Press Releases
Press Release
May 22, 2012 | Location: New York | Download as PDF
KKR's Green Portfolio Program Continues Global Expansion
The announcement marks the fourth anniversary of the program, which began as a partnership between KKR and Environmental Defense Fund (“EDF”). To commemorate the 4th year of the program, KKR released a video with KKR co-founder Henry Kravis and EDF president Fred Krupp on the Green Portfolio Program web site. With today’s announcement, the Green Portfolio Program now includes 23 (out of more than 70) of KKR’s private equity portfolio companies.
Companies joining the program today include Del Monte Foods and Capsugel in the U.S.; TDC A/S in Denmark; Versatel and KION Group in Germany; and Bharti Infratel and Dalmia Bharat Cement in India. More information on these companies is available at green.kkr.com.
“In addition to helping our portfolio company partners build better companies and create sustainable value, the Green Portfolio Program is consistent with our long-held commitment to being a responsible private equity investor,” said Ken Mehlman, KKR’s Global Head of Public Affairs. “This is a great example of what we can accomplish by building on our core strengths as a long-term investment partner, and we are delighted to celebrate the fourth anniversary of our Green Portfolio Program by welcoming these new participants to the program,” Mehlman added.
According to comprehensive third-year financial and environmental results released in December 2011, companies involved in the Green Portfolio Program reported $365 million in cumulative cost savings and additional revenue from their environmental efforts since 2008. Not including the companies who recently joined or are not yet reporting, participating companies have prevented 810,000 metric tons of greenhouse gas emissions and avoided the production of 2.2 million tons of waste and the use of 300 million liters of water since the start of the program.
“KKR has been a pioneer in integrating business and environmental metrics to create financial and social value,” said EDF Vice President Gwen Ruta. “The Green Portfolio Program has helped to catalyze a new trend in private equity to focus on environmental innovation and growth.”
Launched in 2008 with three companies, the Green Portfolio Program now includes companies from nine countries and a wide variety of different industry groups, including health care, consumer products, industrial, manufacturing, infrastructure, agriculture and retail. The program is managed globally through regional KKR Capstone leadership teams in Europe, Asia, and the United States.
In addition to the companies joining the program today, other participants now reporting environmental and financial performance include: Accellent Inc.; A.T.U.; Biomet Inc.; Bis Industries; Dollar General Corporation; First Data Corporation; HCA Inc.; Visant Corporation; Oriental Brewery; Pets at Home; Sealy Corporation; SunGard Data Systems, Inc.; Tarkett S.A.; US Foods; van Gansewinkel; and WILD Flavors.
Additional details on the Green Portfolio Program and specific company initiatives can be found at the Green Portfolio web site.
About KKR
Founded in 1976 and led by Henry Kravis and George Roberts, KKR is a leading global investment firm with $62.3 billion in assets under management as of March 31, 2012. With 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 platform. KKR is publicly traded on the New York Stock Exchange (NYSE: KKR). For additional information, please visit KKR's website.
Photos/Multimedia Gallery Available:
http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50285950&lang=en
Contacts
KKR
Americas
Kristi Huller, 212-750-8300
media@kkr.com
or
EMEA
Ludo Bammens, + 44 20 7839 9800
kkrpr-uk@kkr.com
or
Asia-Pacific
Steve Okun, + 852 3602-7300
media@kkr.com
or
EDF
Jasper Jung, 202-572-3395
jjung@edf.org
Twitter: EDFbiz
http://business.edf.org
Responsible Investment
For more information on KKR’s responsible investment efforts, go to www.kkr2011esg.com.
Program Updates
16 portfolio companies achieved more than $644 million in financial impact
In 2011, 16 portfolio companies achieved more than $644 million in financial impact and avoid more than one million GHG emissions and 13.2 million cubic meters of water use.[More]8 portfolio companies joined the GPP
In 2012, 8 portfolio companies joined the GPP, bringing total participation to 24.[More]KKR published its second annual ESG and Citizenship Report
KKR published its second annual ESG and Citizenship Report. http://www.kkr2011esg.com/[More]KKR Green Portfolio Program Announces New Participants
Seven new companies have partnered with the Green Portfolio Program, bringing total enrollment to 23.[More]Privacy Policy | Legal Notices and Terms of Use | Contact Us | © 2012 KKR: Kohlberg Kravis Roberts & Co. All rights reserved.