Protecting the Environment — Ken Mehlman and Kohlberg, Kravis, Roberts & Co. Show How to Do it
Kohlberg, Kravis, Roberts & Co (KKR) was established by Henry Kravis and George Roberts in the mid 70’s with the support of the First Chicago Corporation. However, aiming to make the businesses in their portfolio greener, they have set up a remarkable green project which has totally changed the method by which businesses and environmental agencies operate. Environmentally aware business procedures became major topic in 2008 when Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the New York based Environmental Defense Fund (EDF) joined forces. These companies intends to help resolve critical matters impeding the environment, for example global warming, soil contamination, undue consumption of water resources, and deforestation. Eco-efficiency (a term first endorsed by the World Business Council for Sustainable Development) is the method used to achieve these objectives, through utilizing environmentally aware techniques like waste reduction, improving fuel economy through vehicle fleet maintenance and maximum use of renewable resources. Simple and effective, but the firms who were taking part did not even understand the totality of the benefits of the project until Ken Mehlman, the executive responsible for the Green Portfolio Project, assessed the program subsequent to its first year in operation.
Exceeding everyone’s expectations, Ken saw that this program not only raised environmental awareness, but also increased the profitability of all their business organizations too. Nearly all of the firms associated with Kohlberg, Kravis, Roberts & Co and Ken Mehlman nowadays are actively engaged in eco-efficiency techniques. Nevertheless, with a 2009 business portfolio with a worth of $86,000,000,000, you can be sure that this was no easy see what an enormous accomplishment this is.
Kohlberg, Kravis, Roberts & Co with the EDF along with Ken Mehlman are further developing the original Green Portfolio project. The Climate Corps Program administrated by the Environmental Defense Fund is one of these, it heightens awareness of cost efficient, planet friendly techniques to MBA interns.
Lately, Ken Mehlman has been working closely with KKR to produce a series of systems which companies can use to evaluate and oversee assorted resources. These metrics can assess a company’s environmental impact and discover any underlying issues.
Henry Kravis, the KKR, and the Environmental Defense Fund are true groundbreakers when it comes to promoting environmentally friendly business techniques. In conclusion, the work of these organizations has made green business techniques not only viable, but commercially desirable, and their revolutionary ideas are setting a new standard in the competitive business world of today.
