Protecting the Planet: Kohlberg, Kravis, Roberts & Co. Show How to Do it
In the beginning, when Henry Kravis and his partner George Roberts set up Kohlberg, Kravis, Roberts & Co (KKR) in the 1970’s with some help from the First Chicago Corporation, their main business was in highly leveraged transactions. But they have put together a novel green enterprise which centers not merely on profitability, but also on how environmentally aware each of their companies are.
Green business processes went mainstream in 2008 when KKR’s Henry Kravis and the non-profit Environmental Defense Fund (EDF) got together. Issues like hazardous waste and disproportionate water consumption are an all-important part of their corporate mission statement.
Eco-efficiency (the phrase was initially coined by the WBCSD) provides the framework for their mission, applying policies like using clean energy, increasing the durability of products and reducing the dispersion of toxic chemicals. Regardless of the fact that the program was an enormous success, people simply didn’t realize how far reaching the consequences truly were until Ken Mehlman, the head of the Green Portfolio Project and global public affairs, studied the figures for the first 12 months.
Factually eclipsing everybody’s expectations, Ken learned that this program not only helped in proctecting the local environment, but was increasing the the net profit from all their businesses too. Well-nigh all of the businesses connected with Kohlberg, Kravis, Roberts & Co and Ken Mehlman at present participate in the Green Portfolio Project. Nevertheless, when you consider that the group has a current portfolio worth 86,000,000,000 dollars, you may be certain that this was no easy see what a tremendous achievement this is. The original project has developed far beyond its original remit and these days encompasses new opportunities. The Climate Corps Program set up by the EDF is just one of these, it advances cost-effective, environmentally friendly practices to MBA interns. In addition, Ken Mehlman has been in close collaboration with KKR to formulate a series of systems that firms can employ to quantify and oversee a number of resources. This type of info is critical as businesses can measure their everyday processes and identify exactly how any issues can be resolved while at the same time letting staff to discover how much they have moved on. Today’s business community has been entirely revolutionized by the pioneering efforts of Henry Kravis, the KKC, and the Environmental Defense Fund. In summary, these systems have made green business practice not only viable, but commercially desirable, and their radical ideas are setting a new standard in the business world of today.
