Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Sweden
  4. Nasdaq Stockholm
  5. Kinnevik AB
  6. News
  7. Summary
    KINV B   SE0015810247

KINNEVIK AB

(KINV B)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Kinnevik Publishes Sustainability Linked Financing Framework and Announces Intention to Issue Sustainability Linked Notes

11/02/2021 | 08:00am EST

Kinnevik AB (publ) ("Kinnevik") today announced that it has established a Sustainability Linked Financing Framework (“SLF Framework”) under which it can issue Sustainability Linked Securities, including bonds and loans. The SLF Framework reinforces Kinnevik’s commitment to its sustainability targets, including reducing GHG emission intensity in its portfolio, and backing a more diverse group of founders and company leaders through its capital allocation targets.

Adding a sustainability link to its debt financing underlines Kinnevik’s commitment to an integrated sustainability approach and transparency. The targets selected for the SLF Framework relate to Kinnevik’s portfolio, as this is where the greatest potential impact of the company’s sustainability work lies. The SLF Framework includes three yearly Sustainability Performance Targets covering all three dimensions of ESG -

  • Environmental: 7 percent reduction in greenhouse gas emission intensity from Kinnevik’s portfolio from year to year, i.e. in total a 50 percent reduction by 2030 compared to 2020 (majority of scope 3)
  • Social: On a two-year rolling basis, at least 10 percent of the capital invested into new companies by Kinnevik should be invested in female founded or led companies
  • Governance: 5 percentage point improvement in annual average ESG score from year to year across the portfolio

The SLF Framework has been externally verified by CICERO Shades of Green and IISD to be aligned with ICMA’s sustainability-linked bond principles and sustainability linked loan principles . They have also verified that the sustainability linked structure is relevant, core and material to Kinnevik. The SLF Framework and CICERO Shades of Green and IISD’s second party opinion can be found on Kinnevik's website at www.kinnevik.com under the heading "Funding" (which can be found under the section "Investors").

A sustainability link has already been incorporated into Kinnevik’s SEK 5bn Revolving Credit Facilities. 

Georgi Ganev, CEO of Kinnevik commented: “At Kinnevik we truly believe that to be a long-term successful company you need to be part of the solution to our common sustainability challenges, not the problem. That is why our sustainability work is at the heart of our active ownership and an integral part of our value creation process, laying the foundation for our ambition to be Europe’s leading listed growth investor. Establishing a Sustainability Linked Financing Framework is therefore a natural next step for us whereby we integrate our commitment and ambition to be a sustainability leader into our financing solutions.”

Furthermore, Kinnevik today announced its intention to issue its first sustainability-linked notes during the fourth quarter, subject to market conditions, under its SEK 6bn MTN Program. Notes will be offered in accordance with the SLF Framework and any offering will be preceded by fixed income investor meetings.

For further information, visit www.kinnevik.com or contact:

Torun Litzén, Director Investor Relations
Phone +46 (0)70 762 00 50
Email press@kinnevik.com

Kinnevik's ambition is to be Europe's leading listed growth investor, and we back the best digital companies for a reimagined everyday and to deliver significant returns. We understand complex and fast-changing consumer behaviours, and have a strong and expanding portfolio in healthtech, consumer services, foodtech and fintech. As a long-term investor, we strongly believe that investing in sustainable business models and diverse teams will bring the greatest returns for shareholders. We back our companies at every stage of their journey and invest in Europe, with a focus on the Nordics, and in the US. Kinnevik was founded in 1936 by the Stenbeck, Klingspor and von Horn families. Kinnevik's shares are listed on Nasdaq Stockholm's list for large cap companies under the ticker codes KINV A and KINV B.

Attachment

  • Press release pdf

© OMX, source GlobeNewswire - EU Press Releases

All news about KINNEVIK AB
01/11KINNEVIK INVESTS USD 60 MILLION IN TRANSCARENT – THE FIRST COMPREHENSIVE HEALTH A..
AQ
01/11TravelPerk S.L. announced that it has received $275 million in funding from a group of ..
CI
01/11Transcarent, Inc. announced that it has received $200 million in funding from a group o..
CI
2021HungryPanda Limited announced that it has received £98 million in funding from a group ..
CI
2021Kinnevik, Eurazeo Join German Electric Car Rental Startup's $95 Million Fundraising
MT
2021Kinnevik invests USD 23 million in Vay – a leading teledrive mobility company
AQ
2021Mathem to merge with Axfood's Mat.se and enter into long-term supply agreement with Dag..
AQ
2021Kinnevik invests in Pleo's USD 200 million financing round to further build on its >10x..
AQ
2021Danish fintech firm Pleo raises another $200 mln at $4.7 bln valuation
RE
2021Pleo Technologies A/S announced that it has received $350 million in funding from a gro..
CI
More news
Analyst Recommendations on KINNEVIK AB
More recommendations
Financials
Sales 2021 1 502 M 166 M 166 M
Net income 2021 15 329 M 1 691 M 1 691 M
Net cash 2021 1 829 M 202 M 202 M
P/E ratio 2021 5,11x
Yield 2021 1,74%
Capitalization 79 187 M 8 789 M 8 737 M
EV / Sales 2021 51,5x
EV / Sales 2022 60,7x
Nbr of Employees 40
Free-Float -
Chart KINNEVIK AB
Duration : Period :
Kinnevik AB Technical Analysis Chart | KINV B | SE0015810247 | MarketScreener
Technical analysis trends KINNEVIK AB
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 8
Last Close Price 282,35 SEK
Average target price 322,17 SEK
Spread / Average Target 14,1%
EPS Revisions
Managers and Directors
Georgi Martin Ganev Chief Executive Officer
Erika Johanna Söderberg Johnson Chief Financial Officer
James Kennedy Anderson Chairman
Natalie Patricia Tydeman Senior Director-Investment
Lena Charlotte Strömberg Independent Director
Sector and Competitors
1st jan.Capi. (M$)
KINNEVIK AB-13.34%8 789
INVESTOR AB (PUBL)-9.26%72 505
CK HUTCHISON HOLDINGS LIMITED10.24%27 291
GROUPE BRUXELLES LAMBERT SA-0.33%16 702
HAL OPTICAL INVESTMENTS B.V.-2.33%14 081
AB INDUSTRIVÄRDEN (PUBL)1.94%14 004