exo-is/governance-reporting-on-listed-companies huggingface dataset:
Keyword: governance
board governance and climate risk. Additionally, as part 
of our reporting efforts for fund investors, we released 
enhanced ESG reports for applicable funds, including 
expanded climate-related data and other relevant metrics. 
Our Infrastructure business has been an active investor in 
renewable energy, and we expect this will continue to be a key 
area of focus as businesses and governments make significant 
efforts to decarbonize.
$50
bn AUM
~90
investment 
professionals 
(As of December 
31, 2022)

To learn more about 
our approach to 
investing in the 
energy transition, see 
the Engagement > 
Climate sections of 
the report.
CyrusOne: Building Sustainable Data Center Infrastructure 
Company Description: Global developer and operator 
of hyperscale a
Keyword: governance
Governance
Sustainability at KJRM is governed by: 
•	 The Environmental Charter affirms KJRM’s commitment to 
reduce its environmental footprint, engage with its stakeholders 
on sustainability, and conduct all activities in compliance with all 
environmental laws and international social standards. 
•	 The Responsible Property Investment Policy (RPI), 
established in 2013, describes KJRM’s approach to integrating 
environmental and social considerations into its investment 
and asset management. KJRM believes that responsible 
investment adds value by limiting the risks of regulatory 
non-compliance, enhancing market competitiveness, and, 
in some cases, reducing expenses and improving returns. 
•	 Similar to KKR, KJRM takes a materiality-driven app
Keyword: governance
Governance
Goals
Reduce environmental impact by 
addressing climate change and 
supporting renewable energy use
Create social value through promoting 
health and well-being for employees 
and tenants, and building long-term 
property resilience
Practice sound asset management 
for all stakeholders, which includes 
disclosing ESG performance in 
compliance with international 
standards and pursuing diversity
Actions
•	 Conducting a TCFD scenario analysis
•	 Establishing a carbon neutrality 
target and disclosing GHG emissions
•	 Investing in the future by 
issuing Green Bonds — the first 
J-REIT to do so
•	 Conducting stringent 
property environmental and 
seismic assessments
•	 Establishing the KJRM Human 
Rights Policy
•	 Formulating a DEI actio
Keyword: governance
governance framework: Adopting an appropriate 
framework for ESG governance, supported by 
board-level and executive capabilities, accountability, 
and performance measurement of the company’s 
material topics 
•	 Engaging human capital: Having at least two board 
members with diverse backgrounds on each board 
and a strategy in place for fostering a diverse and 
highly engaged workforce
•	 Managing climate-related risks and opportunities: 
Measuring greenhouse gas emissions and developing 
and implementing business-relevant decarbonization 
plans, where appropriate
•	 Protecting data privacy and cybersecurity: 
Mitigating cybersecurity risks, promoting a culture of 
cyber awareness, and handling personal or sensitive 
data responsibly
These ambition
Keyword: governance
governance framework, which may include board-
level oversight of material ESG topics, was a key focus 
of 2022. As of December 2022, 96% of companies 
in our portfolio assigned responsibility for ESG and 
sustainability oversight to the board or one or more 
of its sub-committees, up from nearly 30% as of 
December 2021.[24] Moving forward, this represents 
an opportunity for portfolio companies to further 
leverage the accountability established at the board-
level to make progress on other activities, including 
aligning on material issues, developing action plans 
to manage them and ensuring these issues are 
adequately considered in strategic decisions.
[24]
Includes majority-
controlled portfolio 
companies (where KKR 
has greater than or equal
Keyword: governance
DEI governance structures within our portfolio companies. 
We continued to run our five-part virtual DEI learning series in 
collaboration with BSR and connected some of our portfolio 
companies with a Diverse Leadership Development Program 
run by a leading management consulting firm. This program saw 
participation from over 60 portfolio company executives, which 
included multiple different programs, including a management 
accelerator for early career managers and an executive 
leadership program for senior-level executives. 
Ritchies Transport Holdings Ltd.: Driving Performance Through Employee Engagement
Company Description: A transportation operator in New Zealand; 
HQ: Auckland, New Zealand; Year of Investment: 2022
Ritchies was a family-owned tr
Keyword: governance
focused on board governance of climate as part of our 
Portfolio Company Board Education Series.
Investing in and Accelerating the Energy Transition
We are focused on investing in a sustainable energy 
transition, one that supports a shift to a clean energy 
future while recognizing the ongoing importance 
of supplying the conventional energy needed for 
well-being, security and economic growth around the 
world today. To achieve these goals, we invest in a 
diverse range of energy sources, including renewable 
energy, such as wind and solar power generation, 
and conventional energy. 
Conventional energy resources continue to 
be necessary to satisfy power, heating, and 
transportation needs, as well as the supply chain 
needs of critical sectors, and are expected t
Keyword: governance
Governance and Business Ethics
	
59 
Corporate Governance
	
59 
Enterprise Risk Management
	
60 
Responsible Product 
Governance and Marketing
	
61 
Business Ethics
45
KKR 2022 Sustainability Report 
Sustainable Operations
SASB FN-AC-330a.1 
Human Capital
Our global team of employees sets our Firm apart and is key to our 
success. We work to foster a respectful, safe, and engaging environment 
where all our employees can thrive both professionally and personally.
