This 2023 Sustainability Report celebrates our collective ethos with the theme of Working Together. In the many examples covered in this report, it is clear that shared efforts lead to shared success — both in the way we invest and how we operate as a business. With the publication of this 13th annual sustainability report, we are energized by the positive impacts we have made.”
Select 2023 Highlights
Sustainable Investing
- $45B+ in sustainability-focused investments, including $34B in climate and environmental sustainability investments, since 20101
- 39 portfolio companies with 85,000+ non-senior management employees implemented ownership programs, awarding billions of dollars in equity since 20112
- Launched new Global Climate investing strategy and appointed dedicated climate leadership team focused on the deployment and scaling of net-zero solutions and accelerating the transition of higher-emitting assets
Sustainable Operations
- 59% of our global employees are affiliated with at least one Employee Resource Group (ERG)
- Pre-purchased permanent carbon removal tons from Frontier’s offtake portfolio to support the acceleration and development of the carbon removal industry
- Enhanced KKR’s cybersecurity annual training with updated content to reflect current threats and Firm policies
Looking back, our approach to sustainable investing over the past 15 years has been far from linear. We are constantly re-evaluating our approach and enhancing the ways we track our progress. We believe that dialogue, informed inquiry, and ongoing self-assessment help us to continuously adapt and result in better outcomes. It is always a good thing to question our approach and try to learn from others.”
About our 2023 Sustainability Report
At KKR, we are committed to disclosing high-quality, relevant information as part of our annual sustainability reporting, and have been since our first report was published in 2011. The structure of this 2023 Sustainability Report3 published in June 2024, outlines the ways we aim to integrate sustainability into both our investment and business activities in two main sections:
Sustainable Investing covers sustainability-related activities in our investments.
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EngagementWe work together with portfolio companies to mitigate risk and strengthen management across key sustainability topics, such as implementing a governance framework to manage material sustainability topics, engaging human capital, managing climate-related risks and opportunities, and protecting data security and privacy.
Sustainable Operations covers sustainability-related activities at the Firm level.
1 Includes capital invested in or committed to sustainability-focused investments from 2010 to December 31, 2023 by KKR funds and syndicated co-investments (including Global Atlantic’s sustainability-focused investments from 2015 to December 31, 2023). Relevant investments include the following sustainability-focused sectors: climate, environmental sustainability, cybersecurity, lifelong learning (including education and workforce development), and social equality (including financial inclusion and food security).
2 Cumulative figure as of December 2023 including active and exited portfolio companies with ownership programs covering 100% of full-time employees, typically with opportunities to earn six+ month worth of salary.
3 This report documents activities and includes performance data for calendar year 2023, unless otherwise noted. Where applicable, we also include our progress and planned activities for 2024. We provide detailed information about our efforts over the last year, as well as look ahead at our continued intentions.
Disclosures
Kohlberg Kravis Roberts & Co. L.P. (“KKR”) is providing the reports and information on this webpage for informational purposes only.
Certain information contained on this webpage or within the reports on this webpage is subject to change, including but not limited to information relating to any environmental, social, and governance (“ESG”), impact, or responsible investment policies, procedures, and initiatives or any ESG-related goals, targets, intentions, or expectations (including with respect to net-zero targets and related timelines). KKR is permitted to determine in its discretion that it is not feasible or practical to implement or complete certain of its ESG initiatives, policies, and procedures based on cost, timing, or other considerations. Further, any statistics and metrics contained on this webpage or within the reports on this webpage relating to ESG matters are estimates and may be based on other estimates, assumptions or developing standards (including KKR’s internal standards and policies).
Certain information contained on this webpage or within the reports on this webpage has been obtained from third parties, and in certain cases have not been updated through the date hereof. While these third-party sources are believed to be reliable, KKR does not give any representation or warranty as to the accuracy, timeliness, or completeness of any such information contained herein, assumes no responsibility for independent verification of such information, and expressly disclaims any responsibility or liability therefor.
The information in the reports on this webpage is only as current as the date indicated on each respective report and may be superseded or become irrelevant or inaccessible over time, and KKR assumes no obligation to update the information in such reports. You are encouraged to read carefully the disclaimers in each of the reports on this webpage, each of which provides additional important information about the contents and materials presented therein.