Private Equity Firm KKR Teams with Green Group in First Such Union. By Marc Gunther, Fortune, May 1, 2008. "Private equity firms are renowned -- and occasionally denounced -- for squeezing costs out of companies they buy... their critics allege [by often]... exploiting workers, avoiding taxes and polluting the planet... [That background] provides a useful context for Thursday's announcement of a partnership between Kohlberg Kravis Roberts, one of the world's leading buyout firms, and the Environmental Defense Fund. Their 'green portfolio' partnership -- the first between a big private equity fund and an environmental group -- is intended to measure and improve the environmental performance of KKR's U.S. companies... If even a handful of [KKR's many] companies adopt greener practices, that will matter."
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