25 Portfolio Companies Avoid More Than 2.3 Million Metric Tons of
Greenhouse Gas Emissions and 27 Million Cubic Meters of Water Use Since
NEW YORK--(BUSINESS WIRE)--
KKR, a leading global investment firm, today announced the sixth year of
results from its Green
Portfolio Program (GPP): nearly $1.2 billion in avoided costs and
added revenue, as well as more than 2.3 million metric tons of GHGs
avoided between 2008 and 2013.
"This is an important milestone for the Green Portfolio Program," said Henry
Kravis, Co-Chairman and Co-CEO, KKR. " Seeing such a significant
financial impact as an outcome of improving environmental factors is a
win for KKR, our companies, our investors, and the communities where we
all work and live."
The GPP is an operational improvement program that assesses critical
business activities of KKR's participating private equity portfolio
companies through an environmental lens. Launched in partnership with
Environmental Defense Fund (EDF) in 2008, the GPP's financial impact is
a direct result of operational improvements and efficiency efforts
focused on energy, waste, and water management. To date, 25 portfolio
companies have reported into the program's aggregate numbers. In
addition to achieving nearly $1.2 billion in financial impact, since
2008 the reporting GPP
Avoided more than 2.3 million metric tons of GHGs, to put this into
context it is the same as being able to power 217,000 homes and drive
156,500 cars for a year
Avoided 27 million cubic meters of water use, enough water to fill
nearly 11,000 Olympic-sized swimming pools
Avoided 6.3 million tons of waste, while also recycling more than 1.6
million tons of waste, enough to fill approximately 450,000 garbage
"When we launched this program with KKR, we were optimistic about where
it could go," said Tom Murray, Vice President of Corporate Partnerships
for EDF. "Now, cutting waste, saving energy and curbing carbon emissions
has led the way to more than $1 billion in avoided costs and additional
revenue for KKR's portfolio companies and has raised expectations for
responsible investing across the industry."
Since its inception, portfolio companies across North America, Europe,
and Asia have participated in the GPP. Companies reporting 2013 results
include Accellent (now doing business as Lake Region Medical), Biomet,
BIS Industries Limited, Capsugel, Dalmia Bharat Cement, Del Monte Foods
(now doing business as Big Heart Pet Brands), Dollar General, First
Data, HCA, Kion Group, Oriental Brewery, Panasonic Healthcare, Pets at
Home, SunGard, Tarkett, US Foods, Van Gansewinkel Groep, Versatel,
Visant, and Wild Flavors.
"This is a chance for us to look back and appreciate all that we have
accomplished," said Ken Mehlman, KKR Member and Head of Public Affairs.
"But, more importantly, it is an opportunity for us to think about the
future. We are using this milestone to discuss what's next for the Green
Portfolio Program and how we can take our learnings and ensure that our
impacts remain applicable, relevant, and real for many more years to
For more on KKR's Green Portfolio Program and the participating private
equity portfolio companies, visit www.green.kkr.com.
To watch KKR's video on creating sustainable value, visit www.kkr.com/creating-sustainable-value.
To read KKR's annual Environmental, Social, and Governance (ESG) and
Citizenship report, visit www.kkresg.com
KKR is a leading global investment firm that manages investments across
multiple asset classes including private equity, energy, infrastructure,
real estate, credit and hedge funds. KKR aims to generate attractive
investment returns by following a patient and disciplined investment
approach, employing world-class people, and driving growth and value
creation at the asset level. KKR invests its own capital alongside its
partners' capital and brings opportunities to others through its capital
markets business. References to KKR's investments may include the
activities of its sponsored funds. For additional information about KKR
& Co. L.P. (NYSE:KKR), please visit KKR's website at www.kkr.com.
Ali Hartman, 212-519-1638
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