Kohlberg, Kravis, Roberts & Co (KKR) was established in 1976 and initially their specialty was in ‘bootstrap’ buyouts. Recently they have set up a unique project that focuses not merely on profitability, but in addition on how environmentally friendly each of the businesses in their portfolio currently are. When Henry Kravis from KKR and the Environmental Defense Fund (EDF) joined forces in 2008 environmental issues in the business world became major discussion topic. Pivotal green issues like climate change and unbounded consumption of water resources are high on their agenda. Eco-efficiency (the phrase was originally coined by the WBCSD) is the procedure deployed to achieve these goals, through employing green policies such as maximum use of renewable resources, reducing the dispersion of toxic chemicals and recycling programs. Regardless of the fact that the project was a tremendous success, staff simply did not realize how important the results actually were until Ken Mehlman, the head of the project and global public affairs, carried out the first annual review.
Ken Mehlman saw that practicing eco-efficiency was not simply protecting the local environment, but additionally it was saving businesses a significant amount of money, and so the program turned into virtually an immediate hit. Up to now, KKR and Ken Mehlman have virtually each and every firm in their portfolio actively participating in the Green Portfolio Project. When you look at the fact that this portfolio of business concerns has a value of 86 billion USD, you can imagine what a feat this actually was. The two groups with the assistance of Ken Mehlman are further expanding the original program. The Climate Corps Program administered by the EDF is just one of these, it advances earth friendly principles to interns taking a Master’s in Business Administration.
KKR and Ken Mehlman have been creating analytical tools that evaluate and oversee resources. Products such as these can evaluate an organization’s progress and discover any underlying problems. Today’s business community has been changed permanently by the environmentally focused efforts of these groups. These developments have simplified the process for business organizations in every sector and established that running a profitable business need not entail the hefty price of negatively impacting our planet.
Click here and visit this terrific site for Henry Kravis clues.
