Kohlberg, Kravis, Roberts & Co (KKR) was set up in the mid-seventies and in those days the company’s focus was in ‘bootstrap’ buyouts. However, they have put together a groundbreaking green project which concentrates not alone on how much money they can make, but likewise on how environmentally aware each of their companies are.
When Henry Kravis from KKR and the Environmental Defense Fund (EDF) got together in 2008 environmental issues all of a sudden turned into a mainstream idea. Their goals include encouraging their affiliated businesses to avoid practices which may harm the environment like air pollution and any preposterous consumption of water resources.
Eco-efficiency (the term was first coined by the World Business Council for Sustainable Development) informs their mission’s framework, by utilizing ecologically sustainable techniques like recycling programs, using clean energy and waste reduction. The project was a great success, but the businesses who were involved didn’t grasp the scope of the advantages of the project until the man in charge of the program, Ken Mehlman, studied the project when it had been functioning for its first twelve months. Much to everybody’s surprise, Ken learned that utilizing eco-efficiency not only raised environmental awareness, but also increased the profits from all their business organizations besides. Virtually all of the firms affiliated to Kohlberg, Kravis, Roberts & Co and Ken Mehlman at present apply eco-efficiency. Nevertheless, when you consider that the group has a 2009 portfolio estimated at 86,000,000,000 dollars, you may be certain this was no easy see what an enormous feat this is.
The original Green Portfolio project now encompasses new opportunities. To illustrate, Kohlberg, Kravis, Roberts & Co linked up with the EDF’s Climate Corps Program a venture that teaches MBA interns how to encourage cost-efficient, green principles.
Moreover, Ken Mehlman has been in close collaboration with KKR to formulate a variety of metrics and analytical tools that businesses can use to measure assorted resources. With this information available, businesses may without a lot of effort evaluate their day-to-day operations and identify where they can solve any problems while simultaneously permitting them to discover their impact on the planet. Henry Kravis, the KKR, and the Environmental Defense Fund truly are visionaries in the world of green business. So, in conclusion, the work of these organizations has made environmentally friendly business practice not only viable, but commercially desirable, and their novel ideas are setting a new standard in today’s business community.
