Kinnevik Results Presentation Deck
Intro
Net Asset Value
Portfolio Overview
Sustainability
One of Kinnevik's climate targets is to reduce greenhouse gas emission intensity in our
portfolio by 50% by 2030, with 2020 as base year. The target has been integrated into our
Sustainability-Linked Financing Framework and translated to an annual reduction target, na-
mely, to achieve a reduction in portfolio emissions intensity of 7% year-over-year until 2030.
WE PUBLISHED OUR YEARLY CLIMATE PROGRESS REPORT
In 2022, on a fair value basis, the year-over-year decrease in portfolio emissions intensity
was 14%. Since the base year 2020, the average annual decrease in emissions intensity
was 12%. Thus, in 2022 we exceeded our target both year-over-year and on average an-
nual basis.
KINNEVIK
Georgi Ganev, Kinnevik's CEO, commented:
"The urgency of the climate crisis is evident and the expectations on companies from custo-
mers, employees, investors and regulators are increasing rapidly. I'm proud of our portfolio
companies' ability to continue scaling and contributing to economic growth, while decreasing
their dependency on fossil fuels and aligning their operations with a low-carbon economy."
The Climate Progress Report also includes an overview of the total estimated emissions
from Kinnevik's portfolio. The overview includes the actual emissions from our emissions-
reporting companies (scope 1, 2 and 3) and an estimate of the emissions from our largest
non-reporting portfolio companies (scope 1 and 2, consistent with the PCAF Standard). The
full report is available on our website www.kinnevik.com.
Interim Report. Q2 2023
Financial Statements
Other
14%
Year-over-year decrease in
emissions intensity
Six companies were included in the target calculation 2022,
representing 35% of Kinnevik's portfolio value per 31 December 2022.
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