Kinnevik Sustainability Profile
Kinnevik AB, commonly referred to as Kinnevik, is a prominent investment company headquartered in Sweden (SE). Founded in 1936, Kinnevik has established itself as a key player in the digital consumer sector, focusing on areas such as e-commerce, telecommunications, and media. With a strong presence in Europe and North America, the company has successfully nurtured and invested in innovative businesses that drive growth and transformation. Kinnevik's portfolio includes notable brands in various industries, distinguished by their commitment to sustainability and digital advancement. The company has achieved significant milestones, including successful public listings and strategic partnerships, solidifying its market position as a leader in venture capital. Kinnevik continues to leverage its expertise to identify and support disruptive business models, making it a vital force in the investment landscape.
DitchCarbon Score
How does Kinnevik's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Kinnevik's score of 48 is higher than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Kinnevik's reported carbon emissions
In 2024, Kinnevik reported total carbon emissions of approximately 417,900 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 410,700 kg CO2e. Within this, business travel was the largest source, contributing approximately 280,000 kg CO2e. Scope 1 emissions were about 7,100 kg CO2e, primarily from mobile combustion, while Scope 2 emissions totalled around 100 kg CO2e, largely from purchased heat. Kinnevik has set ambitious climate commitments, aiming to reduce greenhouse gas emissions from its operations by 50% by 2030 and by 90% by 2050, using 2019 as the base year. This target encompasses all scopes (1-3), excluding category 15 (Investments). The company is currently on track to meet its near-term target for 2030. In 2023, Kinnevik's total emissions were approximately 362,700 kg CO2e, showing a slight increase from 2022's 397,000 kg CO2e. The company has consistently disclosed emissions across all scopes, demonstrating transparency in its sustainability efforts. Kinnevik's commitment to reducing its carbon footprint aligns with industry standards and reflects a proactive approach to climate change mitigation.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 37,000 | 00,000 | 00,000 | 00,000 | 00,000 | 0,000 | 0,000 | 0,000 | 0,000 |
| Scope 2 | 7,000 | 00,000 | 0,000 | 0,000 | 0,000 | 0,000 | 0,000 | 0,000 | 000 |
| Scope 3 | 547,000 | 000,000 | 000,000 | 000,000 | 00,000 | 000,000 | 000,000 | 000,000 | 000,000 |
How Carbon Intensive is Kinnevik's Industry?
How Carbon Intensive is Kinnevik's Location?
Kinnevik's Scope 3 Categories Breakdown
Kinnevik's Scope 3 emissions, which increased by 16% last year and decreased by approximately 25% since 2016, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 68% of Scope 3 emissions.
Top Scope 3 Categories
Kinnevik's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Kinnevik has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