Our Approach
Our one-firm approach — where everyone 
participates in everything we do and success is best 
enjoyed collectively — is designed to involve the 
responsible management and engagement of our 
people and enable us to work together to create 
value. This approach means that we sha
Keyword: governance
Strategy and Governance
Driving progress in our efforts toward a more 
diverse workforce starts at the top. To help us realize 
our strategic priority of creating a more inclusive 
workplace, we formed the Inclusion and Diversity 
Council (IDC) in 2014, comprised of senior Firm 
leaders and co-chaired by our Co-CEOs and our Chief 
Diversity Officer and Head of Talent Development. 
The IDC works with the Americas, EMEA, and Asia-
Pacific regional IDCs, which are collectively comprised 
of approximately 30 diverse executives at various 
levels across the Firm, to drive recruiting, promote 
retention, and maximize external partnerships. 
This approach helps embed a culture of inclusivity 
throughout everything we do and promote increased 
representation among women
Keyword: governance
•	 Our Organization: Drive effective governance and
accountability by increasing regional and business unit 
participation in the IDC, expand Firm-level DEI goals, enhance 
our supplier diversity program, and better understand our 
performance through benchmarking.
•	 Our Industry: Work with portfolio companies on board 
diversity, workforce development, and supplier diversity 
initiatives as well as new external engagements to promote 
diversity practices.
National Coming Out Day
The KKR Pride Network welcomed everyone to celebrate National 
Coming Out Day on October 11th in acknowledgement of the power 
and significance of people living openly as their full authentic 
selves. In recognition of the day, four KKR Pride members shared 
personal reflections on their coming out journeys. A
Keyword: governance
Governance Counsel, who is primarily responsible for 
overseeing the mechanisms and strategy of our data 
privacy programs. This individual periodically presents 
to the Technology and Information Security Risk 
Committee, to seek to enhance the Firm’s governance 
of data protection and privacy issues.
Our Chief Information Security Officer is responsible 
for all aspects of information security at the Firm, which 
includes cybersecurity. The Chief Information Security 
Officer reports directly to the Chief Information 
and Innovation Officer and oversees our global 
cybersecurity strategy. The Chief Information Security 
Officer oversees the development and implementation 
of policies, procedures, technologies, and employee 
trainings related to cyb
Keyword: governance
Governance Counsel
Advanced a culture of cyber awareness 
through new and revamped training program 
and other educational initiatives
Data Privacy
Our stakeholders trust us to handle their personal 
information responsibly, and we take this trust seriously. 
Our data privacy and protection policies, standards, 
and procedures have been developed to align with 
applicable privacy laws, and we proactively work to 
update our practices consistent with the ever-evolving 
legal and regulatory privacy landscape. 

To learn more about 
our privacy practices, 
see the California, 
United Kingdom 
and European Union, 
Non-European Union, 
Singapore, and Job 
Applicant privacy 
notices, available 
on kkr.com.
“At KKR, we acknowledge the importance of 
safegua
Keyword: governance
Data Governance Counsel (New York)
55
KKR 2022 Sustainability Report 
Sustainable Operations
Cybersecurity
Our approach to cybersecurity at the Firm is informed 
by our membership in various industry groups 
dedicated to reducing cybersecurity risks across 
the global finance industry. Periodically, KKR’s Chief 
Information Security Officer briefs the KKR Board 
and/or one or more of its committees to whom 
such responsibilities have been assigned on the 
performance of our Cybersecurity Program and any 
potential weaknesses. Cybersecurity issues resulting 
from the Firm’s technology audits are regularly 
reviewed by the KKR Board and/or one or more of 
its committees to whom such responsibilities have 
been assigned. The Firm’s Information Security team
Keyword: governance
we are planning to strengthen our governance and oversight 
practices in 2023.
56
KKR 2022 Sustainability Report 
Sustainable Operations
Citizenship
Our Corporate Citizenship platform helps build a better world 
through philanthropy, employee engagement, and sustainable 
programs where we operate.
Our Approach
We continue to believe that successful companies 
are only as strong as the communities in which 
we operate, and we are committed to supporting 
collaborations and programs that respond to today’s 
needs, and build pathways to future progress. In 
2022, KKR continued to support communities affected 
by the pandemic and other crises that contribute to 
social and economic inequalities. We are building for 
the future as we establish our long-term Corporate 
Citizenship strategy
Keyword: governance
Governance and 
Business Ethics
As fiduciaries of capital, we are dedicated to employing the highest 
standards of integrity in all our dealings to uphold the trust of and 
create and protect value for our clients.
Corporate 
Governance
KKR’s continued success and ability to maintain our 
social license to operate requires a robust corporate 
governance framework. With support from the 
KKR Board, the management team aspires to 
nourish a culture that goes above and beyond 
risk management and compliance requirements, 
valuing responsible business practices, personal 
integrity, and ongoing communication. We believe 
this commitment to operating ethically creates 
long-term value for our clients and shareholders.
In October 2021, we announced the app
Keyword: governance
governance practices, simplify corporate structure, 
and further align the interests of leadership with 
stockholders. By 2027, all common stock of KKR & 
Co. Inc. will have one vote per share on all matters.

To learn more about 
governance at KKR 
and the relevant 
policies below, see the 
Corporate Governance 
page at ir.kkr.com: 
Audit Committee 
Charter; Corporate 
Governance 
Guidelines;
Code of Business 
Conduct and Ethics.
