Collaboration in Practice
Partnership is a cornerstone of all we do at KKR. This is particularly true when it comes to our commitment to responsible investment and efforts such as the Green Solutions Platform (GSP). Our progress in reaching our ESG-related goals is due to our strong network of internal experts and external partners. The collaboration between our internal team, KKR Capstone,i portfolio companies, and nongovernmental organization (NGO) partners has challenged us to do more and enabled us to unlock additional value. Our NGO partner on this work has been Environmental Defense Fund (EDF). For more on its many important contributions to our efforts, see below.
GSP Team and Resources
A number of individuals across KKR and KKR Capstonei work to facilitate the GSP in different ways. This team sets the program's overall vision, works in various ways both directly and indirectly with participating portfolio companies on their programs, supports KKR and portfolio company communications, and develops tools and guidance.
Partnering with EDF
The Green Portfolio Program was launched in 2008 in partnership with the Environmental Defense Fund (EDF). One of the world’s largest environmental organizations, EDF consists of more than two million members and a staff of 675 scientists, economists, policy experts, and other professionals. The organization is guided by science and economics, with a mission is to preserve the natural systems on which all life depends.
To create the Green Portfolio Program, KKR and EDF worked together to combine the private equity model of partnering with companies over 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 could 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, were shared across the rest of KKR's private equity portfolio.
EDF continues to provide valuable guidance and insight to our environmentally focused efforts. Its feedback and thoughtfulness related to the current iteration of the GPP, known as the Green Solutions Platform, have been invaluable. For more information on EDF, visit www.edf.org.
i KKR Capstone is not an affiliate or subsidiary of KKR. Please see the Description of Methodology and Terms for additional disclosure regarding KKR Capstone.