The business of the future

Read more about targets, outcomes and activities on our path to creating a sustainable society in line with the UN SDGs and the Paris Agreement 1.5-degree goal.

What is a business of the future?

The business of the future focuses on how we at Knowit can contribute to creating a sustainable society through our work with digitalization and innovation.

We have a unique possibility to use our expertise to provide clients and society with solutions to meet the largest global challenge of our time, climate change. This also creates new and unique business opportunities for Knowit. By integrating sustainability and climate in our business strategy, values, vision, and ultimately in the value offer to clients, Knowit can contribute to a positive impact on global sustainability.

Cutting-edge security solutions

The GROW program

The proportion of net sales contributing to the UN SDGs

Target: By 2030, 80 percent of Knowit’s net sales shall contribute to at least one of the UN sustainable development goals where Knowit can make the largest difference. Among the 17 UN SDGs, Knowit has identified SDGs 3, 4, 5, 7, 9, 11, 12, 13, and 16.

Result: In 2023, the process of data collection was automated and the criteria for target fulfilment were clarified. The share of projects classified in relation to the UN SDGs continues to increase. Because of this, the outcome for 2023 is not entirely comparable to the outcomes for 2021 and 2022. The assessment is that the reported outcomes for 2022 and 2021 have been higher than the actual outcomes.

KPIs
(Independently defined indicator)

Proportion of net sales

2024: 89%
2023: 83%²⁾
2022: 76%
2021: 67%
2020: –

¹⁾ Only the largest projects in each subsidiary are included in the analysis, which for 2024 corresponded to 50% of the total net sales.
²⁾ As of 2023, a new measurement method is used, where project managers classify project contributions with the support of AI. This measurement method yields higher figures as the method used earlier often means that any indirect benefits were not included. The outcome for 2023 is corrected based on a new measurement for that year, performed in the summer of 2024.
³⁾ These are SDGs 3, 4, 5, 7, 9, 11, 12, 13, and 16.

Activities:

At Knowit, we measure the share of our net sales that positively contributes to the 17 UN sustainable development goals (SDGs), by classifying our client projects in relation to the SDGs. Our focus is on the nine SDGs where Knowit can make the largest difference. The goal is that this share shall be at least 80 percent by 2030 – a goal we reached already in 2023. The classification is based on the project manager's subjective assessment, supported by AI to analyze Knowit’s role in the projects, as there is no formal standard against which to classify the projects. AI support for help with classification was created in 2024 and used for the first time when the measurements for 2023 were retroactively repeated. Because of this, the outcomes for 2021 and 2022 are not fully comparable with the outcomes for 2023 and 2024. The assessment is that the reported outcomes for the period 2021–2022 have been too low because the project managers have not been offered sufficient support in the classification work.