KKR Board
The KKR Board consists of 16 directors, of whom 
12 are independent under NYSE rules relating 
to corporate governance matters and the 
independence standards described in our corporate 
governance guidelines. 
Out of 16 directors, three have self-identified as 
women, and five have self-identified as non-white.
Keyword: governance
governance matters, we believe that our directors 
have business experience and backgrounds that 
are relevant to these topics. This includes, among 
other significant relevant experience, board service 
at a leading US nonprofit environmental advocacy 
group; multiple board roles at leading technology 
and software companies and leadership experience 
within human capital management.
The KKR Board serves across four standing committees: 
the Audit Committee, the Conflicts Committee, the 
Nominating and Corporate Governance Committee, and 
the Executive Committee. 
Enterprise Risk 
Management
KKR seeks to maintain a robust approach to risk 
management supported by an integrated team of 
experienced risk professionals. The Firm has two 
primary govern
Keyword: governance
KKR Enterprise Risk Management Governance Structure
The Enterprise Risk Management (ERM) function is responsible 
for ensuring the consistent application of the risk management 
framework to help KKR achieve its strategic objectives and 
operational efficiency while operating within the Firm’s risk 
appetite. ERM’s objectives are to:
•	 Identify and monitor risk from the Firm’s businesses to 
understand global, horizontal risk trends and issues
•	 Assess and measure risks and control for risk 
relevant programs 
•	 Aggregate risk information to better monitor, report, and 
inform risk-based decision making
Using this approach, the Firm works to manage a broad set of 
risks that are relevant to our global businesses, operations, and 
stakeholders. Additionally, our risk leaders and
Keyword: governance
Product Governance 
and Marketing
We place great importance on maintaining the 
trust established with our clients, shareholders, 
and communities. We expect all our employees to 
conduct business in compliance with applicable ethical, 
business, and legal standards, and, as such, we work 
to raise awareness of internal policies to drive 
progress and facilitate transparency.
At KKR, we are committed to being a trustworthy 
partner to those who invest their capital with us. 
Verifying our clients remains an important step 
in meeting our commitment to practicing ethical 
behaviors and we enact protocols to help prevent 
financial crime. KKR implements a Know-Your-
Customer (KYC) Policy as part of our Anti-Money 
Laundering (AML) program.
The Head of the Clie
Keyword: governance
governance at KKR 
and the relevant 
policies below, see the 
Overview of Policies 
section of the Appendix: 
Know‑Your‑Customer 
Policy, Written 
Supervisory Procedures. 
Incorporating ESG and Climate Risk Into ERM To Protect Value
We think about climate change from both physical and transition risk 
perspectives. As an office-based company, our physical footprint is 
relatively small but there is a possibility of business interruption due 
to physical climate risks, such as flooding, wildfires, hurricanes, and 
rising sea levels. We actively assess and monitor potential business 
disruption risks to strengthen our operational infrastructure to 
mitigate risk and impact from the evolving climate risk landscape. 
We incorporate ESG and climate risks
Keyword: governance
governance structures, policies, and procedures that help ensure 
that the Firm can mitigate and manage business and compliance-
related risks, the Code of Business Conduct and Ethics aims to 
help all directors, officers, and employees of KKR & Co. Inc. and its 
subsidiaries navigate particular ethical and legal issues and help 
us prevent and detect wrongdoing. We expect all employees to 
act with the utmost honesty and integrity when engaging with 
clients, shareholders, regulators, and colleagues. Our policies 
aim to mitigate business and compliance risks and establish a 
standard of ethical and legal behavior that aims to prevent and 
detect any wrongdoing within the Firm. In 2022, KKR Compliance 
consolidated existing policies into the Ethics
Keyword: governance
governance, controls, and compliance frameworks.
Ethical Trainings, Audits, and Reporting Mechanisms
We provide mandatory trainings on our Ethics Policy and 
various policies for all full-time employees at the beginning 
of their employment and periodically thereafter. In 2022, 
alongside web-based training, we reintroduced in-person 
training opportunities, as well as supplemental, targeted 
training for roles that encompass specific business ethics issues. 
Training may also be required for part-time employees and 
contractors, when relevant. We believe in the importance of 
periodic regulatory self-assessments to educate employees 
of regulatory expectations, identify potential areas of 
enhancement to its controls, and prepare the Firm for potent
Keyword: governance
governance, enterprise risk management, and business ethics 
practices is important for our ability to deliver positive financial 
outcomes and optimize operational efficiencies. In 2023, we 
seek to identify areas where we can strengthen key governance 
functions, such as optimizing risk committee structures, 
developing new control mechanisms, and refining risk reporting.
Sustainable Operations
62
KKR 2022 Sustainability Report 
Appendix
Transparency has always been 
a key tenet of KKR’s approach 
to sustainable investing. Since 
2011, we have been committed 
to sharing our progress 
transparently and consistently, 
and we strive to provide 
relevant, comparable, and 
reliable data and information for 
the benefit of our stakeholders. 
