Everything You Need to Know about Kohlberg, Kravis, Roberts & Co. And the Environmental Defense Fund
Kohlberg, Kravis, Roberts & Co (KKR) was established by Henry Kravis and George Roberts in 1976 with help from the First Chicago Corporation. Recently they have put together a unique green project which centers not just on profitability, but additionally on how environmentally aware each of the corporations in their portfolio are. When Henry Kravis from KKR and the Environmental Defense Fund (EDF) got together in 2008 environmental matters all of a sudden became a mainstream idea. Issues like greenhouse gas emissions and exaggerated consumption of water resources are a top priority in their corporate mission statement. In order to achieve these goals, they apply eco-efficiency which makes use of concepts such as reducing the waste of resources, recycling programs, and increasing the durability of products. Regardless of the fact that the project was an enormous success, no-one realized how important the results were until Ken Mehlman, the head of the Green Portfolio Project and global public affairs, reviewed the figures for the first 12 months.
Knocking off everybody’s expectations, Ken realized that this program not only cut down on environmental impact, but also increased the the profit from all their business organizations besides. Almost all of the business concerns associated with Kohlberg, Kravis, Roberts & Co and Ken Mehlman now participate in the Green Portfolio Project. Seeing that this portfolio of companies is worth eighty six billion dollars, you can imagine what an achievement this really is.
The original Green Portfolio project has grown beyond its basic purpose and today includes new ventures. For instance, Kohlberg, Kravis, Roberts & Co got together with the Environmental Defense Fund’s Climate Corps Program that teaches MBA interns how to promote financially sound, ecologically friendly practices.
KKR and Ken Mehlman have taken the time to formulate a series of analytical tools and other related products that quantify and manage various resources. With this information available, companies can study their everyday activities and find out how they can resolve any issues while simultaneously tracking their progress.
The business community has been changed forever by the ground breaking efforts of these organizations. So, to summarize, the work of these organizations has made ecologically friendly business practice not only viable, but commercially desirable, and their revolutionary ideas are setting a new standard in the business world of today.
