Kohlberg, Kravis, Roberts & Co (KKR) was set up in the 70’s and in those days their main business was in ‘bootstrap’ buyouts. But they have established a novel green proposal that centers not just on maximized ROI, but likewise on how environmentally aware each of their companies are. When Henry Kravis from KKR and the Environmental Defense Fund (EDF) merged last year green issues all of a sudden became a mainstream concern. They wanted to campaign against challenging green matters, for instance greenhouse gas emissions, water pollution, imprudent water consumption, and air pollution.
Eco-efficiency (a term initially popularized by the World Business Council for Sustainable Development) makes up the framework for their mission, applying green policies like reducing the waste of resources, improving fuel economy through vehicle fleet maintenance and reducing the intensity of materials. Although the program was an enormous success, no-one recognized how incredible the results were until Ken Mehlman, the executive in charge of the program, looked over the profits for the first year.
Ken found that practicing eco-efficiency was not solely cutting ecological impact, but in addition it was saving business concerns a considerable sum of money, and so the Green Portfolio project turned into almost an immediate hit. Up to now, Kohlberg, Kravis, Roberts & Co and Ken Mehlman have succeeded in getting nearly every associated business actively involved in the Green Portfolio Project. Considering that this portfolio of business organizations is valued at $86 billion, you can imagine what a challenge this actually was. The Green Portfolio project now includes new and innovative initiatives. The Climate Corps Program set up by the Environmental Defense Fund is an example of this, it raises awareness of eco-efficient techniques to interns studying for an MBA.
In recent months, Ken Mehlman has been cooperating closely with KKR to produce metrics which firms can utilize to measure and manage resources. These metrics permit management see how environmentally friendly they are and identify any underlying problems. Henry Kravis, the KKR, and the Environmental Defense Fund are visionaries in the business world. Their developments have set a benchmark for business organizations in every industry and demonstrated that making profits need not entail the hefty price of damaging the environment.