65 
Stakehol
Keyword: governance
2022 Sustainability Report, Sustainable Operations > Governance and Business 
Ethics > Responsible Product Governance and Marketing
Employee Diversity and Inclusion
FN-AC-330a.1
Percentage of gender and racial/ethnic 
group representation for (1) executive 
management, (2) non-executive 
management, (3) professionals, and (4) all 
other employees
2022 Sustainability Report, Appendix > KKR-level ESG Data Tables and Human 
Capital > Diversity, Equity, and Inclusion
Incorporation of Environmental, Social, and Governance Factors in Investment Management and Advisory 
FN-AC-410a.1
Amount of assets under management, 
by asset class, that employ (1) integration 
of environmental, social, and governance 
(ESG) issues; (2) sustainability themed 
investing; and (3) screening
(1) KKR’s Responsible Investment Poli
Keyword: governance
of environmental, social, and governance 
(ESG) factors in investment and/or wealth 
management processes and strategies
2022 Sustainability Report, Sustainable Investing > ESG Integration
FN-AC-410a.3
Description of proxy voting and investee 
engagement policies and procedures
KKR has adopted proxy voting policies and procedures (the “Proxy Voting Policy”) in 
accordance with requirements under Rule 206(4)-6 of the Investment Advisers Act. To 
assist in our proxy-voting responsibilities, KKR currently subscribes to proxy-related 
services offered by the proxy advisory firm Institutional Shareholder Services, Inc. 
(“ISS”). ISS provides KKR with its independent analysis and recommendation with 
respect to generally all proxy proposals that KKR votes on behalf of our Clients, with
Keyword: governance
2022 Sustainability Report, Sustainable Operations > Governance and 
Business Ethics
Activity Metric
FN-AC-000.A
(1) Total registered and (2) total 
unregistered assets under 
management (AUM)
(1) Total registered AUM was approximately $19 billion as of December 31, 2022. Our 
registered AUM includes pooled funds that, in our judgment, qualify as “registered 
AUM” as the term has been defined in the SASB Asset Management & Custody 
Activities Standard. These funds include (i) one real estate equity-oriented fund, (ii) 
two credit-oriented funds and (iii) certain business development companies that are 
subject to the regulations of the Investment Company Act of 1940.
(2) Total unregistered AUM was approximately $485 billion as of December 31, 2022. 
Our unregistered AUM equals total AUM minus total reg
Keyword: governance
Governance
Describe the organization’s governance around climate-related risks and opportunities.
a. 
Describe the Board’s oversight of climate-related 
risks and opportunities.
Accountability for our sustainable investing efforts extends throughout our Firm, with 
ultimate oversight by KKR’s senior leadership and the KKR Board. KKR senior employees 
regularly report on sustainability activities, including how KKR manages climate-related 
risks and opportunities, to the KKR Board and/or one or more of its committees to whom 
such responsibilities have been assigned. In 2022, we presented an overview of global 2022 
priorities to the Audit Committee of the KKR Board, including climate-related objectives and 
upcoming climate-related regulations.
KKR
Keyword: governance
2022 Sustainability Report, Sustainable Investing > Strategy and Governance > 
Governance and Oversight
b. 
Describe management’s role in assessing and managing 
climate-related risks and opportunities.
KKR’s senior leaders provide ultimate oversight of our ESG integration and responsible 
investing efforts, including consideration of climate-related matters. Global and regional team 
members, supported by both internal and external subject-matter experts, collaborate on an 
integrated approach and communicate updates to senior leaders and the KKR Board.
Our sustainability and climate-related activities are also overseen by our Firm’s senior leaders 
through the active involvement of senior management committees, including the Investment 
Committee, Portfolio Management Committee, and Risk and Operations Committe
Keyword: governance
KKR 2022 Sustainability Report, Sustainable Investing > Strategy and Governance > 
Governance and Oversight/Our Sustainability Expertise
67
KKR 2022 Sustainability Report 
Appendix
TCFD RECOMMENDED DISCLOSURES
KKR RESPONSE AND/OR DISCLOSURE SOURCE
Strategy
Disclose the actual and potential impacts of climate-related risks and opportunities on the organization’s businesses, strategy, and financial planning where such 
information is material.
a. 
Describe the climate-related risks and opportunities the 
organization has identified over the short-, medium- 
and long-term.
Given the significant scale of our investment activities compared to our footprint as an office-
based company, our investment portfolio is more relevant than our Firm operations from a 
climate risk and opportunity perspective. Therefore, our climate
Keyword: governance
and Governance-related activities. For additional publicly 
available corporate documents and policies, refer to the 
Corporate Governance page at ir.kkr.com. 
Human Capital
Harassment Policy
Our Harassment Policy strictly prohibits sexual harassment 
and harassment because of race, color, sex, age, disability, 
religion, national origin, marital status, familial status, family 
care status, sexual orientation, gender, gender identity and/
or expression, ancestry, military status, genetic information, or 
any other basis protected by applicable law. Employees have 
the option of reporting any incident of harassment prohibited 
by the Firm’s Harassment Policy to managers, management 
representatives, senior personnel in the Human Capital or Legal 
and Com
Keyword: governance
Governance
Know-Your-Customer (KYC) Policy
KKR has implemented a KYC Policy as part of its Anti-Money 
Laundering (AML) program. The KYC Policy includes risk-based 
procedures designed to obtain identifying information from a 
KKR fund investor and other persons or entities with whom the 
Firm is engaged in an investment activity, and to verify, to the 
extent required by applicable law, the fund investor’s identity. 
