Business and the Planet – Kohlberg, Kravis, Roberts & Co. And the Environmental Defense Fund
Originally, when Henry Kravis and George Roberts founded Kohlberg, Kravis, Roberts & Co (KKR) in the mid 70’s with some help from the First Chicago Corporation, their main business was in bootstrap buyouts. But they have assembled a groundbreaking venture which focuses not solely on profitability, but additionally on the ecological impact of the companies they acquire. When Henry Kravis from KKR and the New York based Environmental Defense Fund (EDF) joined forces in 2008 green matters in the business world became major discussion topic. Issues like toxic waste and inflated consumption of water resources rank high on their list of goals.
Make sure to review our remarkable website for Ken Mehlman instructions
Eco-efficiency (a phrase initially advocated by the World Business Council for Sustainable Development WBCSD) is the routine employed to achieve these objectives, by utilizing ecologically sustainable policies such as waste reduction, fuel economy and maximum use of renewable resources. Simple and effective, even so the KKR and EDF didn’t understand the full program’s advantages until Ken Mehlman, the head of the program and global public affairs, studied the program when it had been in operation for a year.
Much to everyone’s surprise, Ken found that eco-efficiency not only enhanced environmental awareness, but was also increasing the profits from every company as well. Virtually all of the commercial concerns linked with Kohlberg, Kravis, Roberts & Co and Ken Mehlman today apply eco-efficiency. Still, when you consider that the group has a current business portfolio with an estimated value of $86,000,000,000, you may be certain that this wasn’t an easy feat.
These two organizations in association with Ken Mehlman are extending the initial project. For instance, Kohlberg, Kravis, Roberts & Co linked up with the EDF’s Climate Corps Program a venture which instructs students studying for an MBA how to introduce cost-efficient, green techniques.
KKR and Ken Mehlman have been creating metrics that oversee various resources. These systems can measure a company’s progress and identify any underlying problems.
Henry Kravis, the KKC, and the Environmental Defense Fund have encouraged all sorts of businesses to go green. In summary, 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 today’s business world.