EDF Climate Corps Proves its ROI for Private Equity Firms

As summer officially gets underway, the 2015 EDF Climate Corps fellows are already off to the races seeking out energy and cost-saving opportunities for some of the world’s largest companies and organizations. Among those participating, we are pleased to place 13 fellows with private equity firms and their portfolio companies, the largest such cohort in a single summer, besting last year’s record of 12 fellows. This brings the grand total up to 57 EDF Climate Corps fellows who have worked in the private equity sector (including with portfolio companies) to date.

EDF Climate Corps fellows Yien Huang (left) and Jiamu Lu (right) collaborating at the fellow training

EDF Climate Corps fellows Yien Huang (left) and Jiamu Lu (right) collaborating at the fellow training

Since 2008, EDF has worked with the private equity sector to drive environmental results, beginning with a partnership with KKR & Co. L.P., and later with The Carlyle Group and Oak Hill Capital Partners. Resulting from this work was a suite of free tools designed to help firms identify and manage environment, social and governance (ESG) issues. EDF Climate Corps offers private equity firms a powerful resource that continues to deliver environmental benefits alongside real financial returns.

This year, as in past years, we continue to see a diverse range of participating companies and projects:

  • In 2015, we welcome new hosts Guitar Center, NBTY (vitamin/food supplement supplier), Ortho Clinical Diagnostics (medical equipment manufacturer), Pharmaceutical Product Development, and Gelson's Markets (a grocery chain in southern California).
  • Among returning companies, we’re excited to welcome back Floor & Décor, Philadelphia Energy Solutions, Avaya, and Caesars Entertainment, the last of which was featured in episode 7 of the Showtime series Years of Living Dangerously (now available on Netflix, Hulu and Amazon Prime), which profiled the efforts of EDF Climate Corps.
  • HCA Healthcare will also be returning, marking the company’s sixth straight year of participation.
  • KKR & Co. L.P., Carlyle Group, and Hellman & Friedman will have fellows working at the firm level this year.

The work that these fellows will engage in this summer ranges from energy benchmarking and efficiency upgrades to demand response assessments and green revolving loan fund design. We’ve written previously about the myriad ways that fellows can add value both at private equity firms and portfolio companies and we’re excited to see new stories unfold this summer. Watch this space as well as our Climate Corps-specific blog, where fellows across a variety of sectors will share their experiences and accomplishments.

Along with new EDF Climate Corps hosts, new project offerings in 2014

CC-200x300Environmental Defense Fund unveiled today the first group of participating organizations to sign on for EDF Climate Corps 2014, along with a revamped list of smart energy management offerings the program will provide for them. New host organizations including Starwood Hotels & Resorts Worldwide, Dow Chemical Company and Jackson Family Wines join veteran participants like AT&T, Shorenstein Properties, PepsiCo, Caesars Entertainment and McDonald’s in choosing EDF Climate Corps as a cost-effective resource to advance organizational energy management. Read more

EDF Climate Corps Announces the First 36 Organizations to Sign Up for Energy Savings in 2013

New participants include Colgate-Palmolive, NYSE Euronext, General Motors and the City of Boston

"We will respond to the threat of climate change, knowing that the failure to do so would betray our children and future generations," the President said Monday during his second inaugural address.

As we at EDF share the same sense of urgency he describes, the EDF Climate Corps team entered 2013 more determined than ever to work with companies, cities and universities across the nation to do more with less energy, curbing pollution and saving money.

To that end, we are excited to announce today the first 36 organizations to commit to doing just that through EDF Climate Corps in 2013. About half of the organizations on this list will be first-time participants this year. The other half will be repeat participants.

New organizations include:

  1. Baxter International
  2. Boston Housing Authority
  3. Boston Medical Center
  4. Boston Public Health Commission
  5. Children's Defense Fund
  6. City of Boston
  7. Colgate-Palmolive
  8. Cytec Industries
  9. DreamWorks Animation
  10. General Motors
  11. Glendale Community College
  12. International Warehouse Logistics Association
  13. Massachusetts Port Authority
  14. Mondelez International
  15. NYSE Euronext
  16. Office Depot
  17. PepsiCo Americas Foods
  18. Sprint
  19. Town of Cary (N.C.)

Repeat organizations include:

  1. Bank of America
  2. Caesar's Entertainment
  3. CA Technologies
  4. City of Cleveland
  5. DirecTV
  6. Genzyme (a Sanofi Company)
  7. Hilex Poly
  8. Ingersoll Rand
  9. JPMorgan Chase
  10. Mack Trucks
  11. New York City Housing Authority
  12. PepsiCo Americas Beverages
  13. QTS (Quality Technology Services)
  14. Shorenstein Properties
  15. Syniverse Technologies
  16. Verizon Communications
  17. Volvo Construction Equipment

The final deadline to apply for an EDF Climate Corps fellow for this summer is February 28, 2013. There are a limited number of spots available, so interested organizations are encouraged to apply now at edfclimatecorps.org. For more information, please email info@edfclimatecorps.org.


See what past participants have to say about the program in this one-minute testimonials video

Finding Common Ground: Boeing, Facebook, Verizon and more sign up for savings

What does “the world’s leading aerospace company” have in common with “the world’s largest casino entertainment company” or “the world’s largest social network?” Probably not all that much.  But Boeing, Caesars Entertainment, Facebook, Dunkin’ Brands, JPMorganChase and Verizon have all plugged into a cost-effective, proven solution for slashing energy bills:  EDF Climate Corps.

Environmental Defense Fund announced today  the first 20 companies to hire EDF Climate Corps fellows in 2012.  Participating companies span an array of industries from food and beverage to healthcare, and financial services to telecommunications, proving that anyone can tap into the trillion-dollar opportunity of energy efficiency.  How? By hiring an EDF Climate Corps fellow for the summer.

EDF Climate Corps fellows are specially trained MBA students who work hand-in-hand with your staff to identify and prioritize energy-saving measures.  During their summer engagements, they develop customized energy efficiency investment plans that cut costs and greenhouse gas emissions.  Since the program started in 2008, EDF Climate Corps fellows have uncovered over $1 billion in energy savings for participating organizations.

Just as the companies that join EDF Climate Corps represent a variety of sectors and sizes, they also come to us at many different points on the path to comprehensive energy management.  We’ve found that even companies that have pursued aggressive efficiency campaigns benefit from the fresh perspective and enthusiasm that these students bring to their mission.

“We believe this program will help us identify areas where we can reduce our energy consumption and build greater efficiencies into our manufacturing processes while we continue to build a stronger business that supports thousands of jobs across the nation,” said Mark Daniels, VP Sustainability & Environmental Policy at Hilex Poly.

We're actively recruiting companies for EDF Climate Corps program in 2012 — join us in the hunt for energy savings!  Matching of host organizations and EDF Climate Corps fellows is already underway, so interested companies should apply now at edfclimatecorps.org. For more information, please email info@edfclimatecorps.org.

As President Obama said in last week's State of the Union address, “the easiest way to save money is to waste less energy.” I think that's something everyone can agree on, and EDF Climate Corps is a great way to make it happen.

EDF Climate Corps places specially-trained MBA and MPA students in companies, cities and universities to develop practical, actionable energy efficiency plans. Sign up to receive emails about EDF Climate Corps, including regular blog posts by our fellows. You can also visit our Facebook page or follow us on Twitter to get regular updates about this project.