How Henry Kravis of Kohlberg, Kravis, Roberts & Co. Works with the Environmental Defense Fund
Kohlberg, Kravis, Roberts & Co (KKR) was founded by Henry Kravis and George Roberts in the 70’s with some assistance from the First Chicago Corporation. But aiming to make their portfolio of companies greener, they have rolled out a unique green project that has totally transformed the way business concerns and environmental groups operate.
When Henry Kravis from KKR and the Environmental Defense Fund (EDF) got together a year ago green matters in the business community became a hot topic. Big issues like toxic chemical use and imprudent water consumption feature high on their list of priorities. To achieve this, they utilize a formula labeled eco-efficiency, this involves techniques such as waste reduction, increasing the durability of products, and recycling programs. Irrespective of the fact that the project was an enormous success, no-one recognized how extensive the consequences were until Ken Mehlman, the head of the program and global public affairs, finished the first annual review. Only then did Ken Mehlman discover that applying eco-efficiency wasn’t merely preserving the environment, but additionally it was helping to save firms a large sum of money. Well-nigh all of the companies affiliated to Kohlberg, Kravis, Roberts & Co and Ken Mehlman now use eco-efficiency. Still, with a current portfolio valued at 86 billion USD, you can be certain this wasn’t a simple see what a tremendous accomplishment this is. The Green Portfolio project is expanding to include new ventures. For example, KKR joined the Environmental Defense Fund’s Climate Corps Program a venture which teaches MBA students how to put together and introduce cost effective, earth friendly principles. KKR and Ken Mehlman have been developing a variety of products which manage various resources. With this information available, any business can assess all of their day-to-day procedures and identify precisely how they can solve any problems while simultaneously allowing them to discover their environmental impact.
Henry Kravis, the KKC, and the Environmental Defense Fund have made going green less painful for companies in every sector. So, to summarize, the work of these organizations has 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.
