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From GPP to GSP: The Evolution of the Program

GPP Program History

KKR’s Green Portfolio Program (GPP) was launched in 2008 in partnership with Environmental Defense Fund. In 2015, after almost eight years of progress, we believed the program was at an inflection point. With nearly $1.2 billion in financial impact and more than 2.3 million metric tons of GHG emissions avoidedi, the program reached a major milestone. Simultaneously, it became clear that additional ways to partner with portfolio companies to create value required a more flexible and inclusive approach.

In 2015, the Firm decided to launch the Green Portfolio Program as the “Green Solutions Platform,” a global program centered around three focus areas: eco-efficiency, eco-innovation, and eco-solutions. We believe this shift enables KKR to engage with and highlight more companies that are making meaningful change.


2013 GPP Results

In 2014, we reported our final results announcement for the Green Portfolio Program.

The results issued in October 2014 marked the sixth time that the program announced progress from its participating private equity portfolio companies.

From 2008 to 2014, 27 portfolio companies took part in the Green Portfolio Program. Collectively, through their efforts in key environmental performance areas over the course of the program, 25 of these companies have achieved an estimated $1.2 billion in financial impact and avoided approximately 2.3 million metric tons of GHG emissions, 6.3 million tons of waste, and 27 million cubic meters of water use.

Company Estimated Environmental Impact Estimated Financial Impact
Accellent3 11,200 metric tons of GHG emissions avoided $590,000
A.T.U.1 9,390 metric tons of GHG emissions avoided 290,000 tons of waste recycled $57.7 million
Bharti Infratel1 N/A N/a
Biomet 4,000 tons of GHG emissions avoided $3.1 million
Bis Industries Limited 934 metric tons of GHG emissions avoided $345,000
Capsugel 9,500 metric tons of GHG emissions avoided 300 tons of waste avoided 7,300 tons of waste recycled $1.9 million
Dalmia Bharat Cement 281,700 metric tons of GHG emissions avoided 6,300 tons of waste recycled $31.8 million
Del Monte Corporation4 32,700 metric tons of GHG emissions avoided 374,000 tons of waste recycled $16.4 million
Dollar General 1.4 million metric tons of GHG emissions avoided 838,000 tons of waste recycled 6.0 million tons of waste avoided $773 million
First Data 124,300 metric tons of GHG emissions avoided $11.4 million
HCA 10,900 metric tons of GHG emissions avoided $1.1 million
KION Group (STILL) 650 metric tons of GHG emissions avoided $245,500
Oriental Brewery 120,000 metric tons of GHG emissions avoided 26.4 million cubic meters of water avoided $31.8 million
Panasonic Healthcare 840 metric tons of GHG emissions avoided $296,000
Pets at Home 22,600 metric tons of GHG emissions avoided 34,200 tons of waste recycled 12,500 tons of waste avoided $14.4 million
Sealy Corporation1 24,600 metric tons of GHG emissions avoided 2,400 tons of waste avoided $21.5 million
Sungard AS N/A N/A
Tarkett 7 metric tons of GHG emissions avoided 14,000 tons of landfill waste avoided 597,000 cubic meters of water consumption avoided 44,800 tons of recycled waste $20.6 million
TDC A/S1 22,000 metric tons of GHG emissions avoided 212 tons of waste avoided $3.9 million
US Foods 289,000 metric tons of GHG emissions avoided $65.6 million
Van Gansewinkel Groep 410 metric tons of GHG emissions avoided 886,000 metric tons of GHG emissions avoided2 $116.6 million
Versatel 21 metric tons of GHG emissions avoided $8,800
Visant 17,000 tons of waste recycled $2.4 million
WILD Flavors 19,500 metric tons of GHG emissions avoided 8,273 tons of solid waste avoided 106 tons of hazardous waste avoided 2 cubic meters of water avoided $5.3 million

Notes:

  1. A.T.U., PRIMEDIA, Inc., Sealy, and TDC A/S have exited the KKR portfolio and thus are no longer reporting results into the Green Portfolio Program. Bharti Infratel’s results are not included as part of the aggregate program results (see footnote on Bharti Infratel page).
  2. Results from declines in efficiency are not included in portfolio company summaries (see methodology document), but are included in the aggregate data. Therefore, estimated environmental and financial benefits in the summary table may sum to more than the reported "total" results, which takes into account the impacts from decreases in efficiency. In order to aggregate the results across participating portfolio companies, at some companies metric tons of waste was converted to short tons of waste and units of measurement for water use were converted to cubic meters.
  3. Now operating as Lake Regional Medical.
  4. Now operating as Big Heart Pet Brands.

i Cumulative results from participating companies 2008-2013.