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Sustainability at Karnell

Sustainable Investments and Common Values

For Karnell, a long-term and responsible strategy is an important part of the investment process and should be an integral part of the business plan in the portfolio companies. Sustainable development means that we take responsibility for the impact the business has on people and the environment. That is, both to identify risks and value-generating opportunities from an economic, environmental and social perspective.

At the overall level, Karnell only invests in companies that conduct a sustainable business or have the potential to develop a sustainable business. As a long-term investor, it is important to contribute to a healthy society and environment, with responsible and sustainable investments, Karnell has therefore chosen not to invest in operations with a significant part in arms manufacturing; games and dobbling; tobacco, alcohol and other drugs.


We strive to maintain a transparent business climate

Karnell strives to maintain a transparent business environment and we therefore see a need for our stakeholders to be able to communicate with us via a whistleblowing function if it is discovered that we and/or the portfolio companies are acting improperly in violation of laws, rules and guidelines set. Reporting irregularities allows Karnell to correct wrongdoing and prevent it from happening again. The reporting is anonymous and is done through an external party.

To report any improper conduct, please use:

Karnell’s Three Focus Areas on Sustainability

Karnell has three focus areas in terms of sustainability: Environment, Social Aspects and Corporate Governance


Karnell strives to reduce climate and environmental impact by taking measures to reduce greenhouse gas emissions, minimize energy consumption and maximize the use of recyclable inputs. We also want to phase out the use of fossil fuels and other products that have a negative environmental impact.

Social Aspects

Karnell strives for a good and safe working environment, with decent working conditions, in order to retain and develop the employees as well as attract new employees. Furthermore, Karnell promotes diversity and has zero tolerance for any form of discrimination. 

Corporate Governance

Karnell advocates high business ethics and proactive work to prevent corruption. There shall be targeted sustainability plans that are integrated into the portfolio companies’ governance models, as well as effective control mechanisms such as a whistleblowing function at the Group level.

In 2022, Karnell will establish a follow-up system for the companies’ sustainability work to ensure that the companies reach the decided goals, which will finally be published in an annual sustainability report. Through this process, Karnell and the portfolio companies can gain an understanding of what measures can be taken to further reduce our climate and environmental impact, improve our transparency and corporate governance, as well as create a good and attractive working environment.

During the year, subsidiaries will implement a code of conduct for themselves and their suppliers, as well as a sustainability policy that is in line with Karnell’s policy documents. Karnell has also employed an audit firm to conduct a risk analysis on the subsidiaries and recommended measures to minimize identified risks.

Karnell’s CEO has the ultimate responsibility for the group-wide strategy and operations. The Board of Directors of the subsidiaries are responsible for ensuring that the sustainability policy and code of conduct are implemented in the companies. The companies’ sustainability work shall be presented annually in a sustainability report published on the companies’ websites.