How Henry Kravis of Kohlberg, Kravis, Roberts & Co. Works with the Environmental Defense Fund
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. However, they have assembled an extraordinary venture which centers not solely on maximum profit margins, but also on the environmental impact of the companies they invest in.
Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the independent Environmental Defense Fund (EDF) got together last year, hoping to make environmentally sound business practice a mainstream concept. Their corporate mission is to offer encouragement to companies in avoiding procedures which may threaten the environment e.g. water pollution not to forget any excessive water consumption.
Eco-efficiency (a phrase first advocated by the World Business Council for Sustainable Development) is the routine used to achieve these objectives, by using policies like optimizing data centers for efficiency, recycling programs and increasing the durability of products. The project was well received, but the KKR and EDF didn’t grasp the range of the program’s benefits until the head of the Green Portfolio Project and global public affairs, Ken Mehlman, reviewed the program when it had been functioning for its first year. Much to everyone’s surprise, Ken discovered that utilizing eco-efficiency not only enhanced environmental responsibility, but was increasing the profitability of all their companies besides. Nearly all of the businesses affiliated to Kohlberg, Kravis, Roberts & Co and Ken Mehlman now utilize eco-efficiency. Nevertheless, with a current portfolio worth 86,000,000,000 dollars, you may be certain that this was not a simple feat. The original Green Portfolio project has evolved far beyond its primary purpose and now encompasses new opportunities. The Climate Corps Program set up by the EDF is a great illustration of this, it heightens awareness of cost effective, planet friendly procedures to MBA interns. KKR and Ken Mehlman have been formulating a variety of analytical tools and other related systems which can administer resources. This type of data is critical as businesses may easily analyze each of their day to day operations and identify where they can resolve any issues while simultaneously permitting them to view their ecological impact. Henry Kravis, the KKC, and the Environmental Defense Fund have encouraged all sorts of businesses to become more environmentally friendly. In summary, these systems have made green business practice not only viable, but commercially desirable, and their novel ideas are setting a new standard in the competitive business world of today.
