Results

PRIMEDIA, Inc.

Estimated results 2008-2009

  • $7.5Min avoided costs
  • 8,500tons of paper avoided
  • 44%material efficiency improvement

In 2011, KKR exited its investment in PRIMEDIA and PRIMEDIA is no longer reporting into the Green Portfolio Program. We appreciate PRIMEDIA’s contribution to the program as a pilot project company. During its participation in the program between 2008 and 2009, PRIMEDIA achieved the results described below.

PRIMEDIA, Inc. is a leading provider of online, print, and mobile platforms that provide consumers with tools and information they need to find a place to live. PRIMEDIA was one of the first KKR portfolio companies to enroll in the Green Portfolio Program in 2008, helping to design and pilot the framework, and is focused on measuring and reducing its paper use.

Key Environmental Performance Area:

Forest Resources

PRIMEDIA is actively measuring and managing its use of paper in its publications. In absolute terms, paper use decreased 54%, compared to a 2007 baseline, while efficiency improved by 44% (ton of paper/$ revenue) over the same time period. These reductions in paper use have helped PRIMEDIA to identify cost savings of $7.5 million and avoid 8,500 tons of paper use – the equivalent of saving more than 80,000 trees – since 2007.

Results

PRIMEDIA: Paper Use Reduction

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 are expressed as year-over-year.
Results-to-date20082009AverageTotal
Change in absolute paper use -25.0% -39.0% -32.0% -54.3%
Estimated avoided paper use (tons) 3,200 5,300 4,200 8,500
Avoided/Actual paper use 29% 79% 48% 48%
Estimated avoided costs $2,931,000 $4,561,000 $3,746,000 $7,491,000
Change in intensity (tons/$1000 revenue) -22.4% -28.1% -25.2% -44.2%

Actions

In 2008 and 2009, PRIMEDIA achieved these results by implementing the following practices:

  • Encouraged users to utilize free online content
  • Redesigned publications, such as resizing
  • Evaluated paper type to utilize larger amounts of post-consumer content where possible

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]