How Kohlberg, Kravis, Roberts & Co. Works alongside the Environmental Defense Fund
Friday, March 5th, 2010Kohlberg, Kravis, Roberts & Co (KKR) was founded by Henry Kravis and his partner George Roberts in the seventies with some assistance from the First Chicago Corporation. Moving further, aiming to make their portfolio of companies more environmentally aware, KKR have set up a novel enterprise which has fundamentally transformed the method by which businesses and environmental groups operate. Environmentally sound business practice went mainstream in 2008 when KKR’s Henry Kravis and the the Environmental Defense Fund (EDF) got together. Their mission is to encourage their affiliated businesses to avoid environmental threats like hazardous emissions not to forget any imprudent water consumption.
Eco-efficiency (the term was initially introduced by the World Business Council for Sustainable Development WBCSD) is the method applied to achieve these objectives, by applying policies like recycling programs, maximum use of renewable resources and improving fuel economy through vehicle fleet maintenance. Although the project was an enormous success, no-one realized how extensive the results actually were until Ken Mehlman, the head of the project and global public affairs, reviewed the profits for the first year. Only then did Ken notice that the Green Portfolio Project wasn’t simply helping to conserve the local environment, but it was also saving firms a remarkable sum of money. To date, KKR and Ken Mehlman have succeeded in getting almost every associated organization participating in the Green Portfolio Project. Seeing that the group has a net worth of $86,000,000,000, you can see what an achievement this actually is. Kohlberg, Kravis, Roberts & Co with the Environmental Defense Fund in association with Ken Mehlman are developing the original program. The Climate Corps Program founded by the EDF is just one of these projects, it promotes eco-efficient business principles to students studying for a Master’s in Business Administration.
Of Late, Ken Mehlman has been in close collaboration with Kohlberg, Kravis, Roberts & Co to formulate metrics which business concerns can utilize to evaluate and oversee resources. With this information available, businesses may without very much effort analyze each of their day-to-day activities and ascertain how they can improve while simultaneously letting them to discover their ecological impact.
Henry Kravis, the KKR, and the Environmental Defense Fund are true visionaries when it comes to developing green business techniques. These innovations have simplified the process for companies in any sector and proved that running a profitable business need not entail the hefty price of negatively impacting our planet.