Kohlberg, Kravis, Roberts & Co (KKR) was founded by Henry Kravis and his partner George Roberts in the mid seventies with some support from the First Chicago Corporation. However, hoping to make the companies they acquire have less of a negative ecological impact, KKR have set in motion an unusual green enterprise which has changed the way businesses and environmental activists work forever.
KKR’s Henry Kravis and the independent Environmental Defense Fund (EDF) got together a year ago, hoping to make environmentally friendly business practice a widely accepted principle. Their mission is to offer encouragement to firms to resolve environmental menaces e.g. climate change and any exorbitant water consumption.
To follow through with this, they deploy a procedure termed eco-efficiency, this uses concepts such as reducing the intensity of materials, optimizing data centers for efficiency, and recycling programs. Impressive though it was the businesses who were participating did not grasp the totality of the project’s advantages until the head of the Green Portfolio Project and global public affairs, Ken Mehlman, studied the project subsequent to its first year in operation.
Exceeding all expectations, Ken discovered that this program not only raised environmental responsibility, but was also increasing the profitability of all their companies too. Well-nigh all of the commercial organizations owned by Kohlberg, Kravis, Roberts & Co and Ken Mehlman nowadays apply eco-efficiency. And, when you consider that the group has a 2009 portfolio with a value of 86,000,000,000 USD, you may be certain this was no easy feat. The initial project has evolved beyond its basic purpose and now includes new opportunities. The Climate Corps Program founded by the EDF is one of these, it promotes eco-efficient principles to MBA interns.
KKR and Ken Mehlman have been creating a package of systems which will be able to quantify and oversee various resources. With this information available, companies can assess each of their everyday activities and identify exactly how any issues can be resolved while at the same time seeing their progress.
The business world has been altered permanently by the pioneering work of these individuals. So, to summarize, these systems have made environmentally friendly business techniques not only viable, but commercially desirable, and their revolutionary ideas are setting a new standard in the business world of today.