How Henry Kravis of Kohlberg, Kravis, Roberts & Co. Works alongside the Environmental Defense Fund
Kohlberg, Kravis, Roberts & Co (KKR) was set up by Henry Kravis and his business partner George Roberts in the mid 70’s with help from the First Chicago Corporation. But recently they have assembled a unique green proposal which concentrates not solely on profitability, but likewise on how ecologically aware each of their companies are.
KKR’s Henry Kravis and the independent Environmental Defense Fund (EDF) merged in 2008, with the intention of making green business practices a commonplace principle. Issues like water pollution and ecologically unsustainable consumption of water resources rank high on their list of priorities.
Eco-efficiency (a phrase first advertised by the World Business Council for Sustainable Development WBCSD) informs the framework for their mission, employing ecologically sustainable techniques like improving fuel economy through vehicle fleet maintenance, reducing the waste of resources and waste reduction. Even though the project was an enormous success, managment just didn’t understand how important the consequences truly were until Ken Mehlman, the head of the Green Portfolio Project and global public affairs, finished the first annual review.
Topping everyone’s expectations, Ken learned that the program not only assisted in proctecting the environment, but was increasing the the net profit from each and every company too. Up to now, KKR and Ken Mehlman have succeeded in getting nearly every associated business organization actively engaged in eco-efficiency. And, when you consider that the group has a 2009 business portfolio with an estimated value of $86,000,000,000, you can be sure that this was not an easy see what a huge feat this is. The initial program now includes new ventures. For example, KKR linked up with the Environmental Defense Fund’s Climate Corps Program a venture that instructs MBA students how to encourage cost-efficient, green principles.
KKR and Ken Mehlman have made the effort to create systems that will be able to administer various resources. This type of info is critical as any type of business can evaluate each of their day-to-day procedures and discover where any issues can be resolved while simultaneously allowing staff to view how green they are.
Henry Kravis, the KKC, and the Environmental Defense Fund have encouraged all sorts of businesses to decrease their ecological impact. These visionary developments have simplified the procedure for organizations in every sector and shown that making profits need not entail the hefty price of negatively impacting our planet.
