Kohlberg, Kravis, Roberts & Co. And the Environmental Defense Fund — the Vanguard in Green Business
November 28th, 2009Kohlberg, Kravis, Roberts & Co (KKR) was established by Henry Kravis and George Roberts in the 70’s with the help of the First Chicago Corporation. Pushing beyond, aiming to make the companies in their portfolio greener, they have founded a unique venture which has totally transformed the way businesses and environmental agencies function. Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the the Environmental Defense Fund (EDF) got together a year ago, hoping to make environmentally aware business practice a widespread idea. Important matters like greenhouse gas emissions and undue water consumption are high on their agenda. Eco-efficiency (a term first advertised by the WBCSD) governs the framework for their mission, by applying ecologically sustainable techniques such as reducing the dispersion of toxic chemicals, optimizing data centers for efficiency and waste reduction. Effective though it was the firms who were involved did not grasp the full program’s advantages until the executive responsible for the program, Ken Mehlman, reviewed the project subsequent to its first year in operation. Beating all expectations, Ken found that using eco-efficiency not only increased environmental responsibility, but also increased the the profit from all their companies too. These days, KKR and Ken Mehlman have virtually every last firm in their portfolio actively engaged in eco-efficiency. Seeing that this portfolio of business concerns is worth 86,000,000,000 dollars, you can be sure that this was not an easy feat.
The original Green Portfolio project has now expanded to encompass new opportunities. The Climate Corps Program administrated by the EDF is an example of this, it campaigns for eco-efficient techniques to MBA interns.
KKR and Ken Mehlman have taken the time to create a series of products which will be able to quantify and oversee resources. With this information available, companies may easily evaluate their day to day activities and find out precisely how they can improve while simultaneously letting them to find out how far they have progressed. Henry Kravis, the KKR, and the Environmental Defense Fund are true innovators when it comes environmentally friendly business development. In summary, 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 business world of today.