The information obtained during this due diligence review 
serves as the basis for making a determination as to, among 
other matters, whether such investor should be subjected to 
additional and ongoing monitoring due to its status as a senior 
foreign political figure or politically exposed person. KKR may 
also use third-party servic
Keyword: governance
fellow employees. The Ethics Policy outlines the governance 
structure, policies, and procedures that ensure the Firm can 
mitigate and manage business and compliance-related risks. 
The Ethics Policy outlines the standards for legal and ethical 
behavior and aims to prevent and detect wrongdoing within 
the Firm. We use the Code of Ethics to educate employees 
and help mitigate potential conflicts of interest that may arise 
from employee conduct involving personal trading, gifts 
and entertainment, political activity, and outside business 
activities, among others. KKR’s Compliance Group reviews 
employee certifications, questionnaires, and preapproval 
requests to identify such potential conflicts of interest. 
KKR has instituted various other essential policies and 
procedures designed to ensur
Keyword: governance
•	 Balance Sheet Guidelines — to clarify governance and 
oversight structure of the KKR balance sheet and provide a 
framework for ensuring the Firm’s fiduciary duty to clients and 
public shareholders
Whistleblower Policy
KKR has a Whistleblower Policy, which provides reporting 
mechanisms regarding questionable accounting, internal 
accounting controls and auditing matters, compliance with 
legal and regulatory requirements and retaliation against 
employees or others who make such accounting allegations 
or legal allegations. Consistent with these policies, employees 
who, in good faith, make a report or provide assistance to the 
Audit Committee, management, or any other person or group, 
including any governmental, regulatory, or law enforcement 
body, will not face retaliation, and th
Keyword: governance
around governance, training structures, incident response plans, 
and risk assessments to ensure our data is secure, and they are 
reviewed on an annual basis. KKR’s Compliance, IT, and Internal 
Audit groups test understanding and application of these 
policies across the Firm on a regular basis. 
KKR is also a member of the Financial Services Information 
Sharing and Analysis Center (FS-ISAC), a nonprofit group 
dedicated to reducing cybersecurity risks throughout the 
global finance industry. Additionally, our formal Incident 
Response Plan is based on the National Institute of 
Standards and Framework’s Cybersecurity Framework 
(NIST CSF). Our policies are designed to comply with 
privacy-related regulations across all relevant jurisdictions, 
including
Keyword: bribe
Anti-Bribery and Anti-
Corruption (ABC) Policy 
Anti-Money Laundering 
(AML) Policy
KKR’s Antitrust Policy
Code of Business 
Conduct and Ethics
Code of Ethics 
(Ethics Policy)
Contingent 
Worker Policy
Customer Due 
Diligence Policy
Information 
Barrier Policy
Whistleblower Policy.
Business Ethics
We understand that every person at KKR is responsible 
for acting in alignment with the Firm’s business ethics 
and values. All employees are expected to adhere to 
the responsibilities of our one-firm approach, to speak 
up, and to respect and listen to each other. KKR aims to 
foster a culture of compliance and ethics to meet the 
expectations of our clients, shareholders, employees, 
and other stakeholders. The Firm maintains policies and 
procedures that
Keyword: bribe
activities, including Anti-Money Laundering, Anti-Bribery, and 
Anti-Corruption policies and procedures. In alignment with our 
internal testing procedures, the Internal Audit group also monitors 
compliance activities by conducting regular reviews.
It is expected that all of our employees seek guidance from the 
Chief Legal Officer and General Counsel, Global CCO, any member 
of the Legal and Compliance team, or other applicable KKR 
personnel regarding any known or suspected unethical or illegal 
behavior. Our Whistleblower Policy further outlines the process 
for employees to anonymously report complaints or concerns 
about: questionable accounting, internal accounting controls 
and auditing matters, compliance with legal and regulatory 
requirements, and retaliation against any employees maki
Keyword: bribe
Anti-Bribery and Anti-Corruption (ABC) Policy
This policy prohibits KKR employees from offering anything of 
value to themselves, or to their family, friends, associates, or 
acquaintances to obtain an advantage for KKR or receive a benefit 
from a client or investor in return for a promise of a benefit from 
KKR. KKR is committed to conducting its businesses activities in 
accordance with the highest legal and ethical standards, and in 
a manner consistent with all applicable U.S. and non-U.S. laws, 
rules and regulations. We seek to ensure that the requirements of 
these laws apply to our own employees, as well as outside agents, 
consultants, representatives, and business partners. Every KKR 
employee must certify that they understand and will abide
Keyword: corruption
Corruption (ABC) Policy 
Anti-Money Laundering 
(AML) Policy
KKR’s Antitrust Policy
Code of Business 
Conduct and Ethics
Code of Ethics 
(Ethics Policy)
Contingent 
Worker Policy
Customer Due 
Diligence Policy
Information 
Barrier Policy
Whistleblower Policy.
Business Ethics
We understand that every person at KKR is responsible 
for acting in alignment with the Firm’s business ethics 
and values. All employees are expected to adhere to 
the responsibilities of our one-firm approach, to speak 
up, and to respect and listen to each other. KKR aims to 
foster a culture of compliance and ethics to meet the 
expectations of our clients, shareholders, employees, 
and other stakeholders. The Firm maintains policies and 
procedures that foster ethical conduc
Keyword: corruption
Anti-Corruption policies and procedures. In alignment with our 
internal testing procedures, the Internal Audit group also monitors 
compliance activities by conducting regular reviews.
