Kohlberg, Kravis, Roberts & Co. And the Environmental Defense Fund — Pioneers in Green Business
December 9th, 2009
Kohlberg, Kravis, Roberts & Co (KKR) was established by Henry Kravis and his partner George Roberts in 1976 with the assistance of the First Chicago Corporation. However, they have launched a novel green enterprise which centers not simply on profitability, but likewise on how ecologically aware each of their companies are.
Green business practices became more widely acknowledged a year ago when KKR’s Henry Kravis and the non-profit Environmental Defense Fund (EDF) joined forces. Issues like hazardous chemical use and inflated consumption of water resources feature high on their list of priorities.
Eco-efficiency (the term was originally introduced by the WBCSD) is the routine applied to achieve these aims, utilizing green techniques such as waste reduction, optimizing data centers for efficiency and using clean energy. Effective though it was the management didn’t understand the range of the advantages of the project until the head of the project and global public affairs, Ken Mehlman, reviewed the program after its first year in operation.
Ken who received his J.D. from Harvard Law School in 1991, has also served as Chief of Staff for Texas 12th Congressional District Representative Kay Granger, became Managing Director and Head of Global Public Affairs at Kohlberg Kravis Roberts & Co, LLP in 2008 and currently serves as a member of the board of directors at the National Endowment for Democracy, and the Council on Foreign Relations Climate Change Task Force, found that utilizing eco-efficiency wasn’t solely helping the local environment, but additionally it was saving business concerns a remarkable amount of money. Virtually all of the commercial organizations owned by Kohlberg, Kravis, Roberts & Co and Ken Mehlman nowadays are involved in eco-efficiency. Still, with a current business portfolio with a worth of 86,000,000,000 dollars, you may be sure this was no easy see what an enormous feat this is.
The Green Portfolio project now encompasses new and groundbreaking initiatives. For example, Kohlberg, Kravis, Roberts & Co got together with the EDF’s Climate Corps Program an enterprise which teaches students taking a Master’s in Business Administration how to promote cost-efficient, green principles.
In addition, Ken Mehlman has been working closely with KKR to develop systems that firms can use to quantify and oversee resources. These systems can measure a company’s ecological impact and discover any problem areas.
Henry Kravis, the KKC, and the Environmental Defense Fund have encouraged all sorts of businesses to become more environmentally friendly. In conclusion, these systems have made green business practice not only viable, but commercially desirable, and their revolutionary ideas are setting a new standard in the competitive business world of today.
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