Kinnevik Results Presentation Deck

KINNEVIK HAS SET TWO EMISSIONS REDUCTION TARGETS IN LINE WITH THE PARIS AGREEMENT AND THE 1.5°C AMBITION Climate Targets Description Actions 1 Climate Targets for Kinnevik and Our Portfolio Announced in May 2020 Net zero greenhouse gas emissions from Kinnevik's own operations and business travel by 2020 (Scope 1, 2 and business travel) Reduce Kinnevik's 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. Reduce Kinnevik's own emissions through an internal footprint reduction overview Offset emissions from business trips and other unavoidable emissions through a permanent greenhouse gas removal program Issue a TCFD report (Task Force on Climate-related Financial Disclosures) and report to CDP (the Carbon Disclosure Project) ■ 2 I The reduction target for the portfolio is the key focus of our environmental efforts Ensure all portfolio companies 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 (e.g. per unit of revenue or per product). 50% reduction in greenhouse gas emission intensity in Kinnevik's portfolio by 2030 compared to 2020 (Majority of Scope 3) Implement a greenhouse gas emissions reporting tool in all Kinnevik's portfolio companies Assist companies in setting relevant climate targets and defining a roadmap to reach the targets Drive tailored transformation programs for select companies 12 Ο ΚΙΝΝΕVIK

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