How Kohlberg, Kravis, Roberts & Co. Works in Conjunction with the Environmental Defense Fund
Kohlberg, Kravis, Roberts & Co (KKR) was set up by Henry Kravis and George Roberts in the 1970’s with the assistance of the First Chicago Corporation. However, in the hope of making the businesses in their portfolio more ecologically aware, they have rolled out a unique green enterprise which has totally changed the method by which businesses and environmental groups work in a big way. Environmentally friendly business practice became major topic of dicussion a year ago when KKR’s Henry Kravis and the independent Environmental Defense Fund (EDF) joined forces. Key environmental issues like greenhouse gas emissions and reckless water consumption are an important part of their corporate mission. Eco-efficiency (a term initially advertised by the WBCSD) represents the framework for their mission, by utilizing green techniques like maximum use of renewable resources, improving fuel economy through vehicle fleet maintenance and recycling programs. The program was successful, even so the management did not understand the scope of the project’s benefits until the person responsible for the Green Portfolio Project, Ken Mehlman, studied the program when it had been up and running for its first 12 months. Only then did Ken learn that eco-efficiency was not just helping the environment, but in addition it was saving business concerns a considerable amount of money, and consequently the program was almost an instant success. Up to now, Kohlberg, Kravis, Roberts & Co and Ken Mehlman have succeeded in getting well-nigh each and every business in their portfolio engaged in eco-efficiency techniques. Seeing that this portfolio of companies is worth nearly $100,000,000,000 dollars, you can imagine what an accomplishment this actually is. The initial program is expanding to include new enterprises. To illustrate, Kohlberg, Kravis, Roberts & Co got together with the EDF’s Climate Corps Program a venture that instructs MBA students how to design and initiate cost efficient, green techniques.
Furthermore, Ken Mehlman has been cooperating closely with Kohlberg, Kravis, Roberts & Co to create analytical tools that businesses can use to measure and administer resources. This type of info is invaluable as businesses can measure their everyday operations and ascertain where any problems can be solved while simultaneously seeing their progress. Today’s business community has been changed forever by the efforts of these individuals. So, to summarize, these systems have made green business techniques not only viable, but commercially desirable, and their revolutionary ideas are setting a new standard in today’s business community.
