Ecologically Sound Business — Henry Kravis of Kohlberg, Kravis, Roberts & Co. And the Environmental Defense Fund
Kohlberg, Kravis, Roberts & Co (KKR) was set up in 1976 and to begin with the firm’s focus was in ‘bootstrap’ buyouts. But recently they have put together an exceptional enterprise which focuses not simply on profitability, but likewise 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 in the business community became a hot topic. Their goals include encouraging their affiliated businesses in fighting against operations which may threaten the environment like toxic emissions and exaggerated water consumption.
To accomplish this, they employ a formula called eco-efficiency, this makes use of practicable techniques like recycling programs, maximum use of renewable resources, and waste reduction. The Green Portfolio Project was a success, but the businesses who were participating did not grasp the full project’s benefits until the head of the project and global public affairs, Ken Mehlman, evaluated the program when it had been operating for a year.
Only at that point did Ken discover that using eco-efficiency wasn’t solely helping the environment, but it was also saving businesses a great deal of money. Nearly all of the commercial organizations affiliated to Kohlberg, Kravis, Roberts & Co and Ken Mehlman at present take part in the Green Portfolio Project. Seeing that the whole portfolio is valued at nearly one hundred billion USD, you can be sure that this was not an easy accomplishment. Kohlberg, Kravis, Roberts & Co with the Environmental Defense Fund along with Ken Mehlman have also extended the initial program. The Climate Corps Program established by the Environmental Defense Fund is an example of this, it raises awareness of planet friendly business principles to students taking a Master’s in Business Administration.
In recent months, Ken Mehlman has been in close collaboration with KKR to formulate metrics and analytical tools which companies can utilize to quantify and administer a wide range of resources. This type of info is critical as businesses can assess each of their daily activities and find out where they can resolve any issues while simultaneously letting them to determine their impact on the planet.
Henry Kravis, the KKC, and the Environmental Defense Fund have made going green less painful for business organizations all over the world. These unique ideas have made cutting back their ecological impact simpler for firms in any sector and established that running a profitable business need not entail the hefty price of damaging the environment.
