The History of Kohlberg, Kravis, Roberts & Co & 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 put together a groundbreaking proposal which concentrates not simply on how much profit they can make, but also on how ecologically friendly each of the corporate entities in their portfolio currently are.
When Henry Kravis from KKR and the Environmental Defense Fund (EDF) joined forces only a year ago green issues went mainstream. Their company mission is to encourage firms in opposing procedures which may destroy the environment e.g. resource depletion and any reckless consumption of water resources.
Eco-efficiency (the phrase was originally propagated by the WBCSD) is the procedure deployed to achieve these objectives, by applying policies such as increasing the durability of products, reducing the dispersion of toxic chemicals and maximum use of renewable resources. Regardless of the fact that the project was a tremendous success, people simply didn’t recognize how incredible the results actually were until Ken Mehlman, the executive responsible for the Green Portfolio Project, carried out the first annual review. Much to everyone’s surprise, Ken learned that utilizing eco-efficiency not only assisted in proctecting the environment, but also increased the profits from each company besides. Well-nigh all of the companies held by Kohlberg, Kravis, Roberts & Co and Ken Mehlman now are participating in eco-efficiency techniques. Yet, when you consider that the group has a 2009 business portfolio with a worth of $86 billion, you may be certain that this was no easy accomplishment. The initial program has now expanded to include new opportunities. The Climate Corps Program founded by the Environmental Defense Fund is just one of these initiatives, it advances cost-efficient, ecologically friendly techniques to interns studying for an MBA.
KKR and Ken Mehlman have been creating metrics which can quantify and administer resources. This type of information is crucial as companies may without much effort assess each of their day to day processes and find out how any problems may be solved while simultaneously permitting them to see how far they have progressed. Henry Kravis, the KKR, and the Environmental Defense Fund are groundbreakers when it comes to developing ecologically friendly business techniques. So, to summarize, the work of these organizations has made green business techniques not only viable, but commercially desirable, and their novel ideas are setting a new standard in the high-pressure business world of today.