Company Sees Responsible Investment as Increasingly Essential to
Good Business and Strong Performance
NEW YORK--(BUSINESS WIRE)--
KKR released its fifth
ESG and Citizenship Report today, detailing how KKR can help address
societal concerns and further illustrating the Firm's commitment to
responsible investing. The new ESG report delves into the challenges and
opportunities it sees around the world where private capital can be part
of the solution. The report's theme "Global Challenges. Global
Solutions." offers perspective on the issues and opportunities affecting
companies and explains how the Firm is engaging.
"Today, both businesses and society as a whole are facing unprecedented
challenges on a global scale," said George
Roberts, Co-Chairman and Co-CEO of KKR. "It is our belief that
private investors have an important role to play in helping to address
The following 2014 highlights are included in the report:
"Expert Insights" from KKR leaders discussing key trends and KKR's
role in an increasingly interconnected and complex world. Topics
include addressing investor expectations, improving food security and
safety in Asia, advancing eco-innovation, and engaging employees.
Progress on the integration of the consideration of ESG issues and
opportunities in the investment process not only of private equity
investments, but also other asset classes such as energy,
infrastructure, real estate, and special situations. Case studies
provide tangible examples of KKR's growing responsible investment
footprint beyond private equity.
Overview of the Firm's increasing focus on investing in solutions,
which it distinguishes as conventional investments in companies that
have an intentional focus on solving societal challenges as core to
the business. Included in the report are solutions-related investment
highlights, including 17 that are providing environmental solutions
around the globe.
Results of a milestone year for the Green Portfolio Program, with
program participants delivering nearly $1.2 billion in financial
impact from eco-efficiency efforts since the start of the program in
2008. Announcement of plans to refresh and rebrand this program in
2015 to engage portfolio companies across the areas of eco-innovation
and eco-solutions in addition to the original focus area of
Development of the KKR Veterans Advisory Council (VAC) under the
leadership of General (Ret.) David Petraeus to support the Firm's
veteran hiring efforts. As of the end of 2014, nearly 28,000 veterans
had been hired by 29 portfolio companies through our Vets@Work
program, an initiative aimed at recruiting, hiring, and retaining
veterans across our U.S.-based private equity portfolio companies.
Creation of additional resources for KKR portfolio companies,
including through KKR's first North American Sustainability Summit,
which brought together leaders from KKR portfolio companies, members
of KKR , and professionals from partner organizations, such as NGOs,
advisors, and consultants, including, KKR Capstone.
The report also focuses on the Firm's citizenship and corporate
engagement efforts, highlighting the following key programs and
Expansion of commitment to provide technical assistance to social
enterprises such as Glovax Biotech Corporation and East Bali Cashews.
KKR employees provide their expertise to help the social enterprises
expand their businesses.
Dedication of time and resources by more than 500 KKR employees to
various nonprofit organizations globally through days of service,
nonprofit board service, and mentoring programs in 2014.
Donation of more than $500,000 to nonprofit organizations through the
KKR Employee Matching Gift Program since 2013.
Growth of internal programs such as the establishment of the Inclusion
& Diversity Council, which consists of seven senior Firm leaders, and
the Inclusion & Diversity Advisory Group, which is made up of 16
executives globally; a new range of wellness benefits and programming;
and a continued focus on internal environmental efforts.
"At KKR, we believe that a deep understanding of global challenges can
make us better investors and enhance returns for our investment
partners," said Henry
Kravis, Co-Chairman and Co-CEO of KKR. "This is an evolutionary
process and a lot has changed since we began this journey in 2008. We
increasingly believe that we can help be part of the solution to
critical challenges by how we invest in companies and engage with
To download the 2014 ESG and Citizenship Report or obtain more
information about KKR's ESG progress, click here.
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.
ABOUT KKR CAPSTONE
Capstone is an operational team of highly experienced industry
executives and functional specialists. The team works exclusively for
KKR and on KKR investments on the ground in partnership with management
teams to create sustainable improvements. KKR Capstone also leads the
implementation of sustainability initiatives that help portfolio
companies manage their environmental impact while also improving their
References to "KKR Capstone" or "Capstone" include their local
affiliates, which are owned and controlled by their senior management.
KKR Capstone is not a subsidiary or affiliate of KKR. KKR Capstone
operates under several consulting agreements with KKR and uses the "KKR"
name under license from KKR. References to operating executives,
operating experts, or operating consultants are to employees of KKR
Capstone and not to employees of KKR.
To read KKR's 2014 ESG and Citizenship Report visit www.kkresg.com.
For more on KKR's Green Portfolio Program visit green.kkr.com.
To watch KKR's video on creating sustainable value visit www.kkr.com/creating-sustainable-value.
To read KKR's Private Equity ESG Policy visit www.kkr.com/_files/pdf/kkr-esg-policy.pdf.
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Ali Hartman, 212-519-1638
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