Kohlberg, Kravis, Roberts & Co (KKR) was established in the seventies and back then their main business was in ‘bootstrap’ buyouts. But in an outstanding attempt to make their acquisitions greener, they have launched a remarkable proposal which has completely changed the method by which business concerns and environmental activists work. Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the non-profit Environmental Defense Fund (EDF) merged a year ago, with the intention of making environmentally aware business processes a widespread principle. Their company mission is to encourage businesses to resolve procedures which may threaten the environment e.g. climate change and inflated water consumption. In order to attain these goals, they use eco-efficiency which makes use of concepts like optimizing data centers for efficiency, waste reduction, and reducing the dispersion of toxic chemicals. Even though the project was a huge success, staff simply didn’t understand how extensive the results were until Ken Mehlman, the person in charge of the Green Portfolio Project, looked over the profits for the first year. As if to cap everyone’s expectations, Ken saw that this program not only cut back on the overall impact on the environment, but also increased the profitability of every last business organization as well. At the time of writing, Kohlberg, Kravis, Roberts & Co and Ken Mehlman have virtually every last business in their portfolio actively taking part in eco-efficiency. Seeing that this portfolio of companies is valued at nearly $100 billion USD, you can imagine what an achievement this actually is.
KKR with the Environmental Defense Fund in association with Ken Mehlman are developing the initial program. The Climate Corps Program administered by the Environmental Defense Fund is an example of this, it campaigns for earth friendly techniques to students studying for a Master’s degree in Business Administration.
In addition, Ken Mehlman has been working closely with Kohlberg, Kravis, Roberts & Co to formulate metrics that a range of business organizations can employ to evaluate and manage a number of resources. Products like these allow staff see how ecologically friendly they are and identify any problem areas.
Henry Kravis, the KKR, and the Environmental Defense Fund are genuine pioneers in the business community. In summary, the work of these organizations has made environmentally friendly business practice not only viable, but commercially desirable, and their revolutionary ideas are setting a new standard in today’s community.
