Results

Biomet

Estimated cumulative results (2008-2011)

  • $2.5M in avoided energy costs
  • 7,200 metric tons of GHG emissions avoided

Biomet designs and manufactures orthopedic medical devices and other products used primarily by surgeons and medical specialists, with distribution in over 70 countries and a product portfolio that encompasses orthopedic joint replacement products, dental reconstructive implants, fixation devices, spinal products and other applications.


Key Environmental Performance Area:

Greenhouse Gas Emissions (Facilities)

In 2009, as part of the Green Portfolio Program, Biomet began actively measuring and managing energy consumption in its manufacturing facilities and established a 2007 performance baseline. In absolute terms, GHG emissions from manufacturing facilities have increased approximately 24% since 2007, while efficiency has stayed flat at 1% improvement (GHGs/$1000 revenue) over the same time period. A portion of the increase in GHG emissions is due to recent expansion of facilities, particularly in regions with relatively high-carbon energy mixes, as energy usage increased 3% over the same time period. Following the expansion, Biomet launched specific efforts to assess and reduce energy use in these areas. Over the total time period, efforts to improve energy efficiency have helped Biomet to avoid approximately $2.5 million in costs and 7,200 metric tons of GHG emissions since 2007.

Results

Biomet: Manufacturing Plants Efficiency (2007 Baseline)

Notes:
  1. See methodology section for description of avoided and efficiency calculations.
  2. The total % change is aggregate change between the baseline year and the most recent year of data. All other % changes expressed as year-over-year.
Estimated results 2008 2009 2010 2011 Total
Avoided GHGs (metric tons)
4,300 2,400 184 390 7,200
Avoided costs $930,000 $704,000 $517,000 $393,000 $2,500,000
Change in productivity - GHGs/revenue (%) -9% 5% 5% 0% -1%
Change in absolute GHGs (%) 3% 7% 11% 2% 24%

Actions

In 2011, Biomet implemented the following practices:

  • Completed an HVAC control installation in Warsaw, Indiana
  • Finished lighting changes at its world headquarters and largest manufacturing facility in Warsaw, Indiana, and worked with its other facilities to implement best practices learned from its Warsaw operations
  • Completed the Purdue Energy/Sustainability Study in Warsaw, Indiana
  • Implemented environmental temperature control in Palm Beach Gardens, Florida
  • Assigned a leader of the sustainability programs for Biomet

Future Plans

In 2012 and 2013, Biomet is increasing its focus on energy efficiency at its facilities and is evaluating or actively implementing additional improvements, including:

  • Completing a site survey of all Biomet facilities
  • Initiating a monthly conference call between all facilities to share best practices and achieve sustainability improvements and savings
  • Implementing a system of energy audits at all sites, starting in China
  • Implementing programs to achieve savings identified through a study of the Warsaw facility, conducted by Purdue University, with the goal of implementing similar programs at all Biomet sites
  • Expanding training of facility managers
  • Publishing the company’s first Corporate Sustainability Report

Biomet enrolled in the Green Portfolio Program in 2009 and is reporting results for the third time.

Note: Reported numbers are rounded and may not produce the same results when used to analyze percent changes or total impact.

Responsible Investment

For more information on KKR’s responsible investment efforts, go to www.kkr2011esg.com.

Program Updates

Dec 17, 2012

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]
Dec 17, 2012

8 portfolio companies joined the GPP

In 2012, 8 portfolio companies joined the GPP, bringing total participation to 24.[More]
Jun 21, 2012

KKR published its second annual ESG and Citizenship Report

KKR published its second annual ESG and Citizenship Report. http://www.kkr2011esg.com/[More]
May 22, 2012

KKR Green Portfolio Program Announces New Participants

Seven new companies have partnered with the Green Portfolio Program, bringing total enrollment to 23.[More]