Henry Kravis of Kohlberg, Kravis, Roberts & Co. And the Environmental Defense Fund – Trendsetters in Business and Protecting the Planet
Kohlberg, Kravis, Roberts & Co (KKR) was founded in the mid 70’s and initially the company’s focus was in ‘bootstrap’ buyouts. But only last year they have assembled a remarkable project that concentrates not simply on how much money they can produce, but in addition on the environmental impact of the companies they purchase.
Green business procedures became major discussion topic in 2008 when Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the non-profit Environmental Defense Fund (EDF) merged. Key environmental matters like toxic waste and inordinate consumption of water resources rank high on their list of priorities.
In order to accomplish this, they apply eco-efficiency which makes use of techniques like increasing the durability of products, using clean energy, and waste reduction. Effective though it was the management did not even understand the scope of the program’s benefits until the head of the program and global public affairs, Ken Mehlman, assessed the program following its first year in operation.
Only at that point did Ken find out that eco-efficiency wasn’t only lessening ecological impact, but additionally it was helping to save business concerns a remarkable sum of money. Up to now, Kohlberg, Kravis, Roberts & Co and Ken Mehlman have nearly every associated organization actively participating in the Green Portfolio Project. Considering that this portfolio of companies is worth 86,000,000,000 dollars, you may be certain that this was not an easy feat. The initial program has evolved beyond its basic purpose and today encompasses new enterprises. For instance, KKR joined the Environmental Defense Fund’s Climate Corps Program a venture that instructs MBA interns how to introduce cost efficient, ecologically friendly techniques.
KKR and Ken Mehlman have been creating a series of metrics and analytical tools that can evaluate and administer resources. Tools such as these permit staff see how they are progressing and identify any underlying problems.
Henry Kravis, the KKC, and the Environmental Defense Fund have encouraged all sorts of businesses to decrease their environmental impact. So, in conclusion, these systems have made green business techniques not only viable, but commercially desirable, and their radical ideas are setting a new standard in the business world of today.
