Protecting the Planet - Henry Kravis and Kohlberg, Kravis, Roberts & Co. Show How to Do it
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Kohlberg, Kravis, Roberts & Co (KKR) was set up by Henry Kravis and George Roberts in the mid-seventies with help from the First Chicago Corporation. But moving further, hoping to make the businesses in their portfolio have less of an environmental impact, KKR have rolled out a groundbreaking green project that has totally changed the way business concerns and environmental activists carry on their everyday business. When Henry Kravis from KKR and the Environmental Defense Fund (EDF) joined forces a year ago environmental issues in the business community became a hot topic. Their goals include encouraging their associated companies to tackle environmental menaces like deforestation and immeasurable consumption of water resources. Eco-efficiency (the phrase was initially endorsed by the World Business Council for Sustainable Development WBCSD) is the formula applied to achieve these targets, utilizing policies like increasing the durability of products, reducing the dispersion of toxic chemicals and fuel economy. Simple and effective, but the management didn’t realize the full benefits of the project until Ken Mehlman, the head of the project and global public affairs, evaluated the project when it had been operating for its first year.
Much to everybody’s surprise, Ken discovered that utilizing eco-efficiency not only assisted in proctecting the environment, but also increased the profitability of all their businesses too. Nearly all of the businesses associated with Kohlberg, Kravis, Roberts & Co and Ken Mehlman nowadays utilize eco-efficiency. If you look at the fact that the portfolio is valued at 86,000,000,000 dollars, you can see what an enormous achievement this really is. These two organizations in association with Ken Mehlman are further extending the initial program. For instance, KKR linked up with the EDF’s Climate Corps Program that instructs interns studying for a Master’s in Business Administration how to promote cost-efficient, environmentally friendly techniques. KKR and Ken Mehlman have made the effort to develop metrics that oversee various resources. Systems such as these let management to track their progress and discover any underlying issues.
Henry Kravis, the KKR, and the Environmental Defense Fund are true visionaries in the business community. These developments have made going green less complicated for business organizations in any industry and shown that running a profitable business need not entail the hefty price of negatively impacting our planet.
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