It is expected that all of our employees seek guidance from the 
Chief Legal Officer and General Counsel, Global CCO, any member 
of the Legal and Compliance team, or other applicable KKR 
personnel regarding any known or suspected unethical or illegal 
behavior. Our Whistleblower Policy further outlines the process 
for employees to anonymously report complaints or concerns 
about: questionable accounting, internal accounting controls 
and auditing matters, compliance with legal and regulatory 
requirements, and retaliation against any employees making such 
allegations.
Keyword: corruption
Anti-Bribery and Anti-Corruption (ABC) Policy
This policy prohibits KKR employees from offering anything of 
value to themselves, or to their family, friends, associates, or 
acquaintances to obtain an advantage for KKR or receive a benefit 
from a client or investor in return for a promise of a benefit from 
KKR. KKR is committed to conducting its businesses activities in 
accordance with the highest legal and ethical standards, and in 
a manner consistent with all applicable U.S. and non-U.S. laws, 
rules and regulations. We seek to ensure that the requirements of 
these laws apply to our own employees, as well as outside agents, 
consultants, representatives, and business partners. Every KKR 
employee must certify that they understand and will abide by 
KKR’s ABC Polic
Keyword: tax
after-tax distributable earnings
$19.8 B
of capital funded or committed from 
our balance sheet
$2.4 B
fee related earnings
KKR Portfolio
$553 B
assets under 
management
Grew and Diversified Assets Under Management[4]
SASB FN-AC-000.B 
KKR is a leading global investment firm that offers 
alternative asset management as well as capital 
markets and insurance solutions. KKR aims to 
generate attractive investment returns by following 
a patient and disciplined investment approach, 
employing world-class people, and supporting 
growth in its portfolio companies and communities. 
KKR sponsors investment funds that invest in private 
equity, credit, and real assets and has strategic 
partners that manage hedge funds. KKR’s insurance 
subsidiaries offer r
Keyword: tax
tax-deferred savings and guaranteed income strategies that help 
cover essential retirement expenses, maintain a desired lifestyle, 
leave a lasting legacy, and pre-plan for final expenses. In fact, we 
were recently honored with two of Barron’s Best 100 Annuities in 
2023 in the Registered Index-Linked Annuities and Fixed-Indexed 
Annuities categories. 
Q: How is Global Atlantic working to make sure Americans 
know about annuities in particular, and the value of retirement 
security more broadly? 
We think it is vitally important that people engage an independent 
financial professional. To bring our products to market, we rely 
on a network of unaffiliated distribution partners including 
banks, broker-dealers, and insurance agencies. We pro
Keyword: tax
employee-owners access free financial planning and tax 
preparation support.
We also engaged directly with multiple portfolio 
companies to invest more deeply in community service 
partnerships and internal initiatives aimed at improving 
work conditions and employee well-being. 
Looking ahead, we continue to evaluate our approaches 
and aim to enhance the programs and tools to support 
companies in these efforts, ultimately to reflect our 
learnings and adapt to a rapidly evolving landscape. 
Looking Ahead
In 2024 and beyond, we aim to:
 •
Scale impact: Expand the regional reach, depth 
and resources of the Human Capital Center team, 
including deepening support in APAC and EMEA to 
advance ownership cultures at portfolio companies
 •
Develop solutions: Drive and track meaningful 
progress on
Keyword: tax
serving in a finance, accounting, corporate treasury, or tax role 
must promptly report any known or suspected violations of 
laws, rules, regulations, or provisions in the Code of Business 
Conduct and Ethics to the chair of the Audit Committee. They may 
choose to submit these reports confidentially or anonymously. 
Additionally, they must report any matter that could compromise 
the integrity of the company’s financial statements.
The Compliance team annually tests our policies and procedures 
to align with the ongoing monitoring program of business 
activities, including Anti-Money Laundering, Anti-Bribery, and 
Anti-Corruption policies and procedures. In alignment with our 
internal testing procedures, the Internal Audit group also monitors 
compliance activities by conducting regular reviews.
Keyword: tax
be construed as constituting, the provision of any tax, accounting, 
financial, investment, insurance, regulatory, legal or other advice nor 
is it to be relied on in making an investment or other decision. This 
report should not be viewed as a current or past recommendation 
or a solicitation of an offer to buy or sell any securities or to adopt 
any investment strategy.
