Flat Capital AB (publ)
Climate Impact & Sustainability Data (2021-01 to 2021-09, 2022)
Reporting Period: 2021-01 to 2021-09
Environmental Metrics
ESG Focus Areas
- Sustainability (Environment, Social, and Governance)
Governance Achievements
- New board of directors appointed in July and September.
Climate Goals & Targets
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Climate Goals & Targets
Environmental Challenges
- Market-related adjustments of several portfolio companies due to global economic uncertainty and changed investment climate.
- Total market adjustment during 2022 resulted in a devaluation of approximately -68 MSEK, corresponding to approximately -21% of Flat's unlisted portfolio. This does not include company-specific value changes, and including Klarna's devaluation of approximately -80 MSEK in connection with their capital round announced in July 2022, this means a total downward adjustment of approximately -148 MSEK, corresponding to approximately 37% of Flat's unlisted portfolio.
Mitigation Strategies
- Market-related adjustments of several portfolio companies to reflect uncertainty.