KKR Extends Green Portfolio Program to 20% of Properties
Private-equity firm Kohlberg Kravis Roberts has expanded its Green Portfolio Program to more of its properties. With the move, the buyout firm will see 20 percent of its portfolio adopting greater levels of corporate energy efficiency.
KKR started working on the program with the Environmental Defense Fund in 2008. That year, a pilot program involving U.S. Foodservice, Primedia and Sealy resulted in $16.4 million in savings, according to a press release.
Additional companies involved now include Accellent, Biomet, Dollar General, SunGard Data Systems, HCA, First Data, Lehigh Phoenix, Oriental Brewery and Tarkett, reports the New York Times.
To help run the effort, KKR brought on Elizabeth Seeger from the Environmental Defense Fund, reports The Daily Tell.
EDF has a similar program called Green Returns, under which it works with other private equity firms to help add energy efficiency to their properties.
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