KKR, EDF partnership helps portfolio companies save over $16m through energy efficiency

18 February 2009

Global asset manager Kohlberg Kravis Roberts & Co. and Environmental Defense Fund (EDF) have released initial results of their partnership.At three companies – U.S. Foodservice , PRIMEDIA and Sealy Corporation – the partnership has already saved $16.4m and prevented more than 25,000 metric tons of greenhouse gas emissions in 2008.

KKR and EDF will soon implement the initiative at four additional KKR portfolio companies: Accellent, Biomet, Dollar General and HCA, according to a statement.
‘These initial results provide a high note in this low economy,’ said Gwen Ruta, vice president of corporate partnerships, EDF. ‘By generating cost savings through environmental innovation, these companies are improving their competitive position in today’s volatile marketplace.’

‘One of KKR’s core strengths is driving operational improvements that build business value,’ dded Dean Nelson, head of KKR Capstone. “‘By focusing on improving environmental performance across KKR’s portfolio and providing a framework to help companies take environmental initiatives to scale, we’re finding new ways to help the portfolio companies save money while simultaneously improving the environment.’

KKR and EDF have been working together since May 2008 to develop and test a set of analytic tools and metrics to help companies improve in several key environmental performance areas, including greenhouse gas emissions, waste, water, forest resources and priority chemicals.

Copyright © 2009 newnet

Tags: emissions, energy efficiency, private equity

This story was published on Wednesday, February 18th, 2009 at 6:22 pm and is filed under North America, companies, energy efficiency. You can follow any responses to article entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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