Going Green — Kohlberg, Kravis, Roberts & Co. Show How It’s Done
Kohlberg, Kravis, Roberts & Co (KKR) was launched by Henry Kravis and George Roberts in the 1970’s with some assistance from the First Chicago Corporation. More recently, however, aiming to make their acquisitions greener and more profitable as well, they have rolled out an extraordinary project that has changed the way businesses and environmental groups carry on their day-to-day business. Environmentally sound business processes went mainstream a year ago when Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the non-profit environmental advocacy group Environmental Defense Fund (EDF) merged. Their objectives include encouraging businesses in avoiding operations which may destroy the environment such as toxic chemical use not to forget preposterous water consumption. Eco-efficiency (a phrase first introduced by the WBCSD) is the technique applied to achieve these objectives, utilizing techniques such as reducing the intensity of materials, waste reduction and reducing the dispersion of toxic chemicals. Although the program was an enormous success, managment simply didn’t recognize how important the effects were until Ken Mehlman, the head of the program and global public affairs, carried out the review of the first year.
As if to outshine all expectations, Ken discovered that this program not only increased environmental responsibility, but also increased the profits from every business besides. Well-nigh all of the business concerns affiliated to Kohlberg, Kravis, Roberts & Co and Ken Mehlman nowadays are actively participating in eco-efficiency principles. And, when you consider that the group has a 2009 portfolio with an estimated worth of 86,000,000,000 dollars, you can be certain this wasn’t a simple see what an enormous accomplishment this is. Kohlberg, Kravis, Roberts & Co with the EDF with the help of Ken Mehlman are further developing the original Green Portfolio project. The Climate Corps Program established by the EDF is an example of this, it promotes eco-efficient techniques to MBA interns.
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Of Late, Ken Mehlman has been in close collaboration with Kohlberg, Kravis, Roberts & Co to formulate systems which companies can utilize to evaluate and manipulate different resources. This type of info is invaluable as companies can measure their daily processes and identify how any problems may be solved while at the same time tracking their progress.
Henry Kravis, the KKC, and the Environmental Defense Fund have encouraged all sorts of businesses to reduce their ecological impact. Their developments have simplified the process for organizations in any sector and proved that running a profitable business need not entail the hefty price of negatively impacting our planet.