Protecting the Environment: Kohlberg, Kravis, Roberts & Co. Make it Less Painful for Us All
Kohlberg, Kravis, Roberts & Co (KKR) was set up in the seventies and orginally their main business was in ‘bootstrap’ buyouts. However, hoping to make their portfolio companies and acquisitions more ecologically aware, they have established a unique green proposal which has changed the way businesses and environmental activists function.
Environmentally sound business procedures went mainstream last year when Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the the Environmental Defense Fund (EDF) got together. Pivotal environmental issues like toxic emissions and overblown consumption of water resources are a priority in their company mission. Eco-efficiency (the phrase was initially pitched by the World Business Council for Sustainable Development WBCSD) embodies the framework for their mission, by utilizing techniques like recycling programs, maximum use of renewable resources and improving fuel economy through vehicle fleet maintenance. Effective though it was the KKR and EDF didn’t even realize the totality of the project’s benefits until Ken Mehlman, the executive responsible for the Green Portfolio Project, reviewed the project when it had been functioning for a year.
Beating everyone’s expectations, Ken saw that utilizing eco-efficiency not only helped in proctecting the environment, but also increased the profitability of all their business organizations besides. Well-nigh all of the firms owned by Kohlberg, Kravis, Roberts & Co and Ken Mehlman now practice eco-efficiency. Yet, when you consider that the group has a 2009 business portfolio with an estimated value of 86,000,000,000 USD, you can be certain that this was not an easy feat. Kohlberg, Kravis, Roberts & Co with the assistance of Ken Mehlman are further expanding the initial program. The Climate Corps Program administrated by the Environmental Defense Fund is an example of this, it promotes earth friendly business techniques to students studying for a Master’s in Business Administration. Moreover, Ken Mehlman has been in close collaboration with KKR to develop analytic tools that firms can employ to measure and manage various resources. This type of info is critical as any sort of business may without a lot of effort evaluate their day to day activities and identify how they can solve any problems while simultaneously letting staff to find out how far they have advanced. The business community has been entirely transformed by the ground breaking work of these individuals. Their visionary ideas have simplified the procedure for business organizations in any industry and proved that making profits need not entail the hefty price of damaging the environment.
