Kohlberg, Kravis, Roberts & Co. And the Environmental Defense Fund — Groundbreakers in Business and Ecology
Kohlberg, Kravis, Roberts & Co (KKR) was set up in the 1970’s and in the beginning the company’s focus was in highly leveraged transactions. Pushing further, aiming to make their portfolio companies and acquisitions more environmentally friendly, KKR have set up an innovative proposal that has completely transformed the way businesses and environmental agencies work. Environmentally friendly business practice became a hot topic in 2008 when KKR’s Henry Kravis and the independent Environmental Defense Fund (EDF) joined forces. Their mission is to offer encouragement to firms in opposing procedures which may destroy the environment e.g. toxic waste not to forget preposterous consumption of water resources.
In order to implement this, they apply eco-efficiency which uses techniques such as improving fuel economy through vehicle fleet maintenance, recycling programs, and using clean energy. Simple and effective, but the firms who were participating did not understand the range of the program’s advantages until the head of the project and global public affairs, Ken Mehlman, reviewed the project when it had been in operation for its first year. As if to outdo everyone’s expectations, Ken saw that this program not only increased environmental responsibility, but also increased the profits from all their business organizations besides. Well-nigh all of the firms associated with KKR and Ken Mehlman at present are actively engaged in eco-efficiency techniques. Still, with a 2009 business portfolio worth $86,000,000,000, you can be sure this was no easy feat. The Green Portfolio project is expanding to encompass new ventures. The Climate Corps Program administrated by the EDF is just one of these, it promotes eco-efficient principles to students taking a Master’s in Business Administration. KKR and Ken Mehlman have made the effort to formulate metrics and other related products which measure and oversee resources. Systems like these let staff see how they are impacting on the environment and identify any problem areas. Henry Kravis, the KKR, and the Environmental Defense Fund are true pioneers when it comes to advancing environmentally friendly business techniques. In summary, these systems have made green business practice not only viable, but commercially desirable, and their radical ideas are setting a new standard in the high-pressure business world of today.
