The History of Kohlberg, Kravis, Roberts & Co and the Environmental Defense Fund
Kohlberg, Kravis, Roberts & Co (KKR) was founded by Henry Kravis and George Roberts in the mid 70’s with assistance from the First Chicago Corporation. But they have put together a unique green enterprise that concentrates not solely on optimizing ROI, but additionally on how environmentally aware each of their companies are.
Environmentally friendly business practice became a hot topic a year ago when Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the independent Environmental Defense Fund (EDF) merged. Their mission is to offer encouragement to firms in fighting against procedures which may harm the environment such as hazardous chemicals and immoderate water consumption.
In order to achieve these goals, they apply eco-efficiency which calls for concepts like reducing the intensity of materials, maximum use of renewable resources, and increasing the durability of products. Even though the project was an enormous success, no-one realized how incredible the consequences actually were until Ken Mehlman, the executive responsible for the project, studied the first year’s figures.
Outmatching everyone’s expectations, Ken learned that this program not only served in preserving the local environment, but was increasing the profits from all their business concerns as well. These days, KKR and Ken Mehlman have nearly every associated company participating in the Green Portfolio Project. Considering that this group of companies is worth almost 100.000,000,000 USD, you can see what an achievement this actually is.
The two groups in association with Ken Mehlman are extending the initial program. To illustrate, Kohlberg, Kravis, Roberts & Co got together with the EDF’s Climate Corps Program which teaches MBA interns how to introduce cost efficient, ecologically friendly practices.
KKR and Ken Mehlman have made the effort to develop a series of metrics and other related systems that quantify and manipulate resources. Products like these can track an organization’s progress and identify any problem areas.
The business world has been entirely transformed by the work of these organizations. Their developments have made cutting back their ecological impact easier for firms in every industry and demonstrated to the world that running a profitable business need not entail the hefty price of damaging the environment.
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