Ecologically Aware Business: Henry Kravis of Kohlberg, Kravis, Roberts & Co. And the Environmental Defense Fund
Originally, when Henry Kravis and George Roberts launched Kohlberg, Kravis, Roberts & Co (KKR) in the 1970’s with some help from the First Chicago Corporation, the company’s specialization was in bootstrap buyouts. But they have established a unique green enterprise that focuses not alone on how lucrative a company is, but additionally on how environmentally aware each of their companies are. When Henry Kravis from KKR and the Environmental Defense Fund (EDF) got together last year environmental matters went mainstream. They intended to fight a number of important environmental matters, such as air pollution, deforestation, immeasurable water consumption, and water pollution. Eco-efficiency (the phrase was initially coined by the World Business Council for Sustainable Development WBCSD) is the technique deployed to achieve these objectives, utilizing environmentally friendly techniques like fuel economy, recycling programs and reducing the dispersion of toxic chemicals. Even though the project was an enormous success, managment just did not recognize how incredible the consequences were until Ken Mehlman, the head of the Green Portfolio Project and global public affairs, examined the first year’s profits. Outmatching everybody’s expectations, Ken discovered that practicing eco-efficiency not only enhanced environmental responsibility, but was increasing the profitability of each and every company besides. Currently, KKR and Ken Mehlman have well-nigh every associated company actively taking part in eco-efficiency. If you consider that this group of companies is valued at nearly one hundred billion USD, you can see what an enormous accomplishment this actually was.
KKR with the Environmental Defense Fund alongside Ken Mehlman are expanding the Green Portfolio project. To illustrate, KKR got together with the Environmental Defense Fund’s Climate Corps Program that instructs MBA interns how to encourage cost-efficient, green principles. In addition, Ken Mehlman has been cooperating closely with Kohlberg, Kravis, Roberts & Co to create a series of metrics that business organizations can employ to measure and manage a number of resources. Systems such as these can track a company’s progress and discover any underlying problems. Today’s business community has been changed permanently by the efforts of Henry Kravis, the KKC, and the Environmental Defense Fund. So, to summarize, the work of these organizations has made ecologically friendly business techniques not only viable, but commercially desirable, and their revolutionary ideas are setting a new standard in the high-pressure business world of today.
