Kohlberg, Kravis, Roberts & Co. And the Changing Face of Environmentally Aware Business
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Kohlberg, Kravis, Roberts & Co (KKR) was launched by Henry Kravis and George Roberts in the 1970’s with support from the First Chicago Corporation. Recently, in a drive to make their acquisitions greener and more profitable to boot, KKR have launched a remarkable proposal which has dramatically transformed the method by which business concerns and environmental agencies work together, forever.
KKR’s Henry Kravis and the New York based Environmental Defense Fund (EDF) merged a year ago, intending to make environmentally aware business practices a widespread principle. These companies wants to oppose some challenging issues hurting the ecology of the earth, for instance greenhouse gas emissions, toxic chemicals, exaggerated consumption of water resources, and water pollution.
Eco-efficiency (the term was first submitted by the World Business Council for Sustainable Development WBCSD) is the routine employed to achieve these targets, through using green policies like recycling programs, fuel economy and reducing the waste of resources. The Green Portfolio Project was a great success, nevertheless the management didn’t even understand the range of the advantages of the program until Ken Mehlman, the head of the program and global public affairs, reviewed the figures from the program when it had been functioning for its first year.
Ken Mehlman who received his J.D. from Harvard Law School in 1991, has served as Chief of Staff for Texas 12th Congressional District Representative Kay Granger, was the appointed Chairman of the Republican National Committee from 2005 to 2007 and presently serves as a member of the executive leadership cabinet of the Martin Luther King, Jr. National Memorial Foundation, the board of directors at the National Endowment for Democracy, and the Senior Advisory Committee of the Harvard University Institute of Politics, noticed that using eco-efficiency wasn’t solely cutting impact on the planet, but it was also saving business concerns a large sum of money, making the program virtually an immediate hit. To date, Kohlberg, Kravis, Roberts & Co and Ken Mehlman have almost all of their firms taking part in eco-efficiency. And, when you consider that the group has a 2009 business portfolio valued at eighty-six billion dollars, you can be certain that this was no easy see what an enormous achievement this is. KKR with the EDF in association with Ken Mehlman are further developing the original project. For instance, Kohlberg, Kravis, Roberts & Co joined the EDF’s Climate Corps Program a venture which teaches students taking an MBA how to develop and initiate financially sound, ecologically friendly techniques.
KKR and Ken Mehlman have been creating systems which measure and administer resources. These products permit management to assess their progress and discover any areas which might need to be re-evaluated. Henry Kravis, the KKC, and the Environmental Defense Fund have encouraged all sorts of businesses to become more environmentally friendly. These developments have made cutting back their ecological impact easier for firms in every sector and established that running a profitable business need not entail the hefty price of damaging the environment.
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