SummaEquity

Kiona

Overview

Kiona at a glance

Kiona is the leading PropTech platform in Europe, enabling stakeholders to optimize resource efficiency while reducing emissions from buildings through the monitoring, control, and optimization of energy usage. Through a flexible, open, independent, and user-friendly platform, Kiona integrates and connects all technical systems across brands and years of deployment. The company is market-leading in its core segment and has an unparalleled contractor network in Scandinavia with 200 partners in Norway and Sweden.

Key developments 2022

2022 was the year for Kiona reaping the synergies of the recent mergers, with over 290 cross deliveries of 2 products or more finalized. It has resulted in strong double-digit growth in Kiona’s EMS and SCADA products, while the self-learning AI engine Edge experienced a very strong backlog and pipeline. This lays a solid foundation for ramping up growth in 2023 across a broader install base.

Sector

PropTech, Energy transition

Location

Norway

SDG aligment

SDG 7
SDG 11
SDG 13

Revenue (EURm)

Change from '21-'22
2022
+0%
21
2021
19
2020
18

Environmental

Carbon intensity: Tons CO₂e per EUR m revenue

Infobric: 64
Financial Services: 178
Tech Hardware: 1046
Food & Beverage: 1447

Total tons CO₂ emitted

Change from '21-'22
2022
+0%
1 334
2021
1 294
2020
945

Monetized climate impact

EURm
The figure represents the monetized value the company has on the environment. See chapter 4 for methodology.

Social

Full time employees

Turnover16%
Unadjusted gender pay gap19%

Gender balance 2022

%

Board

%

Management

%

All employees

Monetized employment impact

EURm
The figure represents the monetized value the company has as a quality employer. See chapter 4 for methodology.

Governance

Via Summa Compliance

%

✔ Code of conduct
✔ Supplier code of conduct
✔ Economic Sanctions
✔ Competition Law/Antitrust
✔ Data Protection/IT Security
✔ Anti-curruption
✔ Whistleblower

Science Based Targets

Kiona started process to set Science Based Targets in Q4 2022, with a target commitment by Q4 2023.

Board Gender Diversity

Plan to improve gender diversity towards 40% has been initiated, with a target to improve current female representation in 2023.

What are the challenges Kiona addresses?

0%
of buildings in the EU are energy-inefficient
~0MtCO₂e
emission reduction from buildings required per annum to reach carbon neutrality by 2050

How does Kiona help?

Reality today

Property owners and retailers have limited visibility into the energy consumption of their buildings, while not being able to connect various existing technical systems to gain insights. The mass inefficiencies keep buildings as a contributor of 36% of all the emissions in the EU.

Kiona approach

Kiona enables stakeholders to optimize resource efficiency while reducing emissions from buildings through the monitoring, control, and optimization of energy usage. This is achieved by utilizing over 3,500 technical system integrations and 200+ partners, making Kiona suitable to connect and optimize nearly any building.

Aspirational future

Enable CO₂ savings documentation and accounting on the Kiona platform, enable partners and platform participants to utilize the network of Kiona-connected buildings to create new products and features, enable data acquisition, sharing and analysis.

What impact does Kiona create?

Tons of CO₂e averted

2022
+0%
24k
2021
23k
2020
26k

kWh saved

2022
+0%
215m
2021
206m
2020
209m

Buildings using Kiona's solutions for energy optimization

2022
+0%
58k
2021
55k

Who is impacted?

Stakeholders (including owners and tenants) who are enabled to optimize their buildings' energy usage. The planet through fewer GHG emissions from buildings.

What are the impact considerations?

Additionality

Kiona enables property owners and retailers to accelerate their energy optimization efforts in pursuit of carbon neutrality. Kiona is uniquely positioned to do so, having created >3,500 integrations that allow buildings to get connected.

Risks

Visibility into energy usage does not guarantee that stakeholders will act accordingly to optimize operations, and Kiona has limited power to influence stakeholder behavior.