KKR, a leading global investment firm, has just released its annual ESG, Impact & Citizenship Report. This report describes the firm’s accomplishments regarding “responsibility, impact, people, communities & progress” for 2019, according to leadership on Twitter.
Pleased to announce the release of our ESG, Impact & Citizenship Report, focusing on the theme of ‘invested’ – in responsibility, impact, people, communities & progress. Learn more about where we are on each today: https://t.co/3s1I4fVols #KKRESG #KKRGlobalImpact #KKR40for40 #ESG pic.twitter.com/ABw4vcaGKD
— KKR & Co. (@KKR_Co) July 10, 2019
In early 2019, KKR began building its Global Impact portfolio by investing in businesses whose commercial offerings address one or more of the seventeen sustainable development goals (SDGs) put in place by the United Nations Sustainable Development Summit in 2015. Barghest Building Performance (BBP), a Singapore-based energy solutions company, was KKR’s first impact investment. KKR chose to invest in BBP because the company’s innovative approach has reduced clients’ energy usage and carbon emissions by up to 40%, a tremendous improvement that addresses two SDGs: #7, or “Affordable and Clean Energy,” and #9, which is “Industry, Innovation, and Infrastructure.”
BBP uses a range of cutting-edge technologies including sensors, “learning” algorithms, and equipment controls to provide real-time monitoring of industrial heating, ventilation, and air conditioning (HVAC) systems. KKR’s investment will help BBP to accelerate growth and continue expanding its market beyond Southeast Asia.
Read the rest of the 2019 KKR ESG, Impact, and Citizenship Report.