Kohlberg, Kravis, Roberts & Co (KKR) was established by Henry Kravis and his partner George Roberts in the 1970’s with the help of the First Chicago Corporation. Recently they have set up a novel green proposal that focuses not alone on profitability, but likewise on how ecologically aware each of the enterprises in their portfolio are.
Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the the Environmental Defense Fund (EDF) merged a year ago, hoping to make green business practice a widespread principle. Their goals include encouraging their associated companies in avoiding environmental menaces like toxic chemicals as well as unreasonable consumption of water resources. In order to achieve this, they deploy eco-efficiency which involves concepts such as increasing the durability of products, improving fuel economy through vehicle fleet maintenance, and using clean energy. Although the program was an enormous success, staff simply did not realize how fantastic the results were until Ken Mehlman, the head of the program and global public affairs, carried out the review of the first year.
Surpassing all expectations, Ken discovered that this program not only assisted in proctecting the environment, but also increased the the net profit from each business organization too. Well-nigh all of the companies associated with KKR and Ken Mehlman today are involved in eco-efficiency principles. And, when you consider that the group has a current business portfolio valued at $86 billion, you can be sure this was no easy feat. Kohlberg, Kravis, Roberts & Co with the Environmental Defense Fund with the help of Ken Mehlman are extending the initial program. For instance, Kohlberg, Kravis, Roberts & Co linked up with the Environmental Defense Fund’s Climate Corps Program a venture that instructs MBA students how to design and start cost-effective, green practices.
KKR and Ken Mehlman have been developing analytic tools which can quantify and oversee various resources. This type of data is critical as businesses may without very much effort measure their day-to-day activities and identify how they can solve any problems while simultaneously letting staff to determine their ecological impact. Henry Kravis, the KKC, and the Environmental Defense Fund have encouraged all sorts of businesses to go green. These fresh concepts have made going green less complicated for firms in any industry and proved that running a profitable business need not entail the hefty price of damaging the environment.
