Something for Everyone to Take Note of – Henry Kravis of Kohlberg, Kravis, Roberts & Co
Kohlberg, Kravis, Roberts & Co (KKR) was set up in 1976 and orginally the firm’s specialty was in leveraged buyouts. Moving on, aiming to make the companies in their portfolio greener, they have set up an unusual green project which has completely transformed the way business concerns and environmental agencies function.
KKR’s Henry Kravis and the the Environmental Defense Fund (EDF) got together a year ago, with the goal of making environmentally aware business practices an acknowledged principle. Their objectives include encouraging their affiliated companies to fight against procedures which may threaten the environment like water pollution and unreasonable consumption of water resources. Eco-efficiency (the term was originally introduced by the WBCSD) provides their mission’s framework, through applying techniques such as maximum use of renewable resources, recycling programs and reducing the waste of resources. Irrespective of the fact that the project was an enormous success, no-one recognized how significant the effects actually were until Ken Mehlman, the man in charge of the program, finished the review of the first twelve months. Only then did Ken notice that the Green Portfolio Project was not solely lessening impact on the environment, but it was also helping to save businesses a great deal of money, and therefore the program was virtually an immediate success. Almost all of the companies connected with KKR and Ken Mehlman at present are actively taking part in eco-efficiency. And, with a current business portfolio worth $86,000,000,000, you may be certain that this wasn’t an easy feat. The original program has now expanded to include new ventures. The Climate Corps Program administered by the Environmental Defense Fund is a good illustration of this, it raises awareness of ecologically friendly principles to interns studying for a Master’s degree in Business Administration.
KKR and Ken Mehlman have made the effort to formulate a variety of products which will be able to evaluate and oversee various resources. These metrics can assess an organization’s progress and discover any areas which may need improving.
Henry Kravis, the KKR, and the Environmental Defense Fund are true visionaries in the world of green business. In summary, the work of these organizations has made green business practice not only viable, but commercially desirable, and their novel ideas are setting a new standard in today’s business community.
