Business and Ecology – Henry Kravis of Kohlberg, Kravis, Roberts & Co. And the Environmental Defense Fund
Kohlberg, Kravis, Roberts & Co (KKR) was set up by Henry Kravis and his partner George Roberts in the mid-seventies with some assistance from the First Chicago Corporation. However, in the pursuit of making the businesses in their portfolio more environmentally aware, they have set up an exceptional proposal that has dramatically transformed the method by which businesses and environmental groups carry on their everyday business. Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the New York based Environmental Defense Fund (EDF) merged a year ago, hoping to make environmentally aware business practice a widely accepted concept. Their corporate mission is to encourage their associated businesses to tackle environmental threats like climate change not to forget disproportionate water consumption.
Eco-efficiency (a phrase initially advertised by the World Business Council for Sustainable Development) informs the framework for their mission, through employing techniques such as fuel economy, reducing the waste of resources and reducing the dispersion of toxic chemicals. Even though the program was an enormous success, staff just didn’t realize how significant the consequences really were until Ken Mehlman, the head of the program and global public affairs, analyzed the first year’s figures.
Much to everyone’s surprise, Ken saw that this program not only increased environmental responsibility, but also increased the the profit from each business organization as well. Almost all of the commercial concerns held by KKR and Ken Mehlman now actively participate in the Green Portfolio Project. And, with a current portfolio worth $86 billion, you may be sure that this was no easy accomplishment.
The original project has evolved far beyond its basic purpose and at present includes new ventures. For instance, Kohlberg, Kravis, Roberts & Co got together with the Environmental Defense Fund’s Climate Corps Program an organization that instructs MBA interns how to put together and start cost-effective, earth friendly practices. KKR and Ken Mehlman have taken the time to create systems that have the ability to measure and administer resources. These metrics let a company to measure their progress and discover any problem areas.
Henry Kravis, the KKR, and the Environmental Defense Fund are genuine groundbreakers when it comes to encouraging environmentally friendly business techniques. These unique concepts have set a high standard for organizations in every sector and illustrated that making profits need not entail the hefty price of damaging the environment.
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