Tue 9 Mar 2010
Kohlberg, Kravis, Roberts & Co (KKR) was established by Henry Kravis and George Roberts in the seventies with the assistance of the First Chicago Corporation. Recently they have set up a unique green proposal that centers not alone on how profitable a corporate entity is, but likewise on the ecological impact of the companies they invest in. When Henry Kravis from KKR and the Environmental Defense Fund (EDF) got together in 2008 environmental issues went mainstream. Their mission is to offer encouragement to their affiliated businesses in fighting against environmental threats like greenhouse gas emissions and any extreme consumption of water resources.
Eco-efficiency (the term was originally pitched by the World Business Council for Sustainable Development) embodies their mission’s framework, by applying green techniques like reducing the waste of resources, increasing the durability of products and using clean energy. The Green Portfolio Project was a stunning success, however the businesses who were taking part did not grasp the entirety of the project’s advantages until Ken Mehlman, the head of the program and global public affairs, assessed the program following its first year in operation.
Much to everyone’s surprise, Ken saw that this program not only diminished the overall impact on the environment, but also increased the the net profit from each and every business too. Currently, KKR and Ken Mehlman have succeeded in getting nearly every company in their portfolio involved in eco-efficiency. Still, when you consider that the group has a current business portfolio valued at 86,000,000,000 dollars, you can be sure that this was not an easy see what an enormous feat this is.
The Green Portfolio project now encompasses new and innovative enterprises. The Climate Corps Program established by the EDF is an example of this, it promotes earth friendly techniques to MBA interns. Moreover, Ken Mehlman has been in close collaboration with Kohlberg, Kravis, Roberts & Co to formulate analytical tools and other relevant systems which firms can employ to evaluate and oversee resources. Products like these allow management to measure their progress and discover any underlying problems.
Henry Kravis, the KKR, and the Environmental Defense Fund are groundbreakers when it comes ecologically friendly business practices. 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 today’s business world.
