Private Equity Giant KKR Goes Green

New York Times:

Is private equity going green?

Kohlberg Kravis Roberts & Company, the giant buyout firm, is planning to announce on Thursday a new partnership with the Environmental Defense Fund, an advocacy group, to help it improve the environmental performance of the dozens of businesses it owns.

Kohlberg Kravis has more than $185 billion of annual revenue and some 825,000 employees worldwide through the companies it operates. Its decision to embrace environmental issues could have far-reaching implications for business operations and might put pressure on its top rivals to follow suit.

One of the original private equity firms, Kohlberg Kravis owns 46 companies, including the Texas utility TXU, the hospital giant HCA, the children's retailer Toys "R" Us, the discount retailer Dollar General and the mattress manufacturer Sealy.

Read the whole story: New York Times

Comments

[bola47]

guess henry kravis is going to be counting his cash. that is probably all the green he cares about.