EDF, Ernst & Young Focus on Private Equity's Green Opportunities

EDF, Ernst & Young Focus on Private Equity's Green Opportunities

Image - CC license by Micah Sittig (Flickr)

 The Environmental Defense Fund is looking to help private equity firms improve the environmental and financial performance of their portfolios with a new program.

Ernst & Young is piloting the Green Ops for Private Equity program, which is aimed at assisting private equity companies in examining their investments with the environment in mind. Quantis, a consulting company focused on the environment and life cycle assessment, will assist Ernst & Young. 

Participating companies will end up with an assessment of their portfolios and suggestions based on where the biggest environmental opportunities for them are, such as in energy efficiency, fleets, data centers, waste reduction or water management.

The program is built off of EDF's work with the private equity sector over recent years. As part of its Green Returns project, EDF has already worked with private equity firms Kohlberg Kravis Roberts & Co. (KKR) and The Carlyle Group.

KKR launched its Green Portfolio Program in 2008 and tracks the costs, emissions and waste saved by the 16-company portfolio. Early last year, The Carlyle Group debuted its EcoValuScreen, a tool that looks for opportunities to create value through improved environmental management practices at investments.

Image - CC license by Micah Sittig (Flickr)