Kohlberg, Kravis, Roberts & Co. And the Environmental Defense Fund — Establishing Leadership in Green Business
In the beginning, when Henry Kravis and his business partner George Roberts launched Kohlberg, Kravis, Roberts & Co (KKR) in the 70’s with help from the First Chicago Corporation, their focus was in highly leveraged transactions. Recently they have established an exceptional green enterprise which centers not only on how much money they can produce, but in addition on how environmentally aware each of their companies are. Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the the Environmental Defense Fund (EDF) joined forces in 2008, with the mission of making environmentally sound business practices an accepted concept. Their goals include encouraging businesses in avoiding environmental threats e.g. global warming not to forget any steep consumption of water resources.
In order to attain this, they utilize eco-efficiency; this uses practical techniques like recycling programs, improving fuel economy through vehicle fleet maintenance, and reducing the dispersion of toxic chemicals. Successful though it was the KKR and EDF didn’t understand the range of the project’s advantages until the head of the project and global public affairs, Ken Mehlman, evaluated the project when it had been up and running for a year. Only then did Ken Mehlman notice that using eco-efficiency was not merely helping to maintain the environment, but it was also helping to save a diverse range of businesses a considerable amount of money, and consequently the Green Portfolio project turned into virtually an instant success. Just about all of the businesses affiliated to KKR and Ken Mehlman now utilize eco-efficiency. However, when you consider that the group has a current business portfolio valued at 86,000,000,000 USD, you may be sure this wasn’t an easy feat. The initial program has grown beyond its primary remit and at present encompasses new and groundbreaking initiatives. The Climate Corps Program established by the EDF is just one of these, it advances cost-effective, green techniques to interns taking an MBA.
Moreover, Ken Mehlman has been in close collaboration with KKR to create products which firms can employ to quantify and oversee resources. Tools such as these let employees to evaluate their progress and discover any practices which might need improving.
Henry Kravis, the KKR, and the Environmental Defense Fund are genuine trailblazers when it comes ecologically sound business development. In conclusion, the work of these organizations has made green business practice not only viable, but commercially desirable, and their novel ideas are setting a new standard in the business world of today.
