KKR Releases Environmental, Social, and Governance (ESG) Report Demonstrating Responsible Investment Is a Growing Part of Value Creation
July 10, 2014Company Reaffirms Commitment With New Global ESG Policy
“Reporting on our ESG efforts each year is one way we are pushed to do
more. In looking back and taking stock of where we’ve been, we are able
to move forward more effectively,” said
The ESG policy applies to the Firm’s private equity business globally
and builds on KKR’s previous public commitments to responsible
investment. In 2009, KKR became a signatory of the UN-backed Principles
for
“Our approach to responsible investment is designed to help our
companies maximize their success and create long-term value,” said
The following 2013 highlights are included in the report:
-
Creation of the
KKR Global Institute (KGI) to strengthen our ESG-related private equity diligence and support the Firm and our investments with unique geopolitical insights. -
Continued progress from 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 19 reporting companies
have achieved more than
$917 million in cost savings and added revenue, while avoiding 1.8 million metric tons of greenhouse gas emissions, 4.7 million tons of waste, and 19.5 million cubic meters of water use. - Expansion of the Vets @ Work initiative, an effort aimed at recruiting and hiring veterans across KKR’s U.S.-based private equity portfolio companies. As of the end of 2013, more than 22,000 veterans had been hired by the 18 portfolio companies participating in the program. In 2013, the companies participating in the program doubled from 9 to 18.
- Continued to advance ESG efforts at KKR, which included additional greening initiatives in the KKR New York office, the second year of incentivized biometric health screenings for all KKR U.S. employees, and firm-wide days of service at KKR global offices.
- Volunteered expertise and provided resources to various nonprofit organizations and social enterprises around the world, expanding KKR’s citizenship efforts, which included employees’ giving their time and advice to help the social enterprise East Bali Cashews improve its operations and scale its business.
To download the 2013 ESG and Citizenship report or obtain more information about KKR’s ESG progress, click here.
About KKR
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
Additional Information
For more on KKR’s Green Portfolio Program 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 Private Equity ESG Policy visit www.kkr.com/_files/pdf/kkr-esg-policy.pdf
To read KKR’s 2013 ESG and Citizenship Report visit www.kkresg.com
KKR
ali.hartman@kkr.com
Source: KKR
Back to Press Releases
Media Contacts
Americas
Miles Radcliffe-Trenner
Telephone: +1 (212) 750-8300
Email: media@kkr.com
Investor Relations
Craig Larson
Telephone: +1 (877) 610-4910
Outside US: +1 (212) 230-9410
Facsimile: +1 (212) 750-0003
Email: Investor-Relations@kkr.com