A New World:

Adapting to Climate Change

Energy Use and Innovation

Across asset classes, we support our companies’ efforts to reduce energy use and associated costs. From private equity portfolio companies to infrastructure investments, there are both universal and differentiated ways that we work with companies to improve energy efficiency, through efforts such as:

  • KKR’s Green Solutions Platform
  • Customized support from our internal ESG experts
  • Partnerships with organizations in the larger KKR network

Green Solutions Platform

The Green Solutions Platform (GSP) seeks to drive business and environmental value by partnering with and highlighting the work of participating companies across a wide variety of focus areas. The GSP includes companies focusing on eco-efficiency improvements, advancing eco-innovation, and/or offering a solution to environmental problems as core to their business mandate.

The 2016 GSP results announcement comprised 28 participating companies, 10 of which are entirely new participants. As of December 2016, the program includes 18 portfolio companies focused on eco-efficiency, six focused on eco-innovation, and seven focused on eco-solutions. Of these participants, three report on both eco-efficiency and eco-innovation efforts. These 31 projects span four asset classes, including private equity, special situations, real estate, and infrastructure, and span a range of geographies and focus areas.

In collaboration with our participating companies, nongovernmental organization partners, KKR Capstone, and our investors, we expect this program to continue to evolve and grow over time. Individual company results and updates are available at green.kkr.com. You can learn about the history of the program here.

Analyzing Energy Efficiency Opportunities

In 2016, KKR Capstone’s full-time energy efficiency expert worked with eight investments in our North America real estate and private equity portfolios on projects estimated to reduce energy costs by approximately $1.98 million over time. These projects are also estimated to save more than 11 million kWh and avoid more than 5750 estimated metric tons of greenhouse gas emissions.

In 2015, KKR hosted a summer Climate Corps fellow from Environmental Defense Fund (EDF) to identify, evaluate, and implement energy and resource efficiency improvements at private equity and real estate portfolio companies. Four assessment and analysis tools were developed to aid in measuring and benchmarking portfolio companies’ energy performance and potential outcomes from efficiency and solar projects.

Sustainability Innovation Summit

To leverage the knowledge and experiences of our portfolio companies, nonprofit partners, and other leading external organizations, KKR brought together nearly 50 attendees to share sustainability best practices and bolster engagement. The two-day KKR Sustainability Innovation Summit held in late 2015 aimed to help accelerate the adoption of best practices, including those of energy efficiency, at portfolio companies.

Transform case study thumbnail

Case Study

Transphorm: Investing in Power Conversion Technology (2015) >

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Casestudy 200Px Res

Case Study

RES: Providing Ecological Solutions (2016) >

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Casestudy 200Px Calvin

Case Study

Calvin Capital: Expanding Smart Metering Across the UK (2016) >

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