Henry Kravis of Kohlberg, Kravis, Roberts & Co. And the Growth of Environmentally Sound Business
Kohlberg, Kravis, Roberts & Co (KKR) was founded in the mid-seventies and to begin with the firm’s main business was in highly leveraged transactions. But recently they have set up a remarkable project that concentrates not simply on how much profit they can net, but likewise on the environmental impact of the companies they buy.
Environmentally sound business practice became major topic a year ago when Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the independent Environmental Defense Fund (EDF) joined forces. Key green issues like resource depletion and inflated water consumption rank high on their agenda.
In order to attain these goals, they deploy a routine labeled eco-efficiency which calls for concepts such as increasing the durability of products, fuel economy, and reducing the waste of resources. Irrespective of the fact that the program was a tremendous success, no-one realized how significant the results were until Ken Mehlman, the man in charge of the project, reviewed the first year’s profits. Only then did Ken realize that eco-efficiency wasn’t simply reducing their impact on the environment, but it was also saving businesses a great deal of money, making the program almost an immediate hit. Virtually all of the business concerns connected with Kohlberg, Kravis, Roberts & Co and Ken Mehlman nowadays are involved in the Green Portfolio Project. If you look at the fact that the group is worth nearly $100,000,000,000 dollars, you may see what an enormous achievement this really is. Kohlberg, Kravis, Roberts & Co in association with Ken Mehlman are developing the Green Portfolio project. The Climate Corps Program established by the Environmental Defense Fund is one of these, it advances financially shrewd, environmentally friendly principles to students taking an MBA.
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KKR and Ken Mehlman have taken the time to formulate a package of metrics and other related systems that administer various resources. These products let staff to evaluate their progress and identify any problem areas. Henry Kravis, the KKR, and the Environmental Defense Fund are true groundbreakers in the business community. Their visionary developments have made reducing their environmental impact less problematic for businesses in any sector and illustrated that making profits need not entail the hefty price of negatively impacting our planet.
