Del Monte, US Foods, Dollar General, Biomet, Accellent, Others Cut 2.3M Tons of GHGs

Global greenhouse gas (GHG) emissions from fossil fuels have increased by about 1.5 times between 1990 and 2008, as per the EPA data. These gases trap heat in the atmosphere and contribute to climate change. Leading global investment firm KKR has a Green Portfolio Program involving 25 companies from around the world with a focus on reducing GHG emissions through various sustainability action plans.

The companies in this program have avoided more than 2.3 million metric tons of GHG emissions between 2008 and 2013. These companies have also achieved cost savings and new revenue of $1.2 billion during this period due to their actions to support the environment. In addition to GHG reduction, the portfolio companies have also achieved reduction in water use of 27 million cubic meters and waste reduction of 6.3 million tons, while also recycling 1.6 million tons of waste.

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Image Credit: Flickr via NASA

Vikas is a staff writer for the Sustainable Development news and editorial section on Justmeans. He is an MBA with 20 years of managerial and entrepreneurial experience and global travel. He is the author of "The Power of Money" (Scholars, 2003), a book that presents a revolutionary monetary economic theory on poverty alleviation in the developing world. Vikas is also the official writer for an international social project for developing nations "Decisions for Life" run in collaboration between the ILO, the University of Amsterdam and the Indian Institute of Management.