Submitted by: World Environment Center
Posted: Oct 10, 2007 – 12:29 PM EST
Oct. 10 /CSRwire/ - WASHINGTON D.C.- October 10, 2007 - The World Environment Center (WEC) announced today that William K, Reilly, former Environmental Protection Agency Administrator and Senior Advisor to TPG Capital, and Fred Krupp, President of Environmental Defense, will jointly speak on "The Role of Private Equity Firms and Environmental Decision Making" at the National Press Club on October 15, 2007 from 3:00—5:00 p.m. Both individuals will address WEC's Washington Sustainability Forum, a non-profit discussion platform for advancing sustainable development among leaders of government, business, non-governmental organizations and other stakeholders.
As global environmental leaders, Mr. Reilly and Mr. Krupp are increasingly shaping the public debate over the role, responsibility and value of private equity sources of capital in acquisition and other investment decisions that have environmental and broader societal impacts. They played an instrumental role in the recent acquisition of TXU (Texas Utilities, Texas' largest electricity provider) by Kohlberg Kravis Roberts and Co. and TPG Capital in the historic decision to make far-reaching environmental commitments a major element of the purchase conditions. This is the first time Messrs. Reilly and Krupp will be speaking publicly in Washington about the TXU deal.
"Bill Reilly and Fred Krupp are two of the world's most influential voices reshaping the dialogue and redefining the rules by which business, environmental organizations and government are advancing sustainable development," stated Terry F. Yosie, WEC's President & CEO. "Their views make a difference in global capital markets and will impact future investment decisions."
Sponsorship of the Washington Sustainability Forum is provided by The Dow Chemical Company.
About the World Environment Center: WEC is an independent, non-profit, non-advocacy organization whose mission is to advance sustainable development through the business practices of its member companies in partnership with government and other stakeholders. WEC's activities and operations are global in scope, and it is unique in providing direct, on-the-ground support to companies to improve their performance, and that of their business partners, across the value chain.
About Dow: Dow is a diversified chemical company that harnesses the power of innovation, science and technology to constantly improve what is essential to human progress. The Company offers a broad range of products and services to customers in more than 175 countries, helping them to provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products. Built on a commitment to its principles of sustainability, Dow has annual sales of $49 billion and employs 49,000 people worldwide.
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