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KKR's Green Portfolio Program avoided 810,000 metric tons of greenhouse gas emissions

Friday, 23 December 2011

Through improved energy efficiency, waste handling, process improvements and other initiatives, private equity portfolio companies joining KKR's Green Portfolio Program cumulatively have avoided approximately 365 million US-Dollar in operating costs, over 810,000 metric tons of greenhouse gas emissions, 2.2 million tons of waste, and saved 300 million liters of water since 2008.

“We launched the Green PortfolioDie Zusammensetzung der Wertpapiere eines Fonds. Program with Environmental Defense Fund because we believed environmental innovation would pay off for our portfolio companies and we are pleased to see the program making such progress,” said George Roberts, Co-Founder and Co-Chief Executive Officer of KKR. "The expanding global reach of the program speaks volumes about the common understanding that good business and improving the environment are often inextricably linked."

Green Portfolio Program - KKRReporting for the first time are: A.T.U., First Data, Oriental Brewery, Pets at Home, Tarkett and WILD Flavors. The U.S.-based companies already participating in the program are: Accellent, Biomet, Dollar General, HCA, Sealy, SunGard, and US Foods. Due to the fact that Primedia is no longer a KKR portfolio company, it is not reporting into the program.

“At its core, the Green Portfolio Program has always been about partnership, collaboration and creating sustainable value,” said Ken Mehlman, Head of Global Public Affairs and a Member of KKR. “While there is always more to do, these results reflect continued momentum that is driving a positive impact on the environment and across our private equity portfolio.”

Launched in May 2008 as a partnership between KKR and Environmental Defense Fund, the KKR Green Portfolio Program focuses on operational improvements that save money and enhance environmental performance, including greenhouse gas emissions, waste generation, and use of water, forest resources and priority chemicals. These tools help managers cost-effectively improve efficiency and reduce waste, which leads to cost savings.

“Today’s institutional investors want their dollars to create both financial returns and environmental and social value,” said Gwen Ruta, Vice President of Environmental Defense Fund. “KKR’s Green Portfolio program is a great model for investors who want to see rigorous and transparent environmental results." Details on the Green Portfolio Program results, including what the portfolio companies have done to achieve them, can be found at www.green.kkr.com.

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