In 2007, the acquisition of TXU, now called Energy Future Holdings, made history as one of the first collaborative business efforts between environmental organizations and investors. Building on this successful collaboration, KKR and Environmental Defense Fund (EDF) formed a unique partnership and we announced the Green Portfolio Program in May, 2008. As of May 2012, 23 of KKR’s private equity portfolio companies are participating in the program.
A stellar example of
The Responsibility Revolution by Jeffrey Hollender co-founder and chairman of Seventh Generation
The Green Portfolio Program marries the private equity model of building companies for the long term with EDF's environmental expertise. To do this, KKR and EDF committed to work together to develop a set of analytic tools by which companies can assess and track improvements on a series of environmental metrics. The goal was to provide the tools as a resource to enable managers to cost-effectively improve efficiency, reduce waste, and address environmental impacts, such as greenhouse gas emissions, the use of priority chemicals, waste generation, or water consumption. The resulting tools and processes, as well as a set of best practices, are shared across the rest of KKR's private equity portfolio.
The partners also committed to communicate the results of the Green Portfolio Partnership publicly so — in addition to what KKR has provided on this site — EDF shares its tools and lessons learned from the partnership on the EDF Innovation Exchange.
Key Team Members
- Henry Kravis — KKR
- George Roberts — KKR
- Kenneth B. Mehlman — KKR
- Dean B. Nelson — KKR Capstone
- Chris Hsu — KKR Capstone
- Yan Li — KKR Capstone
- Vincent E. Letteri — KKR Capstone
- Marco Pagacz — KKR Capstone
- Karthik Narayanaswamy — KKR Capstone
- Elizabeth Seeger — KKR
- Ali Hartman — KKR
- Thomas P. Murray — Environmental Defense Fund
- Audrey Davenport — Environmental Defense Fund
For more information on KKR’s responsible investment efforts, go to www.kkr2011esg.com.