By KKR Oct 29, 2019
On October 8, 2019, The Singapore Venture Capital and Private Equity Association (SVCA) awarded KKR its first-ever “ESG Award of Distinction” for our investment in Barghest Building Performance (BBP) at its 10th SVCA Annual Awards. The SVCA introduced this new award to recognize efforts in the private equity and venture capital industry to make a real impact on society without relinquishing financial returns.
BBP is a Singapore-based provider of commercial solutions dedicated to reducing energy consumption and carbon emissions for large buildings and industrial users, while also decreasing related expenses for customers. BBP provides its customers with real-time monitoring of their heating, ventilation and air conditioning (HVAC) systems to drive efficiency, reliability, and resiliency. Since KKR’s investment in BBP in 2018, we have been working closely with the Company’s management team to continue to improve on ESG management practices, as it looks to scale up and operate in an increasingly more complex and geographically diverse setting.
KKR’s Neal Kok said of the win, “We are honored to win the ‘ESG Award of Distinction’ for our investment in BBP, who is leading the way in improving energy efficiency for HVAC systems in commercial and industrial buildings across Asia. This investment reflects KKR’s long history of supporting companies that address societal challenges and was made as part of our Global Impact Strategy, which focuses on investing in businesses with positive social or environmental impact that measurably contribute solutions to one or more of the United Nations Sustainable Development Goals (SDGs). BBP’s energy savings solutions are redefining commercial energy management and meaningfully contributing to two of the UN’s SDGs – ‘Affordable and Clean Energy’ and ‘Industry, Innovation and Infrastructure’. We look forward to supporting their continued growth.”
Poyan Rajamand, Co-Founder and CEO, BBP, added, “This prestigious award is a testament to our award-winning technology, customized engineering and talented team. We recognize the important role that our innovative commercial solutions can play in enabling buildings and industrial facilities to significantly reduce their energy consumption and carbon emissions. In KKR, we have the ideal investor who shares our passion and commitment to improving the environment. We are excited about the many opportunities that we have together to expand the reach and impact of our energy efficiency solutions in Asia – and beyond.”
The awards are voted and decided on by an independent panel of judges consisting of members of the global financial industry.
Photo Credit: SVCA