KKR Greenwashing

The report alleges that KKR's public claims of environmental responsibility are contradicted by its investment portfolio, which is 78% rooted in fossil fuels. It highlights at least $9B in funding for gas and LNG projects and notes KKR's 2022 environmental ranking of 'D'. The document warns that these investments create financial, reputational, and regulatory risks for institutional investors, particularly pension funds, and calls for the firm to adopt science-based targets, full disclosure, and a clear transition plan.

• KKR's energy portfolio is heavily reliant on fossil fuels, with 78% of its companies in this sector rooted in them, and the firm has invested at least $9B across at least 14 projects focused on gas and liquefied natural gas (LNG) transportation and storage.
• KKR received a failing 'D' grade for its 2022 environmental ranking.
• The firm's gas investments show a pattern of environmental violations, lack of community consent, and cost overruns, specifically impacting low-income, majority Black, immigrant, and Indigenous communities already vulnerable to climate change.
• Investments in fossil fuel infrastructure with long payback periods, such as pipelines and LNG facilities, pose financial risks to institutional investors and pension funds as the global economy shifts toward renewable energy.

APA

Parr, M. (2023). KKR Greenwashing. Private Equity Climate Risks. https://peclimaterisks.org/kkr-greenwashing/

Chicago

Parr, Matt. KKR Greenwashing. Private Equity Climate Risks, 2023. https://peclimaterisks.org/kkr-greenwashing/.

Wikipedia

{{cite report |last1=Parr |first1=Matt |title=KKR Greenwashing |publisher=Private Equity Climate Risks |date=25 August 2023 |url=https://peclimaterisks.org/kkr-greenwashing/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{parr2023kkr, author = {Parr, Matt}, title = {{KKR Greenwashing}}, institution = {Private Equity Climate Risks}, year = {2023}, month = aug, url = {https://peclimaterisks.org/kkr-greenwashing/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }