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&lt;p&gt;Private equity giant Kohlberg Kravis Roberts &amp; Co. (KKR)has made its pact with environmental management official! Stemming from a one-time deal where the firm partnered with the Environmental Defense Fund (EDF) (&lt;b&gt;Read:&lt;/b&gt; Internship opportunities for MBAs with the EDF in consulting and sustainability)to steer the deal involving the purchase of TXU--a utility that has a long history of inviting ire from environmentalists--by Texas Pacific Group in 2007 to include lower greenhouse gas emissions and other environmental initiatives.&lt;/p&gt;&lt;p&gt;Now the firm has announced that it will expand its Green Portfolio Program to 20% of its companies. So how did this odd partnership come to fruition? From a simple and early realization that private equity in the environmental space remained unexplored and meant a plethora of opportunities as knowledge and pressure of sustainability and the carbon accounting game gains leverage across industries.&lt;/p&gt;&lt;p&gt;While for the fund, it is about spreading the &quot;doing good&quot; message, for KKR, it presents more money in the bank. And with $54.8 billion in assets, they are well aware of it. And the agency is all for it. Quoted in the &lt;i&gt;San Francisco Chronicle&lt;/i&gt; last week, Tom Murray, the fund&#39;s managing director of corporate partnerships put it succinctly as &quot;&lt;i&gt;a growing realization that environmental management can play a much greater role in value creation for private equity firms when leveraged across a portfolio&lt;/i&gt;.&quot; He further added, &quot;&lt;i&gt;What&#39;s exciting for us is that we can both share best practices and capture the business and environmental savings at scale&lt;/i&gt;.&quot;&lt;/p&gt;&lt;p&gt;If you want to check out KKR&#39;s nifty new website on their green work, visit green.kkr.com. Also, while we are on the topic of discussing &quot;good,&quot; why not check out what employees have to say about the firm&#39;s business outlook, work/life culture and diversity initiatives! &lt;/p&gt;&lt;p&gt;Got something to say? Write to In Good Company, follow us on Twitter or leave a comment!&lt;/p&gt;

Aman Singh Das

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