KKR Re-launches Flagship Environmental Program to Focus on Eco-Efficiency, Eco-Innovation and Eco-Solutions

22 Portfolio Companies across Four Asset Classes Report Impact as
part of KKR’s Green Solutions Platform (GSP)

NEW YORK–(BUSINESS WIRE)–KKR & Co. L.P., a leading global investment firm, today announced that
it has re-launched its pioneering environmental initiative under a new
name, and with an expanded mission. KKR’s eight-year-old Green Portfolio
Program (GPP), which focused on promoting eco-efficiency best practices
across participating portfolio companies, will be expanded to an
initiative called the Green
Solutions Platform (GSP)

The launch of the GSP follows nearly eight years of meaningful
environmental and financial impact from the GPP. During that time
period, 27 companies participated with 25 of those companies reporting
the following cumulative results thanks to companies’ eco-efficiency
efforts: nearly $1.2 billion in avoided costs and added revenue, more
than 2.3 million metric tons of avoided greenhouse gas (GHG) emissions,
27 million cubic meters of avoided water use, and 6.3 million tons of
avoided waste.

Evolving beyond this focus on eco-efficiency, the GSP will mobilize a
broader spectrum of possible environmental and business impacts. The
re-launched program will continue to drive efforts in eco-efficiency,
but will also promote and champion participating companies’
environmental innovations and solutions offerings to environmental
challenges as part of their business mandate.

“We recognized that our companies have environmental opportunities that
go beyond eco-efficiency,” said Henry Kravis, Co-CEO and Co-Founder of
KKR. “Therefore we developed an approach that spurs innovation and
expands environmental solutions.” George Roberts, Co-CEO and Co-Founder
of KKR, added, “Our decision to transition an already-successful program
was in response to the evolving nature of our companies’ needs and
abilities. We will continue working with our program partners to find
new ways to drive both business and environmental value.”

As part of today’s GSP announcement, KKR released results for 22
participating companies across four asset classes, including private
equity, special situations, real estate and infrastructure. The majority
of the reporting companies focus on eco-efficiency, with 19 case studies
spanning a range of geographies and material issues. One company
reported on eco-innovation and three companies reported on eco-solutions.

“This year’s announcement includes KKR’s largest number of participating
companies at any one time in the history of our environmental program,”
said Elizabeth Seeger, Director at KKR and a leader of the program since
2008. “We know that this program will continue to evolve, but we are
already very encouraged by the range of companies engaged beyond our
private equity portfolio and the opportunities that we have found that
are broader than eco-efficiency.”

Private equity portfolio companies reporting results include Alliance
Tire Group, Bis Industries, Capsugel, CITIC Envirotech Ltd., Dalmia
Cement, First Data Corporation, Gardner Denver Nash, Gardner Denver
Thomas, GoDaddy, HCA, Lake Region Medical, Panasonic Healthcare, Pets at
Home, PortAventura, Sundrop Farms, Sungard Availability Services,
Tarkett, Toys “R” Us, and US Foods. Coriance, an infrastructure
portfolio company; Pacific Retail Capital Partners, three shopping malls
in KKR’s real estate portfolio; and Ursa, a special situations portfolio
company, are also reporting into the program.

KKR will continuously engage with key stakeholders for feedback and
input as this program grows over time. Longtime partner Environmental
Defense Fund will continue to provide strategic advice to KKR and the
new GSP.

“We’re proud to see this effort that we worked with KKR to launch eight
years ago continue to evolve, expanding beyond the bottom-line benefits
of eco-efficiency to the potential top-line benefits from companies
making environmental solutions core to their business models,” said Tom
Murray, Vice President of corporate partnerships at Environmental
Defense Fund.

For more on KKR’s Green Solutions Platform (GSP) and participating
portfolio companies, visit www.green.kkr.com.

To read KKR’s annual Environmental, Social, and Governance (ESG) and
Citizenship report, visit www.kkresg.com.

About KKR

KKR is a leading global investment firm that manages investments across
multiple asset classes including private equity, energy, infrastructure,
real estate, credit and hedge funds. KKR aims to generate attractive
investment returns by following a patient and disciplined investment
approach, employing world‐class people, and driving growth and value
creation at the asset level. KKR invests its own capital alongside its
partners’ capital and brings opportunities to others through its capital
markets business. References to KKR’s investments may include the
activities of its sponsored funds. For additional information about KKR
& Co. L.P. (NYSE:KKR), please visit KKR’s website at www.kkr.com
and on Twitter @KKR_Co.


Ali Hartman, 212-519-1638