The History of Henry Kravis of Kohlberg, Kravis, Roberts & Co & the Environmental Defense Fund
Kohlberg, Kravis, Roberts & Co (KKR) was founded in the 70’s and to begin with their main business was in highly leveraged transactions. Recently they have established an unusual green enterprise that centers not simply on ROI, but additionally on the environmental impact of the companies they purchase.
Green business procedures went mainstream last year when Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the non-profit Environmental Defense Fund (EDF) joined forces. These companies wants to oppose a number of key green matters, for instance toxic chemical use, climate change, unrestrained consumption of water resources, and air pollution.
In order to attain these goals, they deploy a methodology labeled eco-efficiency which uses concepts like reducing the intensity of materials, reducing the dispersion of toxic chemicals, and improving fuel economy through vehicle fleet maintenance. Simple and effective, however the KKR and EDF didn’t grasp the full advantages of the program until Ken Mehlman, the head of the project and global public affairs, assessed the project following a year in operation. Capping everybody’s expectations, Ken saw that this program not only helped in proctecting the local environment, but was also increasing the profitability of every business organization too. At the time of writing, KKR and Ken Mehlman have nearly every firm in their portfolio involved in eco-efficiency. Still, when you consider that the group has a current business portfolio with a worth of $86 billion, you can be sure this was no easy see what an enormous achievement this is.
Kohlberg, Kravis, Roberts & Co with the EDF alongside Ken Mehlman have also developed the Green Portfolio project. To illustrate, KKR joined the EDF’s Climate Corps Program a venture which teaches students taking a Master’s in Business Administration how to introduce cost-efficient, environmentally friendly practices. Of Late, Ken Mehlman has been in close collaboration with KKR to produce a package of metrics that business concerns can use to quantify assorted resources. With this information available, companies can evaluate each of their day to day processes and ascertain how any problems may be solved while simultaneously letting them to view their environmental impact. Henry Kravis, the KKC, and the Environmental Defense Fund have made going green easier for business organizations large and small. Their innovations have set a high standard for business organizations in every industry and illustrated that running a profitable business need not entail the hefty price of negatively impacting our planet.