The Story of Kohlberg, Kravis, Roberts & Co & the Environmental Defense Fund
Kohlberg, Kravis, Roberts & Co (KKR) was established in the mid-seventies and initially their specialization was in ‘bootstrap’ buyouts. But recently they have put together a remarkable enterprise that concentrates not solely on optimized ROI, but also on the ecological impact of the companies they buy.
Green business procedures became a hot topic last year when Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the independent Environmental Defense Fund (EDF) got together. Their mission is to encourage their associated firms to avoid environmental threats like resource depletion and any exorbitant water consumption.
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Eco-efficiency (the phrase was initially popularized by the WBCSD) defines the framework for their mission, through employing policies such as increasing the durability of products, waste reduction and improving fuel economy through vehicle fleet maintenance. Efficient though it was the companies who were taking part didn’t see the full program’s benefits until Ken Mehlman, the head of the program and global public affairs, reviewed the program when it had been in operation for its first 12 months.
Ken saw that eco-efficiency wasn’t solely helping to preserve the environment, but in addition it was helping to save firms a large amount of money, and so the project was virtually an immediate hit. Well-nigh all of the firms associated with KKR and Ken Mehlman nowadays are participating in the program. Considering that the entire portfolio has a net worth of virtually 100 billion USD, you can see what a challenge this actually is. Kohlberg, Kravis, Roberts & Co with the Environmental Defense Fund in association with Ken Mehlman have also developed the Green Portfolio project. The Climate Corps Program administrated by the EDF is one of these initiatives, it campaigns for financially strong, environmentally friendly practices to MBA interns. In addition, Ken Mehlman has worked closely with KKR to formulate analytical tools and other related products which all sorts of businesses can use to quantify and manage a number of resources. This type of data is significant as businesses may without much effort evaluate their daily activities and discover how any issues can be resolved while at the same time allowing them to see their ecological impact.
Henry Kravis, the KKC, and the Environmental Defense Fund have encouraged all sorts of businesses to cut down their ecological impact. So, to summarize, the work of these organizations has made ecologically friendly business techniques not only viable, but commercially desirable, and their novel ideas are setting a new standard in today’s community.
