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KKR ESG & Citizenship Report

Eco-Innovation: Goodpack

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Smarter Products for Better Resource Use

Key Environmental Performance Areas:

  • Resource Management (Products and Services)
  • Greenhouse Gas Emissions (Products and Services)

Currently have approximately 3.3 million reusable shipping containers in use.

More than 5,000 collection and delivery points globally.

Nearly 20,000 acres of trees saved annually.

All data and information in this case study are as of December 31, 2015, unless otherwise noted.

Challenge

An estimated 700,000 bulk shipping containers are abandoned annually in the United States alone. Though an estimated 98 percent of shipping containers are recyclable, many are not being recycled. The result is waste and increased extraction of raw materials used to manufacture these containers, particularly steel.i,ii

Goodpack operates the world’s largest fleet of steel intermediate bulk containers (IBCs), a multimodal, reusable metal box system that provides packaging, transporting, and storage. The company is headquartered in Singapore with more than 5,000 delivery and collection points across the globe.

Responseiii

Using responsible design concepts, Goodpack replaces common, single-use materials with reusable, more sustainable materials, such as durable steel. Its fleet of 3.3 million reusable IBCs is in use across 70 countries. The company also promotes efficient logistics with its patented collapsible bin design, coupled with global collection points that eliminate the need to return boxes. These practices reduce environmental impact, generate fewer carbon emissions, and save nearly 20,000 acres of trees annually that would be used by other shipping alternatives – the equivalent of 4 million trees.

Additional information about Goodpack’s approach to more sustainable logistics solutions can be found on the company’s website.

i World Shipping Council. "Recycling, Reuse and Waste Management." n.d. Web. 22 April 2016. http://www.worldshipping.org/industry-issues/environment/recycling-reuse-and-waste-management.

ii Unal, Canan. “Abandoned Cargo.” MTS Logistics. 23 September 2013. Web. 22 April 2016. http://www.morethanshipping.com/abandoned-cargo.

iii Self-reported portfolio company data is not calculated, reviewed or independently verified by KKR or KKR Capstone. For more information regarding the results methodology for companies evaluating their own data, please see the methodology section. There is no guarantee that any GSP-related avoided costs or added efficiencies will positively impact the portfolio company’s valuation or performance.

Unless otherwise noted, portfolio company data represents 2015 results, published in August 2016. These case studies may contain forward looking statements including descriptions of planned projects and projected results and savings. These statements are subject to the risk that the projects will not develop as planned or at all or that projected results and savings are not realized.