Kohlberg, Kravis, Roberts & Co. And the Environmental Defense Fund: Trendsetters in Environmentally Sound Business
Kohlberg, Kravis, Roberts & Co (KKR) was launched by Henry Kravis and George Roberts in 1976 with the help of the First Chicago Corporation. Moving further, in an extraordinary effort to make their acquisitions greener, they have established a unique proposal which has fundamentally changed the way business concerns and environmental activists function.
When Henry Kravis from KKR and the Environmental Defense Fund (EDF) got together in 2008 green issues went mainstream. These companies intended to fight fundamental matters impeding the environment, for example hazardous waste, depletion of the ozone layer, extravagant water consumption, and toxic waste.
To accomplish these goals, they utilize a technique termed eco-efficiency which involves concepts like increasing the durability of products, recycling programs, and fuel economy. Although the program was a huge success, no-one realized how fantastic the results were until Ken Mehlman, the head of the project and global public affairs, carried out the review of the first 12 months. Much to everyone’s surprise, Ken saw that applying eco-efficiency not only served in proctecting the environment, but also increased the the profit from all their businesses as well. Nearly all of the companies affiliated to KKR and Ken Mehlman nowadays take part in the Green Portfolio Project. Still, when you consider that the group has a current business portfolio worth 86,000,000,000 USD, you may be certain that this was not a simple see what an enormous feat this is.
The original Green Portfolio project now includes new and innovative initiatives. For instance, KKR linked up with the Environmental Defense Fund’s Climate Corps Program a venture that teaches interns taking an MBA how to introduce financially strong, green principles. KKR and Ken Mehlman have been developing a package of products which can quantify and manage resources. With this information available, any type of business may without a lot of effort measure their day-to-day procedures and identify precisely how any issues may be resolved while at the same time letting staff to view how much they have advanced.
Henry Kravis, the KKR, and the Environmental Defense Fund truly are innovators in the world of green business. Their fresh developments have simplified the procedure for companies in any sector and demonstrated to the world that running a profitable business need not entail the hefty price of damaging the environment.
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