Kinnevik
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 60 is higher than 79% 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 category, contributing about 280,000 kg CO2e. Scope 1 emissions were about 7,100 kg CO2e, and Scope 2 emissions were approximately 100 kg CO2e. Comparatively, in 2023, Kinnevik's total emissions were about 362,700 kg CO2e, with Scope 3 emissions again dominating at approximately 353,500 kg CO2e. This indicates a rise in total emissions from 2023 to 2024, primarily driven by increased business travel. 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, although it is not on track for its long-term target for 2050 in the near term. Kinnevik's emissions data is sourced directly from Kinnevik AB, with no cascaded data from parent or related organizations. The company is actively working towards its sustainability goals, as outlined in its annual sustainability reports.
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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 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Kinnevik is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
