Kohlberg, Kravis, Roberts & Co (KKR) was set up in the mid seventies and in those days the company’s specialization was in leveraged buyouts. Recently they have set up an innovative green proposal that concentrates not simply on maximizing ROI, but also on the environmental impact of the companies they acquire. When Henry Kravis from KKR and the non-profit environmental advocacy group Environmental Defense Fund (EDF) got together a year ago environmental matters went mainstream. Their company mission is to offer encouragement to their associated companies in fighting against environmental menaces like toxic emissions not to forget unmitigated water consumption.
Eco-efficiency (a phrase initially pitched by the World Business Council for Sustainable Development WBCSD) makes up their mission’s framework, applying environmentally sound techniques like reducing the waste of resources, reducing the dispersion of toxic chemicals and increasing the durability of products. The Green Portfolio Project was a stunning success, but the businesses who were participating did not understand the range of the benefits of the program until the head of the Green Portfolio Project and global public affairs, Ken Mehlman, reviewed the program when it had been operating for its first 12 months. Surpassing everyone’s expectations, Ken learned that this program not only lessened the impact on the environment, but also increased the profitability of each and every business besides. Up to now, KKR and Ken Mehlman have well-nigh all of their firms involved in eco-efficiency. If you consider that the group has a net worth of 86 billion dollars, you can be certain this was no easy accomplishment.
The initial program has developed beyond its primary purpose and now encompasses new enterprises. For example, Kohlberg, Kravis, Roberts & Co joined the Environmental Defense Fund’s Climate Corps Program an organization that teaches MBA students how to design and introduce cost-efficient, earth friendly principles.
Furthermore, Ken Mehlman has been collaborating closely with Kohlberg, Kravis, Roberts & Co to formulate metrics and other relevant systems which business organizations can utilize to quantify and oversee a number of resources. These metrics permit management see how green they are and identify any areas which might need improving. Henry Kravis, the KKC, and the Environmental Defense Fund have encouraged all sorts of businesses to become more environmentally friendly. So, in conclusion, these systems have made environmentally friendly business practice not only viable, but commercially desirable, and their revolutionary ideas are setting a new standard in the competitive business world of today.
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