Press Releases
Press Release
Oct 11, 2010 | Location: New York, NY | Download as PDF
KKR's Green Program expands in Europe and to Australia
Media contacts:
KKR: Peter McKillop or Kristi Huller, KKR, 212-750-8300, media@kkr.com
Environmental Defense Fund: Ian Bailey, 212-359-9587, ibailey@capitalcpartners.com
Accellent: Jeff Farina, 610-409-2252, Jeff.Farina@accellent.com
Biomet: Bill Kolter, 574-372-1535, Bill.Kolter@biomet.com
BIS Industries: Kerry Wilson, +61 2 9245 6415, Kerry.Wilson@bislimited.com
Dollar General: Tawn Miller, 615-855-5209, tamiller@dollargeneral.com
Der Grüne Punkt – Duales System Deutschland GmbH: Klaus Hillebrand, +49 2203 937 – 257, Klaus.hillebrand@gruener-punkt.de; Norbert Voell, +49 2203 937 – 507, norbert.voell@gruener-punkt.de
First Data: Chip Swearngan, 404-890-2373, Chip.Swearngan@firstdata.com
HCA: Jeff Prescott, 615-344-5708, Jeff.Prescott@HCAHealthcare.com
Oriental Brewery: Richard Choi, (82) 2 2149 5033, Richard.Choi@ob.co.kr
Pets at Home: Richard Farnsworth, +44 20 7379 5151, rfarnsworth@maitland.co.uk
PRIMEDIA: Nichole Bigley, 678-421-3494, nbigley@primedia.com
Sealy: Jamie Piper, 336-861-3612, jpiper@sealy.com
SunGard: Suzanne DeFruscio, 484-582-5580, suzanne.defruscio@sungard.com
Tarkett: Thierry Micheron, +33 (0) 1 41 20 4451, thierry.micheron@tarkett.com
U.S. Foodservice: Christina Koliopoulos, 847-720-8304, Christina.Koliopoulos@usfood.com
Van Gansewinkel Groep: Frank Janssen, +31 40 751 45 22, frank.janssen@vangansewinkel.com
Visant: Paul Carousso, 914-595-8218, paul.carousso@visant.net
WILD Flavors: Antje Louis, +49 621 963600-22, a.louis@agentur-publik.de
Green Portfolio Program enrolls five additional companies
The Green Portfolio Program, launched in 2008 as a partnership between KKR and the Environmental Defense Fund (EDF), harnesses innovation to improve the financial and environmental performance of KKR’s private equity portfolio companies. In 2010, the first eight members announced that they avoided over $160 million in operating costs, 345,000 metric tons of CO2 emissions, using 8,500 tons of paper, and generating 1.2 million tons of waste.
“The companies joining today have strong records of environmental performance and social responsibility and their participation in the Green Portfolio Program is a great step toward building a global community of best practice. We look forward to being able to share the diversity and expertise of these five global companies joining the program today,” said Johannes Huth, Head of KKR Europe operations.
Launched in 2008 with three companies, the Green Portfolio Program now includes approximately 30 percent of the companies in KKR’s global private equity portfolio. In addition to the companies joining the program today, other participants now reporting their environmental performance into the program include: Accellent Inc.; Biomet Inc.; Dollar General Corporation; First Data Corporation; HCA Inc.; Lehigh Phoenix (a division of Visant Corporation); Oriental Brewery; PRIMEDIA; Sealy Corporation; SunGard Data Systems, Inc.; Tarkett S.A.; and U.S. Foodservice, Inc. The program now includes companies from seven countries and seven different industry groups, including health care, consumer products, industrial, and retail.
“Since the program began just over two years ago, we have not only made important strides in reducing greenhouse gas emissions and waste, but we’ve also realized meaningful improvements in operational efficiency. We look forward to delivering continued progress as we expand the program within Europe and other regions,” said Bill Cornog, a Member of KKR Capstone’s European Operations.
Expanding access to expertise
KKR also announced its new membership to CSR Europe (www.csreurope.org), a leading European business network for corporate social responsibility with around 75 multinational corporations and 27 national partner organizations as members. Becoming a part of the CSR Europe network provides KKR and its portfolio companies with access to thought leadership and proven practices in corporate responsibility.
Jan Noterdaeme, Senior Advisor on Strategy, EU and Stakeholder Relations for CSR Europe said, “CSR Europe is pleased to welcome KKR as the first private equity organization to join our membership. The Green Portfolio Program is a leading example of an innovative initiative to drive both environmental and business performance that is helping to transform the industry and the corporate sector more broadly.”
Earlier this year, KKR announced a similar membership with Business for Social Responsibility (www.bsr.org), a leading non-profit organization that works with its global network of more than 250 member companies to develop sustainable business strategies and solutions.
Additional details on the Green Portfolio Program and specific company initiatives can be found at http://green.kkr.com.
About KKR
Founded in 1976 and led by Henry Kravis and George Roberts, KKR is a leading global alternative asset manager with $54.4 billion in assets under management as of June 30, 2010. With over 600 people and 14 offices around the world, KKR manages assets through a variety of investment funds and accounts covering multiple asset classes. KKR seeks to create value by bringing operational expertise to its portfolio companies and through active oversight and monitoring of its investments. KKR complements its investment expertise and strengthens interactions with investors through its client relationships and capital markets platforms. KKR is publicly traded on the New York Stock Exchange (NYSE: KKR). For additional information, please visit KKR's website at www.kkr.com.
Program Summary
Program Updates
New participant in 2011
A.T.U., a leading operator of automotive stores and repair shops based in Germany, is a new participant in the program.[More]KKR releases 2010 results
13 companies achieved more than $365 million in financial impact and avoided 810,000 metric tons of GHG emissions, 2.2 million tons of waste, and 300 million liters of water.[More]Green Portfolio Program featured as a transparency and trust initiative in CSR Europe's Enterprise 2020 Marketplace
Green Portfolio Program featured as a transparency and trust initiative in CSR Europe's Enterprise 2020 Marketplace[More]Green Portfolio Program expanded to include 16 companies globally
Green Portfolio Program expanded to include 16 companies globally[More]Privacy Policy | Legal Notices and Terms of Use | Contact Us | © 2011 KKR: Kohlberg Kravis Roberts & Co. All rights reserved.