Jacob Wallenberg

Investor AB

The business community is vital for the much-needed transition towards a fossil-free society. As long-term owners, we support our companies in integrating sustainably in their business models and investing in innovation. To us, this is all about securing their long-term competitiveness.

Commitment

As Northern Europe’s largest industrial holding company, Investor has a key role to play in mitigating climate change. Investor has aligned its strategy with the Paris Agreement and has set targets to reach net-zero by 2030.

Key targets and achievements:

  • Reach net-zero by 2030. To reach the target, several initiatives have been implemented, e.g. installed motion lighting, solar panels and charging posts for electric vehicles.
  • Reduce CO2e emissions from portfolio companies by 70% by 2030 compared to 2016: 40% reduction in portfolio companies’ emissions since 2016 equals 999,000 tonnes of CO2e.
  • Accelerate the portfolio companies’ climate strategies beyond their basic footprint, ensuring that all portfolio companies set relevant reduction targets related to their products, services or value chain (the portfolio companies’ scope 3 emissions).

Lighthouse initiative

Investor has aligned its climate strategy to the Paris Agreement and set an ambitious climate target to reduce emissions from the overall portfolio. Carbon emissions from our overall portfolio have decreased by 40% compared to 2016.

As of end 2019, the portfolio companies that represent more than 80% of the portfolio emissions have set Science Based Targets.