Without limiting the foregoing, this report is not and shall not be 
construed as an “advertisement” for purposes of the Investment 
Advisers Act of 1940, as amended, or an offer to purchase or 
sell, or the solicitation of an offer to purchase or sell, any security, 
service or product of or by any KKR entity, including but not limited 
to any investment advice, any investment fund, vehicle or account, 
any capital markets
Keyword: tax
earnings and after-tax distributable earnings. These non-GAAP 
measures are in addition to, and not a substitute for, measures 
of financial and operating performance prepared in accordance 
with U.S. GAAP. We also caution readers that these non-GAAP 
financial measures may differ from the calculations made by 
other investment managers, and as a result, may not be directly 
comparable to similarly titled financial measures presented by 
other investment managers. While we believe that providing 
these non-GAAP measures is helpful to investors in assessing the 
overall performance of KKR’s business, they may not include all 
items that are significant to an investor’s analysis of our financial 
results. Please see the 2023 10-K for definitions ascribed to our 
k
Keyword: governance
Approach and Governance | ESG Integration | 
Engagement | Investing Behind Trends 
50
 Sustainable Operations
Human Capital | Environment | 
Data Responsibility | Corporate Citizenship | 
Governance and Business Ethics 
69 
 Appendix
Stakeholder Engagement | SASB Index | 
TCFD Annex | Overview of Policies | 
Benefits Overview | KKR-level ESG Data Tables | 
Endnotes | Cautionary Statement 
2
KKR 2023 Sustainability Report 
Introduction
4 
About KKR
5 
Letter From Leadership
5 
 A Message From Joseph Bae and 
Scott Nuttall, Co-Chief Executive Officers
7 
2023 Highlights
8 
About This Report
9 
Glossary
Introduction
3
KKR 2023 Sustainability Report 
Introduction
+18% CAGR
Leveraged Credit
Real Estate
Alternative Credit
Growth Equity and Core Private Equity
Tradition
Keyword: governance
to provide clear and direct governance of our artificial 
intelligence (AI) strategy and program
To learn more about these highlights, see the respective sections in this report.
Enhancing KKR’s Sustainability Data Collection
We continued to improve our sustainability data collection and 
reporting efforts across our portfolio to inform decision-making, 
improve performance, and address regulatory requirements.
13th Year of Sustainability Reporting 
This is KKR’s 13th public sustainability report since 
our first report in 2011.
7
KKR 2023 Sustainability Report 
Introduction
About This 
Report
At KKR, we are committed to disclosing high-quality, 
relevant information as part of our annual sustainability 
reporting, and have been since our first report was 
published in 2011. Ou
Keyword: governance
and working groups to guide both governance and 
management of business-relevant sustainability topics, 
including understanding the range of new disclosure 
requirements. For example, our SFDR Steering 
Committee includes senior leaders from across the 
Firm and meets regularly to discuss implications for 
implementation of SFDR reporting and compliance. 
Promoting Comparability of Information
When preparing this report, we referenced certain leading 
sustainability reporting frameworks and standards as 
we believe they can help us increase the comparability 
and usefulness of information across our industry and 
improve the quality of information we disclose. 
Our report incorporates disclosures relating to the SASB 
Standards’ Asset Management & Custody Activities 
Sector Standar
Keyword: governance
Environmental, Social, and Governance (ESG) 
Integration (also referred to as “responsible 
investment”): In line with our Responsible Investment 
Policy and the six UN-backed Principles for Responsible 
Investment (PRI) — of which Kohlberg Kravis Roberts 
& Co. L.P. is a signatory[9] — ESG integration describes 
our approach to integrating and managing material ESG 
considerations in our investment processes globally 
across asset classes. See “materiality” definition below.
ESG Management: How a company manages material 
ESG topics and engages with its stakeholders. 
Financed Emissions: “Financed emissions” are the GHG 
emissions attributable to a firm’s lending and investing 
activities. These emissions are categorized under scope 
3.15 in the GHG Protocol. See the Engageme
Keyword: governance
focus areas: Implementing a governance framework 
to manage material sustainability topics, engaging 
human capital, managing climate-related risks and 
opportunities, and protecting data security and privacy. 
Impact Investing: As defined by the Operating 
Principles for Impact Management — of which Kohlberg 
Kravis Roberts & Co. L.P. is a founding signatory — 
impact investing is the practice of investing in companies 
and organizations with the intent to contribute to 
measurable positive social or environmental outcomes 
alongside financial returns. As part of KKR’s Global 
Impact strategy, we invest in companies whose core 
product or service seeks to provide a solution to a 
critical environmental or social challenge, as defined 
by the UN SDGs, thereby driving positive,
Keyword: governance
Approach and Governance
13 
Our Commitment and Approach
13 
Governance
16  Spotlight: Building Resilience and 
Sustainability in an Age of Geopolitics
17 
Stakeholder Engagement
19 
ESG Integration
19 Our Approach
21 
Credit
23 Private Equity
25 Real Estate
27 Infrastructure
29  Spotlight: Our Partnership  
with Global Atlantic
31 
Engagement
31 
Our Approach
32  Examples of Effective Management 
of Material Sustainability Topics in 
KKR’s Portfolio
33 Human Capital
36 Climate
41 
Data Responsibility
42 
Investing Behind Trends
42 Our Approach 
42 Examples of Solutions in Practice
43 KKR Global Impact
47 KKR Global Climate
Sustainable 
Investing
10
KKR 2023 Sustainability Report 
Sustainable Investing
Reflections on KKR’s 
Commitment to 
Sustainable Investing
Ken
Keyword: governance
governance frameworks to manage these topics. We emphasize 
three key topics that we believe align with value creation and risk 
mitigation across a wide variety of industries: engage human 
capital; address relevant climate-related risks and opportunities; 
and protect data privacy and cybersecurity. When these topics 
are material for our investments, we work with the investments 
to advance their related performance. 
To focus on one initiative, we believe proactively 
engaging on climate-related topics material to our 
companies can be critical for companies to drive 
performance and be competitive. For example, in 
many jurisdictions, there is a price attached to carbon 
and reducing those emissions can reduce costs for 
companies. In addition,
Keyword: governance
Governance
We work together as one Firm toward achieving one common goal: 
helping build and support resilient businesses over the long term. 
