Environmental Defense Fund and The Carlyle Group, Washington, D.C., USA

Typically, nongovernmental organizations and global private investment firms rarely form partnerships to help manage their project portfolios. This article discusses the unlikely alliance when a large private equity firm with nearly US$100 billion of assets under management collaborated with a nongovernmental organization on an IT project. In doing so, it identifies the project's scope: create a screening tool called the EcoValuScreen to assess environmental opportunities in newly purchased companies that would drive long-term business value. It also discusses how the organizations identified opportunities to improve efficiencies, reduce costs, and minimize environmental impact assessment. The first application to a nutritional supplement manufacturer is also highlighted.
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