Kinnevik
we published our yearly climate progress report one of climate targets is to reduce greenhouse gas emission intensity in our portfolio by by with as base year the target has been integrated into our linked financing framework and translated to an annual reduction target to achieve a reduction in portfolio emissions intensity of year over year until in on a fair value basis the year over year decrease in portfolio emissions intensity was since the base year the average annual decrease in emissions intensity was thus in we exceeded our target both year over year and on average an basis commented the urgency of the climate crisis is evident and the expectations on companies from employees investors and regulators are increasing rapidly i 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 portfolio the overview includes the actual emissions from our emissions reporting companies scope and and an estimate of the emissions from our non reporting portfolio companies scope and consistent with the standard the full report is available on our year over year decrease in emissions intensity eke yen | Kinnevik
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July 2023
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20 of 48
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