About us Our people Our businesses News and insights Contact us Our purpose and approach HOME ABOUT US OUR PURPOSE AND APPROACH Founded in 2013, LetterOne (L1) is a partnership of successful entrepreneurs, CEOs and international businesspeople passionate about building better businesses. We invest in sectors fundamental to society’s sustainable prosperity: energy, technology, health and retail. We are not answerable to the demands, and short-termism, of external capital. Our purpose: LetterOne's purpose is to use an entrepreneurial mindset, long-term vision and active investment to drive sustainable value in sectors vital to future prosperity. MIKHAIL FRIDMAN The founders and shareholders of L1 have worked together for decades. Their passion for building businesses from the bottom up has taken them from window cleaning to biotech. L1 has built on this heritage and added to it, involving the expertise and experience of an unparalleled team that includes Lord Davies of Abersoch (former chairman and CEO of Standard Chartered), Jonathan Muir (former CFO of TNK-BP), Wulf von Schimmelmann (former chairman and CEO of Deutsche Post), Franz Humer (former chairman and CEO of Roche Holding), Denis O’Brien (founder of Digicel) and Rolf Classon (former CEO and president of Bayer Healthcare). L1 has clear investment priorities that set it apart from others Investing for future growth Accordion Icon - Plus/Minus Investing for future prosperity Accordion Icon - Plus/Minus Investing for a sustainable future Accordion Icon - Plus/Minus An approach ready for new challenges Across the world, nations and communities are emerging from the pandemic with plans for growth. In major economies, these plans share important characteristics. There is a strengthened debate about the purpose and role of business, and how the state and enterprise can align to create shared prosperity. Companies are expected to do more than just maximise profits and will be held accountable by a broad range of stakeholders when they fail to live up to expectations. To succeed over the long term, and to be sustainable in the broadest sense, firms must deliver shared social and environmental benefit as well as financial returns. Companies must ensure that a responsible approach to the environment, society and good governance is built into the core of their business. There is also more focus on investment for future growth. A greater recognition of the need to build in resilience for the future, focusing on the sectors that will deliver long-term social and economic value. FEATURED STORY Read Now Is being a longterm investor an advantage in this investment climate? Q&A 27 JULY 2021 2 MINS Link These challenges come at a time when the investment climate is uncertain, when technology is changing rapidly and when businesses are under huge public scrutiny. Many companies and individuals rely on unprecedented levels of government and central bank support. High government deficits and historically low interest rates have undermined the traditional tools of economic policy. The link between valuations and underlying economic reality can appear broken. This requires new thinking about the nature and measurement of wealth beyond GDP. This should focus attention on long-term investment; on diversifying the energy mix and accelerating a sustainable path to net zero; on diversity and inclusion; and on commitments to tackle . Long-term thinking, entrepreneurial spirit and innovation must win out against short-termism. LetterOne is built for this challenge. Our businesses Learn more about the areas we invest in and understand the value we bring to active investment. Our businesses Our people Meet the entrepreneurs, business people and investing experts that are part of the Letter One team. Our people News and insights Read the latest news, insights and thought leadership from LetterOne. News and insights © Letterone Holdings S.A. 2021 © Letterone Investment Holdings S.A. 2021 +352 26 38 77 1 Email us 1 - 3 Boulevard de la Foire, L-1528 Luxembourg SITE TOOLS Terms and conditions Privacy and cookie policy Accessibility Site map Cookie settings ® LetterOne is a registered trademark of Letterone Holdings S.A. Your choice regarding cookies on this site We use cookies to optimise site functionality and give you the best possible experience. I AcceptI Do Not AcceptCookie settings