Business and Eco-Efficiency: Henry Kravis of Kohlberg, Kravis, Roberts & Co. And the Environmental Defense Fund
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Kohlberg, Kravis, Roberts & Co (KKR) was established by Henry Kravis and George Roberts in 1976 with assistance from the First Chicago Corporation. But they have put together an innovative green project that focuses not solely on ramping up their respective profit margins, but also on how environmentally aware each of the corporate entities in their portfolio are.
Environmentally friendly business processes went mainstream in 2008 when KKR’s Henry Kravis and the non-profit environmental advocacy group Environmental Defense Fund (EDF) got together. They wants to campaign against key issues damaging the environment, such as toxic chemicals, resource depletion, enormous consumption of water resources, and climate change.
To accomplish this, they deploy eco-efficiency which uses concepts like reducing the waste of resources, using clean energy, and increasing the durability of products. Simple and effective, but the KKR and EDF didn’t even understand the scope of the project’s advantages until Ken Mehlman, the head of the program and global public affairs, studied the project following its first year in operation. Factually beating everybody’s expectations, Ken discovered that practicing eco-efficiency not only served in proctecting the environment, but also increased the profits from all their companies as well. To date, KKR and Ken Mehlman have nearly each and every firm in their portfolio taking part in the Green Portfolio Project. Considering that the portfolio has a net worth of $86,000,000,000, you can see what a challenge this really is.
The Green Portfolio project now encompasses new opportunities. The Climate Corps Program administered by the EDF is just one of these ventures, it campaigns for earth friendly principles to MBA interns. In recent months, Ken Mehlman has been cooperating closely with Kohlberg, Kravis, Roberts & Co to formulate metrics which business organizations can use to quantify and oversee various resources. These products can measure a company’s ecological impact and discover any underlying issues.
Today’s business world has been changed forever by the environmentally centered efforts of these groups. Their revolutionary ideas have simplified the procedure for businesses in every sector and shown that running a profitable business need not entail the hefty price of damaging the environment.
