Kohlberg, Kravis, Roberts & Co (KKR) was established in the mid-seventies and to begin with the company’s main business was in leveraged buyouts. However, they have established a groundbreaking green project which centers not only on how profitable an enterprise is, but additionally on how environmentally friendly each of their companies are.
Environmentally aware business practices became more widely acknowledged a year ago when KKR’s Henry Kravis and the the Environmental Defense Fund (EDF) got together. The coalition wanted to help resolve many critical matters hurting the environment, which include resource depletion, deforestation, preposterous water consumption, and hazardous chemicals.
Eco-efficiency (the phrase was initially introduced by the WBCSD) is the procedure used to achieve these targets, through employing ecologically aware techniques like improving fuel economy through vehicle fleet maintenance, waste reduction and using clean energy. The project was well received, even so the KKR and EDF didn’t realize the entirety of the project’s advantages until the head of the program and global public affairs, Ken Mehlman, studied the project following a full year in operation. Only at that point did Ken realize that using eco-efficiency wasn’t only helping to maintain the environment, but it was also saving companies a great deal of money. Nearly all of the firms affiliated to Kohlberg, Kravis, Roberts & Co and Ken Mehlman today use eco-efficiency. If you think about the fact that the entire portfolio is worth almost $100,000,000,000 dollars, you can imagine what a feat this really was. KKR and the EDF with the assistance of Ken Mehlman are expanding the original Green Portfolio project. The Climate Corps Program established by the Environmental Defense Fund is one of these projects, it advances eco-efficient business principles to MBA interns. Recently, Ken Mehlman has been in close collaboration with KKR to formulate a series of metrics and analytic tools that firms can use to evaluate and manage resources. These tools can evaluate a company’s progress and identify any problem areas.
Henry Kravis, the KKR, and the Environmental Defense Fund truly are groundbreakers when it comes ecologically friendly business techniques. Their innovative ideas have made cutting back their ecological impact simpler for business organizations in every sector and shown that running a profitable business need not entail the hefty price of damaging the environment.