KKR Re-launches Flagship Environmental Program to Focus on Eco-Efficiency, Eco-Innovation and Eco-Solutions
22 Portfolio Companies across Four Asset Classes Report Impact as part of KKR's Green Solutions Platform (GSP)
The launch of the GSP follows nearly eight years of meaningful environmental and financial impact from the GPP. During that time period, 27 companies participated with 25 of those companies reporting the following cumulative results thanks to companies' eco-efficiency efforts: nearly $1.2 billion in avoided costs and added revenue, more than 2.3 million metric tons of avoided greenhouse gas (GHG) emissions, 27 million cubic meters of avoided water use, and 6.3 million tons of avoided waste.
Evolving beyond this focus on eco-efficiency, the GSP will mobilize a broader spectrum of possible environmental and business impacts. The re-launched program will continue to drive efforts in eco-efficiency, but will also promote and champion participating companies' environmental innovations and solutions offerings to environmental challenges as part of their business mandate.
"We recognized that our companies have environmental opportunities that go beyond eco-efficiency," said
As part of today's GSP announcement, KKR released results for 22 participating companies across four asset classes, including private equity, special situations, real estate and infrastructure. The majority of the reporting companies focus on eco-efficiency, with 19 case studies spanning a range of geographies and material issues. One company reported on eco-innovation and three companies reported on eco-solutions.
"This year's announcement includes KKR's largest number of participating companies at any one time in the history of our environmental program," said
Private equity portfolio companies reporting results include
KKR will continuously engage with key stakeholders for feedback and input as this program grows over time. Longtime partner
"We're proud to see this effort that we worked with KKR to launch eight years ago continue to evolve, expanding beyond the bottom-line benefits of eco-efficiency to the potential top-line benefits from companies making environmental solutions core to their business models," said
For more on KKR's Green Solutions Platform (GSP) and participating portfolio companies, visit www.green.kkr.com.
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
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