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KKR ESG & Citizenship Report


Sample ESG and Reputational Issues

To help us determine which issues to evaluate and monitor during the investment process, we consider what issues are material to each particular company based on its industry and area of operation. This process is guided by KKR’s Responsible Investment Policy, which defines material ESG issues as "those issues that KKR in its sole discretion determines have - or have the potential to have - a substantial impact on an organization’s ability to create, preserve, or erode economic value, as well as environmental and social value for itself and its stakeholders."

As such, our Firm considers a range of ESG issues associated with target companies as potentially material. As primary input to assessing what is material for each investment, KKR utilizes the industry-specific issue topics identified by the Sustainability Accounting Standards Board.1 Sample ESG and reputational issues include:


  • Biodiversity
  • Carbon and Greenhouse Gas Emissions
  • Land Use
  • Natural Resource Scarcity
  • Priority Chemicals
  • Water Scarcity


  • Anti-fraud and Anti-corruption
  • Board Composition and Independence
  • Ethics and Integrity
  • Regulation and Public Policy
  • Stakeholder Expectations
  • Transparency


  • Consumer Protection
  • Data Privacy and Cybersecurity
  • Employee Engagement and Labor Relations
  • Health and Safety
  • Human Rights

Additional Business Risks

  • Country Risk
  • Management Risk
  • Market Issues
  • Reputational Risk
  • Security Risk

Sustainability Accounting Standards Board standards are available at