| How Kohlberg, Kravis, Roberts & Co. Works with the Environmental Defense Fund |
| 03.06.10 | |
Kohlberg, Kravis, Roberts & Co (KKR) was founded by Henry Kravis and his business partner George Roberts in 1976 with some help from the First Chicago Corporation. But they have set up a remarkable green proposal which concentrates not merely on how lucrative a corporate entity is, but in addition on the environmental impact of the companies they buy. KKR’s Henry Kravis and the independent Environmental Defense Fund (EDF) got together last year, hoping to make environmentally aware business practice a widely accepted principle. Important issues like hazardous chemicals and ecologically unsustainable water consumption are a priority in their corporate mission statement.
Eco-efficiency (the phrase was first used by the World Business Council for Sustainable Development WBCSD) is the methodology leveraged to achieve these objectives, through applying techniques such as recycling programs, reducing the dispersion of toxic chemicals and waste reduction. Even though the project was an enormous success, no-one realized how extensive the consequences were until Ken Mehlman, the executive responsible for the program, studied the profits for the first year. Capping everyone’s expectations, Ken learned that this program not only assisted in preserving the environment, but was increasing the the profit from all their business organizations as well. Well-nigh all of the businesses associated with KKR and Ken Mehlman now use eco-efficiency. Still, when you consider that the group has a current business portfolio with an estimated value of eighty six billion dollars, you may be sure this wasn’t an easy achievement. The initial program has now broadened to encompass new and innovative initiatives. The Climate Corps Program established by the Environmental Defense Fund is one of these, it campaigns for cost effective, green principles to interns studying for a Master’s degree in Business Administration. What is more, Ken Mehlman has been in close collaboration with Kohlberg, Kravis, Roberts & Co to formulate systems which firms can utilize to measure and oversee resources. Products like these can track a company’s ecological impact and identify any areas which may need to be re-evaluated. Henry Kravis, the KKC, and the Environmental Defense Fund have encouraged all sorts of businesses to cut down their environmental impact. In summary, these systems have made green business practice not only viable, but commercially desirable, and their novel ideas are setting a new standard in today’s business community.
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