Kohlberg, Kravis, Roberts & Co. And the Environmental Defense Fund — Pacesetters in Environmentally Aware Business
Kohlberg, Kravis, Roberts & Co (KKR) was launched by Henry Kravis and George Roberts in the 70’s with the assistance of the First Chicago Corporation. Recently they have put together a unique green proposal that concentrates not alone on optimizing ROI, but also on the ecological impact of the companies they invest in.
Green business processes became more widely acknowledged last year when Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the the Environmental Defense Fund (EDF) joined forces. Issues like global warming and exaggerated consumption of water resources feature high on their list of objectives. Eco-efficiency (a term originally pitched by the World Business Council for Sustainable Development) fashions their mission’s framework, through employing techniques such as maximum use of renewable resources, reducing the intensity of materials and recycling programs. Even though the project was a huge success, no-one understood how fantastic the consequences were until Ken Mehlman, the person in charge of the project, carried out the first annual review. Ken Mehlman who practiced environmental law for Akin Gump Stauss Hauer & Feld, has also 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, and the Council on Foreign Relations Climate Change Task Force, found out that the Green Portfolio Project wasn’t simply helping to maintain the environment, but additionally it was saving a broad range of businesses a considerable amount of money. Nearly all of the firms held by Kohlberg, Kravis, Roberts & Co and Ken Mehlman now actively participate in the Green Portfolio Project. Considering that this portfolio of businesses has a value of $86 billion, you may see what an enormous feat this really is. The original Green Portfolio project now includes new initiatives. The Climate Corps Program administered by the Environmental Defense Fund is an example of this, it promotes planet friendly techniques to MBA interns.
What is more, Ken Mehlman has been in close collaboration with KKR to create a package of analytical tools that business concerns can utilize to evaluate and oversee a number of resources. With this information available, businesses may easily evaluate their everyday activities and discover where they can solve any problems while at the same time permitting them to discover their impact on the environment.
Henry Kravis, the KKC, and the Environmental Defense Fund have made going green less painful for companies all over the world. These revolutionary concepts have simplified the process for organizations in every sector and proved to the world that running a profitable business need not entail the hefty price of damaging the environment.
