Greening the Green

Private equity firm and green group partner up

Posted at 1:06 PM on 01 May 2008

The Environmental Defense Fund has struck a first-of-its-kind "green portfolio" deal with gigantic private equity firm Kohlberg Kravis Roberts. The partnership plans to develop tools to measure and improve the environmental performance of KKR'S U.S. companies, with metrics including energy efficiency, greenhouse-gas emissions, water consumption, and toxic waste. KKR has more than $185 billion in revenue and owns 46 companies, including Toys "R" Us, U.S. Food Service, Sealy, Nielsen, and Energy Holdings (formerly TXU); EDF and KKR were involved in brokering a 2007 buyout of TXU that resulted in coal plants being canceled, and the transaction spurred partnership talks between KKR and EDF. Who ever said good can't come from coal?

sources: Fortune, The New York Times, The Dallas Morning News

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	Read more about: business \| Environmental Defense Fund \| greening biz operations \| investing \| news \| all of these topics Tools: print \| email \| write to the editor \| subscribe \| RSS Share: digg \| hugg \| stumbleupon \| reddit \| newsvine \| fark \| facebook Bookmark: del.icio.us \| google \| yahoo Greening the Green Private equity firm and green group partner up Posted at 1:06 PM on 01 May 2008 The Environmental Defense Fund has struck a first-of-its-kind "green portfolio" deal with gigantic private equity firm Kohlberg Kravis Roberts. The partnership plans to develop tools to measure and improve the environmental performance of KKR'S U.S. companies, with metrics including energy efficiency, greenhouse-gas emissions, water consumption, and toxic waste. KKR has more than $185 billion in revenue and owns 46 companies, including Toys "R" Us, U.S. Food Service, Sealy, Nielsen, and Energy Holdings (formerly TXU); EDF and KKR were involved in brokering a 2007 buyout of TXU that resulted in coal plants being canceled, and the transaction spurred partnership talks between KKR and EDF. Who ever said good can't come from coal? sources: Fortune, The New York Times, The Dallas Morning News ADVERTISING POLICY < Previous \| Next > Comments: There are no comments. Be the first to post! You are not logged in. Thus, you cannot post a comment. If you have a Gristmill account, log in below. If you don't have a Gristmill account, well, by all means go make one! Meet you back here in five. Username: Password: Forgot your password? Enter your username and click: The comments of Grist users reflect the opinions of those individuals only, and do not necessarily reflect the viewpoints of Grist, its staff, its board members, their psychotherapists, or their aestheticians. Got it?	Also in Grist The Death of Environmentalist How to green your funeral. If By Clean You Mean Filthy Is clean coal an oxymoron? Umbra clears up the confusion. iSave When you're not guzzling iBeer, conserve gas with new iPhone apps. Water on the Brain Author Elizabeth Royte spills about the bottled water boom and backlash. The Week's Most Popular Viewed Commented Emailed Ask Umbra on storing produce Ask Umbra on sea-level rise If you're going to eat meat, you can't shy away from the whole beast Blogosphere responds reservedly to Gore's call for 100 percent renewable electricity Author Elizabeth Royte chats about the bottled-water boom and backlash Are biofuels a core solution? Time to stop using the phrase 'renewable energy' Animal rights group called out for repeatedly exploiting women A conversation with energy guru Amory Lovins Ask Umbra on storing produce New Nature Conservancy prez chats about jumping from Goldman Sachs to the green scene As summer heats up, a tasting of six 'natural' white wines How to green your day job From the Archives It's the Pitts. Pittsburgh beats out L.A. for sootiest U.S. city. Wronging the Rights. White House tries to interfere with right whale protections. In Brief. Snippets from the news. News Archives