Our Commitment 
and Approach
At KKR, sustainable investing is a key lever of our 
approach to value creation and value protection, and a 
way of doing business that we believe helps us mitigate 
risk and seize opportunities. It is one of the many tools 
we have to create and protect value, including financial 
proficiency, operational insight, macroeconomic 
expertise, and our overall experience gained from 
nearly 50 years of investing. 
We believe this approach is crucial to our ability to 
understand the range of business-relevant factors 
that could impact the commercial outcomes of our 
investments, and,
Keyword: governance
Governance
To govern our sustainable investing efforts, we take a highly 
collaborative approach, with accountability for Firm-level strategy 
development, implementation, and oversight responsibilities 
embedded throughout the Firm. 
Oversight
Oversight of Firm-level Strategy
As described, working together, various teams throughout the 
organization are accountable for aspects of our responsible 
investment efforts, with ultimate oversight by KKR’s senior 
leadership, which reports to KKR & Co. Inc.’s Board of Directors 
(“KKR Board”). The Risk Committee of the KKR Board receives 
periodic reports on the Firm’s risks related to sustainable investing 
and related matters. 
KKR’s Global Head of Public Affairs and Co-Head of Global 
Impact, Ken Mehlman
Keyword: governance
Governance of Sustainable Investing Efforts at KKR
Firm-level Strategy
Implementation
Oversight
KKR Board
Firm Leadership
Investment Committees
Portfolio Management 
Committees
Accountability
Sustainability Team
Investment and Asset Management Professionals
Receives 
Input From
ESG Committee
Sustainability 
Expert Advisory 
Council (SEAC)
KKR Capstone
Sustainability Team
Internal SMEs
Internal subject matter experts (SMEs)
Global Public Affairs, KKR Global Institute, 
Global Macro
External Advisors
For illustrative purposes only
13
KKR 2023 Sustainability Report 
Sustainable Investing
Oversight of Day-to-Day Implementation
Our Investment Committees (IC), where applicable, are 
responsible for considering material risks and opportunities 
identified b
Keyword: governance
global processes around ESG-related governance, controls, and 
compliance frameworks. The Working Group is a key forum for 
discussing matters related to the design and effectiveness of 
internal controls related to KKR’s sustainability-related practices 
and compliance with sustainability-related regulations to which we 
are subject. The Working Group is also responsible for monitoring 
ongoing compliance with the requirements of our Responsible 
Investment Policy. 
Implementation
Our investment and asset management teams are responsible 
for identifying, assessing, and managing material ESG-related 
risks and opportunities throughout the investment process, from 
pre-investment diligence to post-investment engagement and 
management. For example, this work can include conducting 
ESG
Keyword: governance
Governance
Portfolio 
Companies
Investment
and Asset
Management 
Teams
Human
Rights
Climate and 
Decarbonization
Supply 
Chain
Public Policy
Sustainability 
Reporting
ESG Data 
Management
Impact 
Management
ESG
Integration 
ESG Committee Composition
70%+ Partners 
and 25% 
Managing 
Directors
 ·
 Representation across North 
America, EMEA, and APAC
 ·
 Asset classes represented: 
Credit, Private Equity, 
Infrastructure, Real Estate
 ·
 Functions represented: KKR 
Capstone, Compliance, Legal, Public 
Affairs, Human Capital, Investor 
Relations, Global Client Solutions
For illustrative purposes only
The ESG Committee is tasked with advancing a globally 
coordinated approach to sustainable investing across 
the Firm, and monitoring emerging issues that
Keyword: governance
Geopolitical Governance Subcommittee (which I co-chair) under KKR’s 
Risk and Operations Committee. 
We believe that in an era of renewed great power rivalries, many 
commercial or economic activities that were previously assumed 
to be irrelevant to or insulated from geopolitics are increasingly 
in the crosshairs of national security considerations. Areas of 
special sensitivity include investments in critical and emerging 
technologies with dual-use or military implications, as well as 
investments that entail access to data that could be exploited for 
espionage and other intelligence purposes. 
All these factors reinforce our belief that the concepts of resilience, 
sustainability, and security must take careful account of the new 
global realities, as globa
Keyword: governance
engages its workers, upholds effective governance, and avoids 
unnecessary geopolitical risks. 
Specific examples of potential ESG and sustainability topics include:
We aim to reference select global sustainability 
frameworks and standards in our investment 
processes to obtain better insights on investments, 
drive performance improvements, and report 
information to stakeholders.
For example, when identifying sustainability factors 
that may be material to an investment, we consider 
the industry-specific SASB Standards as one input. We 
also reference the TCFD recommendations to guide 
our consideration of climate-related management 
and governance practices in the investment process, 
with different applications based on the nature of the 
investment and the level of influence we hav
Keyword: governance
process, KKR’s governance rights with respect to 
an investment, KKR’s ability to monitor ESG-related 
performance, and other relevant factors.
To learn more, see the 
About This Report 
section, SASB Index, 
and TCFD Annex.
Our Responsible Investment Process
We seek to integrate the consideration of material 
ESG factors throughout the investment life cycle, 
from pre-screening during the pre-investment phase 
through documentation and monitoring in the post-
investment phase. 
The application of this approach varies across asset 
classes due to the nature of our investments, which are 
described in more detail in the Credit, Private Equity, 
Real Estate, and Infrastructure sections.
We seek to constantly refine our approach, and to work together 
in collaboration