Kohlberg, Kravis, Roberts & Co (KKR) was established by Henry Kravis and George Roberts in the mid-seventies with the support of the First Chicago Corporation. Lately, however, hoping to make their portfolio of companies have less of a negative environmental impact, KKR have set in motion a remarkable green enterprise that has totally changed the method by which businesses and environmental agencies carry on their everyday business. Environmentally aware business procedures became a hot topic last year when Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the non-profit environmental advocacy group Environmental Defense Fund (EDF) got together. Serious matters like deforestation and enormous consumption of water resources are an important part of their company mission.
Eco-efficiency (a phrase first advocated by the World Business Council for Sustainable Development WBCSD) embodies their mission’s framework, through employing green techniques such as improving fuel economy through vehicle fleet maintenance, recycling programs and waste reduction. Simple and effective, nevertheless the KKR and EDF didn’t grasp the entirety of the project’s benefits until Ken Mehlman, the head of the project and global public affairs, assessed the project when it had been functioning for its first 12 months.
Only at that point did Ken Mehlman find out that applying eco-efficiency was not merely reducing their impact on the environment, but it was also helping to save business concerns a great deal of money. Nearly all of the business organizations affiliated to Kohlberg, Kravis, Roberts & Co and Ken Mehlman nowadays are actively taking part in the project. Still, with a current portfolio worth 86,000,000,000 USD, you may be certain that this was no easy feat.
The original Green Portfolio project now encompasses new enterprises. The Climate Corps Program administrated by the EDF is just one of these, it campaigns for cost-effective, earth friendly techniques to interns studying for an MBA. KKR and Ken Mehlman have been formulating systems which can manipulate resources. These systems can evaluate a company’s progress and discover any problem areas. The business community has been altogether changed by the work of Henry Kravis, the KKC, and the Environmental Defense Fund. So, to summarize, the work of these organizations has made environmentally friendly business techniques not only viable, but commercially desirable, and their novel ideas are setting a new standard in today’s business community.
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