The History of Kohlberg, Kravis, Roberts & Co and the Environmental Defense Fund
Kohlberg, Kravis, Roberts & Co (KKR) was founded in the mid-seventies and to begin with their specialty was in highly leveraged transactions. Pushing on, in the pursuit of making their acquisitions have less ecological impact, they have set up a novel venture which has transformed the method by which business concerns and environmental groups carry on their everyday business.
Green business practice became more generally acceptable last year when KKR’s Henry Kravis and the non-profit Environmental Defense Fund (EDF) got together. Their mission is to offer encouragement to their associated companies to tackle operations which may endanger the environment e.g. global warming as well as egregious water consumption. Eco-efficiency (a phrase initially advocated by the WBCSD) is the formula used to achieve these targets, applying green policies such as waste reduction, recycling programs and reducing the dispersion of toxic chemicals. The program was successful, even so the firms involved didn’t see the entirety of the advantages of the project until Ken Mehlman, the head of the project and global public affairs, evaluated the project subsequent to its first year in operation.
Only then did Ken Mehlman realize that practicing eco-efficiency wasn’t just protecting the environment, but additionally it was saving firms a great deal of money. Almost all of the businesses connected with Kohlberg, Kravis, Roberts & Co and Ken Mehlman nowadays actively participate in the Green Portfolio Project. When you think about the fact that this portfolio of companies has a value of nearly one hundred billion dollars, you may see what a tremendous achievement this really is.
The original program now includes new initiatives. To illustrate, KKR got together with the EDF’s Climate Corps Program a venture that instructs students taking an MBA how to encourage cost efficient, green techniques.
In recent months, Ken Mehlman has been working closely with Kohlberg, Kravis, Roberts & Co to produce metrics and analytic tools which companies can utilize to measure different resources. With this information available, businesses can evaluate all of their everyday processes and identify how they can solve any problems while simultaneously letting them to see how far they have moved on.
Today’s business world has been entirely revolutionized by the efforts of these individuals. In conclusion, these systems have made environmentally friendly business techniques not only viable, but commercially desirable, and their radical ideas are setting a new standard in the competitive business world of today.
