Targets and Outcome
Operating Priorities - Financial Targets
Grow our net asset value
Our adjusted net asset value amounted to SEK 546bn at year-end 2020 (485), a change, with dividend added back, of 14 percent (33). Consequently, our net asset value growth exceeded our 8-9 percent annual return requirement during 2020.
Management costs amounted to SEK 531m (513), corresponding to approximately 0.10 percent of our adjusted net asset value (0.11).
Pay a steadily rising dividend
The Board of Directors proposes a SEK 14.00 dividend per share (9.00), to be paid in two installments, SEK 10.00 per share in May, 2021, and SEK 4.00 (subject to the proposed 4:1 share split) per share in November, 2021. Based on this proposal, on average our dividend has increased by 7 percent annually over the past five years and 11 percent over the past ten years.
Read more about our dividend policy here
1. Business Ethics & Governance
Governance and business ethics constitute the foundation of our sustainability approach. Investor's Sustainability Guidelines set clear expectations for Investor and our portfolio companies to conduct the operations in a responsible and ethical manner. Investor has zero tolerance for non-ethical business behavior.
of our companies have signed the UN Global Compact
of our companies have a Whistleblowing channel
of our companies have set measurable sustainability targets
In 2020, Investor engaged with all portfolio companies regarding sustainability. Investor, as well as each of our companies, has a Code of Conduct, Anti-corruption Policy and Whistleblowing channel in place. 96 percent of companies are members of UN Global Compact (95). All portfolio companies have a Health and Safety Policy and a Human Rights Policy in place. 96 percent of the portfolio companies have set measurable targets within sustainability (82).
2. Climate & Resource Efficiency
Investor AB's emissions
Investor is committed to climate targets aligned with the Paris Agreement. Investor's target is to reduce greenhouse gas emissions from our scope 1 and 2 by 50 percent by 2030 compared to 2016. In 2020, emissions equaled 88 tonnes, a reduction of 26 percent compared to 2016. The emissions from Investor AB are low as Investor has no operating business and its premises have a high proportion of renewable electricity. Increased remote working due to covid-19 and increased energy efficiency explain the reduction in 2020.
Portfolio companies' emissions
Investor's target is to reduce greenhouse gas emissions from our portfolio by 50 percent by 2030 compared with 2016 (portfolio companies' scope 1 and 2). The target is aligned with the Paris Agreement to limit the global temperature increase to well below 2 degrees Celsius. In 2020, emissions from our companies equaled 1,482,500 tonnes, a reduction of 40 percent compared to 2016. The data includes our portfolio companies' scope 1 and 2 emissions. In the yearly sustainability questionnaire Investor tracked that 78 percent of our companies have targets to reduce their scope 1 and 2 emissions (50). By the end of 2020, 57 percent of our companies had aligned their reduction targets with the Paris Agreement.
Portfolio companies' indirect emissions
All our companies shall have targets to reduce emissions from their value chain, for example related to the use of their products (the portfolio companies' scope 3 emissions). In addition, all companies shall have resource efficiency targets relevant to their operations.
of our companies measure scope 3 emissions
of our companies have a target for scope 3 emissions
of our companies have a resource efficiency target
3. Diversity & Inclusion
Investor strives for diversity across all dimensions: age, nationality, gender, education as well as differences in mindsets and experiences. We have a target to maintain a gender balance of 40/60 in the Management Group. We measure perceived level of inclusion among employees.
of the Management Group are women
of the Extended Management Group are women
perceived level of inclusion among employees (scale 1-10)
Investor strives for diversity across all dimensions: age, nationality, gender, education as well as differences in mindsets and experiences. Investor's portfolio targets are to reach a gender balance of 40/60 in portfolio companies' boards and management by 2030. In addition, all our companies shall measure perceived level of inclusion among employees. The portfolio companies' board of directors included a representation of 14 nationalities and an average share of women of 30 percent in 2020 (25). In the portfolio companies' management groups, the share of women was 25 percent (24) and 23 nationalities were represented. In 2020, 83 percent of our companies had targets or commitments regarding diversity, mainly focused on gender (77), and 87 percent measured the perceived level of inclusion among employees (59).