NEW YORK--(BUSINESS WIRE)--
KKR today released its 2012
Environmental, Social, and Governance (ESG) and Citizenship report,
underscoring the firm's commitment to responsible investment in its
private equity portfolio and other asset classes. Now in its third year,
KKR's ESG report demonstrates the firm's tangible progress in managing
ESG factors throughout the investment process in order to create
sustainable value for its investment partners and private equity
portfolio companies. It also features the partnerships that make this
work possible and lays out the firm's vision for the future. The report
also highlights KKR's Citizenship efforts including employee volunteer
events and the firm's philanthropic activities to date.
Highlights from the 2012 report include:
Expanding the Green Portfolio Program, an operational
improvement program that uses an "environmental lens" to assess
critical business activities of KKR's participating private equity
portfolio companies. Since 2008, the reporting companies have achieved
more than $644 million in cost savings and added revenue, while
avoiding 1.2 million metric tons of greenhouse gas emissions, 3.4
million tons of waste, and 13.2 million cubic meters of water use.
Launching a research study with the American Heart Association (AHA)
on KKR's efforts in employee health, KKR Wellness Works. The
program is designed to promote wellness at portfolio companies by
providing employees with incentives to participate in biometric health
screenings. In 2012, the eight participating companies saw an
aggregate biometric screening rate of 72 percent, compared to 26
percent prior to their engagement in Wellness Works.
Expanding the Vets @ Work initiative, an effort aimed at
recruiting and hiring veterans across KKR's U.S.-based private equity
portfolio companies. In 2012, the nine participating companies hired
approximately 7,000 veterans.
Enhancing and expanding KKR's library of best practices, resources,
and tools. This includes creating 18 industry guides for use in
ESG diligence, launching an eco-efficiency handbook as part of the
Green Portfolio Program, and providing customized assessments for
portfolio companies to aid them in actively managing their unique
responsible sourcing needs
To download the 2012 ESG and Citizenship report or obtain more
information about KKR's ESG progress, please click here.
Founded in 1976 and led by Henry
Kravis and George
Roberts, KKR is a leading global investment firm with $78.3
billion in assets under management as of March 31, 2013. With offices
around the world, KKR manages assets through a variety of investment
funds and accounts covering multiple asset classes. KKR seeks to create
value by bringing operational expertise to its portfolio companies and
through active oversight and monitoring of its investments. KKR
complements its investment expertise and strengthens interactions with
fund investors through its client relationships and capital markets
platform. KKR & Co. L.P. is publicly traded on the New York Stock
Exchange (NYSE: KKR), and "KKR," as used in this release, includes its
subsidiaries, their managed investment funds and accounts, and/or their
affiliated investment vehicles, as appropriate. For additional
information, please visit KKR's website at www.kkr.com.
For more on KKR's Green Portfolio Program visit www.green.kkr.com.
watch KKR's video on creating sustainable value visit www.kkr.com/creating-sustainable-value.
Ali Hartman, 212-519-1638
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