 2023 (excluding portfolio). By scope: Scope 1: 4.4 tCO2e in 2023; Scope 2: 4.8 tCO2e in 2023; Scope 3: 340 tCO2e in 2023. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
349 tCO2e in 2023 (excluding portfolio)
2023
Waste
0.2 tons in 2023 (excluding portfolio)
2023
Energy Use
ca 191,000 kWh in 2023 (excluding portfolio)
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 4.4 tCO2e in 2023 |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 4.8 tCO2e in 2023 |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 340 tCO2e in 2023 |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 349 tCO2e in 2023 (excluding portfolio) |
| 2021 | 92 tCO2e/year (excluding portfolio) |
| 2019 | 659.6K tCO2e/year |
| 2018 | 645 tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Decreased emissions intensity in Kinnevik’s portfolio by 14% year-over-year in 2022 (exceeding the target of 7%).
- Reduced greenhouse gas emissions from Kinnevik’s operations by 32% from 2019 to 2023.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Further increase transparency around investees’ performance and valuation assessments in 2024.
📅 Medium-term
- Reduce greenhouse gas emission intensity in Kinnevik’s portfolio by 50% by 2030 (2020 as base year).
- Reduce greenhouse gas emissions from Kinnevik’s operations by 50% by 2030 and by 90% in 2050 (2019 as base year).
🌱 ESG Focus Areas
Active OwnershipClimate ImpactDiversity, Equity & InclusionCorporate Governance