Protecting the Environment — with Henry Kravis of Kohlberg, Kravis, Roberts & Co. Setting the Standard
Kohlberg, Kravis, Roberts & Co (KKR) was launched in the mid-seventies and in those days their specialization was in highly leveraged transactions. Lately in a drive to make their portfolio of companies greener, KKR have founded a groundbreaking green proposal that has completely transformed the method by which business concerns and environmental groups function. KKR’s Henry Kravis and the independent Environmental Defense Fund (EDF) merged in 2008, hoping to make environmentally aware business operation an accepted principle. Their mission is to encourage their affiliated companies in fighting against environmental threats e.g. climate change and any colossal water consumption. To accomplish this, they apply eco-efficiency which makes use of down-to-earth techniques such as reducing the waste of resources, waste reduction, and maximum use of renewable resources. Successful though it was the KKR and EDF did not understand the full program’s benefits until Ken Mehlman, the head of the project and global public affairs, assessed the program when it had been operating for a year.
Only at that point did Ken learn that using eco-efficiency was not simply helping to protect the environment, but it was also helping to save firms a great deal of money. Almost all of the firms affiliated to KKR and Ken Mehlman at present actively take part in the Green Portfolio Project. Still, when you consider that the group has a 2009 business portfolio with an estimated worth of 86,000,000,000 dollars, you can be sure that this was no easy accomplishment. The original Green Portfolio project now encompasses new initiatives. For instance, KKR got together with the EDF’s Climate Corps Program a venture which teaches students taking an MBA how to introduce cost effective, planet friendly principles.
KKR and Ken Mehlman have made the effort to create metrics and other related systems that can evaluate and manipulate various resources. Systems such as these let employees see how they are progressing and identify any areas that might need improving.
Henry Kravis, the KKC, and the Environmental Defense Fund have made decreasing their ecological impact easier for companies all over the country. Their radical concepts have made going green less complicated for firms in every industry and established that running a profitable business need not entail the hefty price of damaging the environment.
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