Quote from Reynir
Solving Global Challenges
Summa’s Managing Partner reflects on the year that has passed.
More than ever, we are convinced that becoming more sustainable is the only way to build more resilient businesses and deliver outsized returns.
- Reynir Indahl
Portfolio highlights
Summa portfiolio companies
had aggregated sales of
And employed about
Summa portfiolio companies had aggregated sales of
12.2 m
In 2020
REVENUE BY THEME
-
Resource Efficiency
10.0 m -
Changing Demographics
1.1 bn -
Tech-Enabled business
1.1 bn
And employed about
5 568
Employees
EMPLOYEE DISTRIBUTION BY THEME
-
Resource Efficiency
36% -
Changing Demographics
37% -
Tech-Enabled business
42%
Summa again received recognition for its approach to value creation in 2020…
Awards
Summa again received recognition for its approach to value creation in 2020…
…and co-winning for best ESG Private Equity Initiatives AND winning for best Nordic LBO fund at the the Private Equity Exchange & Awards 2020
… winning Continental Regional Private Equity House of the Year at the Real Deals Private Equity awards
…and co-winning for best ESG Private Equity Initiatives AND winning for best Nordic LBO fund at the the Private Equity Exchange & Awards 2020
13 major platform investments, aligned with the Sustainable Development Goals…
Platform Investments
…with significant social and environmental impact across three investment themes
Resource
Efficiency
avoided
Changing
Demographics
outcomes
Tech-enabled
business
SAAS solutions
Via Summa provided enhanced resilience
through the Covid-19 pandemic…
Via Summa
through Covid
Despite 2020 seeing a black swan event affecting the entire global economy Summa investees on average increased their revenues.
Via Summa elements, like Digital Savvines, Sustainability is Business, Design thinking and SDG performance tracking has helped our companies navigate the crisis.
… while Summa completed
four successful exits in Q1
2021, post Covid-19
Summa completes
three successful exits
post Covid-19
Sortera has grown to become one of the market leaders in Sweden while bringing attention to the importance of shifting from a linear to a circular economy. They have continuously developed their approach to ESG and worked to improve their positive impact on the SDGs.
Sortera has grown to become one of the market leaders in Sweden while bringing attention to the importance of shifting from a linear to a circular economy. They have continuously developed their approach to ESG and worked to improve their positive impact on the SDGs.
Tons waste processed
Material & energy recovery
of construction and home
waste solutions.
company in Sweden.
Pioneer and Nordic market leader for digital chemical management.
Strong first mover advantage, alongside ownership of largest safety data sheet (SDS) database in the Nordics.
Pioneer and Nordic market leader for digital chemical management.
Strong first mover advantage, alongside ownership of largest safety data sheet (SDS) database in the Nordics.
Industries covered
Registered users
management company.
on year Q1 2021
Leading Swedish proteomics company with proprietary technology supporting human disease research.
Strong fundamentals underpinned by ageing population, driving demand for treatment.
Leading Swedish proteomics company with proprietary technology supporting human disease research.
Strong fundamentals underpinned by ageing population, driving demand for treatment.
No. of protein data points generated (aggregate)
Evolution of publications based on PEA
academic institutions
as customers.
biopharmas served by Olink
Negative and positive climate impacts are tracked across the full AUM…
Climate Impact
PORTFOLIO CARBON FOOTPRINT (SCOPES 1-3)
In total, Summa’s portfolio caused approximately 435k tons of CO2-equivalent (CO2e) greenhouse gas (GHG) emissions in 2020.
It is Summa’s ambition that our portfolio should support a transition to a low carbon economy, and we will target reductions to align with a 1.5°C scenario. We actively engage with our portfolio companies, discussing their emissions and potential mitigation avenues.
PORTFOLIO POTENTIAL POSITIVE IMPACT
Up to 701k tons CO2e were potentially avoided due to to products and services supporting energy efficiency and circular economy in 2020.
…in addition to to diversity, inclusion and equality in the organizations
Diversity
Diversity and equality are core values at Summa. We monitor portfolio wide and encourage all portfolio companies to actively manage these issues.
2020 saw progress on increasing the gender balance in portfolio company boards, reaching a 23% weighted average across the portfolio, against 14% in 2019.
Our ongoing target for gender diversity on boards is 40%.
PORTFOLIO GENDER BALANCE BY LEVEL 2020
% FEMALE
-
All employees
36% -
Management
28% -
Board of Directors
24%
-
Full AUM
36% -
Fund 1
27% -
Fund 2
42%
PORTFOLIO UNADJUSTED GENDER PAY GAP 2020
In 2020 we started tracking pay gaps in the portfolio for the first time.
The unadjusted gender pay gap shows the difference between the average hourly remuneration for all males and females in an organization, regardless of seniority and employment category.
Good governance & value preservation
Governance
Via Summa compliance was developed as a framework and tool kit for our portfolio companies to tackle key global governance issues through strong policies and risk management procedures.
It also helps us monitor and ensure that adequate compliance mechanisms with regard to the 10 principles of the UN Global Compact
Natural carbon sequestration and protection of biodiversity
Natural carbon sequestration and protection of biodiversity
Ahueni: Carbon credits to protect the Maasai Mara
Summa has recently committed to a carbon credit development program in the Greater Maasai Mara Ecosystem, in collaboration with local landowners and other investors. The project is targeting protection of natural forests, restoration of deforested areas and sustainable management of grasslands.
Carbon credits represent an opportunity for the region to develop another source of income to ease dependence on tourism as well as an opportunity to fund the restoration of degraded land.
SFDR and Principal Adverse Impacts
PAIs
We have expanded our data gathering significantly to consider future reporting requirements arising due to SFDR. In response to this regulation we are starting to report portfolio ESG metrics by Fund, weighted by the Funds’ share of the EV of each investment
Carbon Intensity of Investee companies
(% share)
