Going Green: with Kohlberg, Kravis, Roberts & Co. Making it Simpler for Us All
Kohlberg, Kravis, Roberts & Co (KKR) was launched by Henry Kravis and his business partner George Roberts in the 70’s with support from the First Chicago Corporation. But they have put together an exceptional proposal that focuses not solely on profitability, but in addition on how ecologically friendly each of their companies are.
When Henry Kravis from KKR and the Environmental Defense Fund (EDF) got together last year environmental matters went mainstream. Key matters like water pollution and immeasurable consumption of water resources are an all-important part of their company mission. Eco-efficiency (the term was first used by the World Business Council for Sustainable Development WBCSD) is the method leveraged to achieve these goals, utilizing techniques such as recycling programs, waste reduction and optimizing data centers for efficiency. Even though the program was a huge success, staff just did not understand how far reaching the results were until Ken Mehlman, the head of the project and global public affairs, finished the review of the first twelve months. Topping everyone’s expectations, Ken saw that this program not only increased environmental responsibility, but was increasing the the net profit from every business too. Almost all of the business concerns affiliated to KKR and Ken Mehlman nowadays apply eco-efficiency. Considering that the entire portfolio is worth 86,000,000,000 dollars, you may be certain that this was no easy feat.
These two organizations along with Ken Mehlman have also expanded the initial program. For example, KKR got together with the Environmental Defense Fund’s Climate Corps Program which instructs students studying for an MBA how to introduce cost-effective, earth friendly techniques.
KKR and Ken Mehlman have been creating metrics and other related products that manipulate resources. Tools like these permit staff to assess their progress and discover any underlying problems.
The business world has been changed forever by the efforts of Henry Kravis, the KKC, and the Environmental Defense Fund. In conclusion, the work of these organizations has made green business practice not only viable, but commercially desirable, and their radical ideas are setting a new standard in the business world of today.
