Kohlberg, Kravis, Roberts & Co (KKR) was set up by Henry Kravis and George Roberts in the mid seventies with the support of the First Chicago Corporation. Recently they have put together an unusual green enterprise which centers not solely on ROI, but likewise on how environmentally aware each of the companies in their portfolio currently are. When Henry Kravis from KKR and the non-profit Environmental Defense Fund (EDF) merged a year ago environmental issues suddenly turned into a mainstream idea. Their goals include encouraging businesses to tackle operations which may threaten the environment like climate change not to forget any unconscionable consumption of water resources. In order to implement this, they apply a method termed eco-efficiency which uses concepts like reducing the intensity of materials, reducing the dispersion of toxic chemicals, and increasing the durability of products. Even though the program was an enormous success, no-one realized how fantastic the effects were until Ken Mehlman, the head of the project and global public affairs, looked over the first year’s figures.
Knocking off everybody’s expectations, Ken found that this program not only raised environmental responsibility, but was also increasing the profits from all their business organizations besides. These days, KKR and Ken Mehlman have managed to get virtually all of their firms actively engaged in eco-efficiency. Considering that the portfolio has a net worth of virtually $100 billion dollars, you can see what a massive accomplishment this really is. Kohlberg, Kravis, Roberts & Co with the EDF with the assistance of Ken Mehlman are expanding the initial project. For example, Kohlberg, Kravis, Roberts & Co got together with the Environmental Defense Fund’s Climate Corps Program that teaches MBA students how to introduce cost efficient, green principles.
What is more, Ken Mehlman has been in close collaboration with Kohlberg, Kravis, Roberts & Co to develop a series of metrics and analytical tools that companies can use to measure and manipulate resources. This type of information is crucial as any business may without very much effort evaluate their daily operations and identify precisely how any issues may be resolved while at the same time allowing staff to discover how far they have advanced. Henry Kravis, the KKR, and the Environmental Defense Fund truly are innovators in the business community. In conclusion, these systems have made ecologically friendly business practice not only viable, but commercially desirable, and their novel ideas are setting a new standard in today’s world.
