Business and Ecology — Kohlberg, Kravis, Roberts & Co. And the Environmental Defense Fund
Kohlberg, Kravis, Roberts & Co (KKR) was established by Henry Kravis and George Roberts in the 1970’s with the help of the First Chicago Corporation. Recently they have established a novel green proposal which concentrates not simply on maximum profit margins, but also on how ecologically friendly each of their companies are. When Henry Kravis from KKR and the Environmental Defense Fund (EDF) joined forces a year ago environmental matters went mainstream. Their goals include encouraging companies in fighting against procedures which may jeopardize the environment such as climate change as well as any monumental water consumption. Eco-efficiency (the phrase was initially advocated by the WBCSD) is the formula applied to achieve these goals, employing green techniques like using clean energy, waste reduction and recycling programs. The Green Portfolio Project was successful, but the KKR and EDF didn’t even realize the range of the program’s advantages until Ken Mehlman, the person responsible for the Green Portfolio Project, studied the project when it had been functioning for a year.
Much to everyone’s surprise, Ken realized that this program not only helped in preserving the local environment, but also increased the the net profit from each and every business organization as well. These days, KKR and Ken Mehlman have managed to get almost every company in their portfolio engaged in eco-efficiency techniques. When you look at the fact that this group of companies is valued at virtually one hundred billion USD, you can imagine what a challenge this actually was. Kohlberg, Kravis, Roberts & Co with the assistance of Ken Mehlman are further developing the original program. The Climate Corps Program founded by the EDF is one of these projects, it raises awareness of cost-effective, environmentally friendly procedures to interns taking an MBA.
KKR and Ken Mehlman have been formulating analytical tools and other related products which can oversee resources. Systems like these can evaluate an organization’s progress and discover any problem areas. Henry Kravis, the KKR, and the Environmental Defense Fund are true trailblazers when it comes to campaigning for green business techniques. These innovations have made cutting back their environmental impact less complicated for companies in any sector and established that running a profitable business need not entail the hefty price of damaging the environment.
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