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
| Results-to-date | 2008 | 2009 | Average | Total |
|---|---|---|---|---|
| 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
Program Summary
Program Updates
New participant in 2011
A.T.U., a leading operator of automotive stores and repair shops based in Germany, is a new participant in the program.[More]KKR releases 2010 results
13 companies achieved more than $365 million in financial impact and avoided 810,000 metric tons of GHG emissions, 2.2 million tons of waste, and 300 million liters of water.[More]Green Portfolio Program featured as a transparency and trust initiative in CSR Europe's Enterprise 2020 Marketplace
Green Portfolio Program featured as a transparency and trust initiative in CSR Europe's Enterprise 2020 Marketplace[More]Green Portfolio Program expanded to include 16 companies globally
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