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X-ELIO’s solar photovoltaic plant in South Carolina, U.S. The company is a global leader in the development, construction, financing, and operation of renewable and sustainable energy projects in Europe, the United States, Latin America, Japan, and Australia.

Sample ESG and Reputational Issues

We take a materiality-driven1 approach and recognize that no two companies are the same. Thus, we take a company-specific approach to facilitating our understanding of the relevant risks and opportunities for long-term value creation.

We seek to align our understanding of relevant topics with the Sustainability Accounting Standards Board (SASB) Standards2 and incorporate these industry-specific standards as a primary input when identifying ESG issues that might be relevant to an investment. Sample ESG and reputational issues include:


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


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


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

Additional Business Risks

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

1 In this context, we are not using such terms “material” or “materiality” as they are used under the securities or other laws of the U.S. or any other jurisdiction, or as they are used in the context of financial statements and financial reporting. Materiality, for the purposes of this document should not, therefore, be read as equating to any use of the word in other KKR reporting or filings.

2 Sustainability Accounting Standards Board standards are available at