.: Carlyle Group Releases Corporate Citizenship Report :.
Report Outlines Carlyle’s Approach, Progress to Date, and Goals for 2012
** Global alternative asset manager The Carlyle Group released its second annual Corporate Citizenship Report, detailing the firm’s efforts to make responsible investment decisions while creating value for investors. The report outlines Carlyle’s range of activities in the following areas: responsible investing, environmental stewardship, community volunteering, wealth sharing, and workplace diversity. The 34-page report is available here.
Carlyle Co-Founder and Managing Director William E. Conway, Jr. said, “We’re pleased with the progress we’ve made but realize there is more work to do. Being a good corporate citizen is good business practice and creates long-term value for our limited partners. This also further aligns our interests with limited partners who are leaders in these areas.”
The report shows Carlyle’s progress in meeting the Private Equity Growth Capital Council’s (PEGCC) guidelines for responsible investing. More than 60 companies, which represents more than 90 percent of Carlyle’s controlled, corporate buyout portfolio, evaluated their operations according to the PEGCC guidelines in 2011.
Carlyle also applied EcoValuScreen – a due diligence tool developed in partnership with Environmental Defense Fund – to five transactions, to establish numerical benchmarks to assess and track environmental savings. For example, by applying the EcoValuScreen process to the operations of Carlyle portfolio company NBTY, the company expects to reduce costs by approximately $1.8 million per year and eliminate about 5,000 metric tons of greenhouse gas emissions and 440,000 pounds of waste annually.
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