Henry Kravis of Kohlberg, Kravis, Roberts & Co. And the Changing Face of Environmentally Aware Business
Kohlberg, Kravis, Roberts & Co (KKR) was established by Henry Kravis and his business partner George Roberts in the mid-seventies with support from the First Chicago Corporation. Recently they have launched a unique enterprise that focuses not just on how much money they can make, but also on the ecological impact of the companies they purchase.
Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the non-profit environmental advocacy group Environmental Defense Fund (EDF) got together last year, intending to make green business processes a commonplace idea. The coalition intends to tackle some all important matters impeding the ecology of the planet, which include global warming, hazardous emissions, monumental water consumption, and climate change.
To achieve these goals, they deploy a formula called eco-efficiency which calls for practical techniques such as reducing the waste of resources, fuel economy, and waste reduction. Even though the program was an enormous success, no-one realized how extensive the effects were until Ken Mehlman, the man responsible for the program, finished the review of the first year.
Ken Mehlman who graduated from Franklin and Marshall College in 1988, has also served as field director for George W. Bush’s 2000 presidential campaign, was the appointed Chairman of the Republican National Committee from 2005 to 2007 and presently serves as a member of the Council on Foreign Relations Climate Change Task Force, the Senior Advisory Committee of the Harvard University Institute of Politics, and the executive leadership cabinet of the Martin Luther King, Jr. National Memorial Foundation, noticed that eco-efficiency wasn’t simply cutting environmental impact, but it was also helping to save business concerns a remarkable amount of money, and therefore the Green Portfolio project turned into almost an immediate hit. Almost all of the commercial concerns affiliated to Kohlberg, Kravis, Roberts & Co and Ken Mehlman nowadays utilize eco-efficiency. Still, with a current business portfolio worth 86,000,000,000 dollars, you may be sure that this was not a simple feat. The initial program has grown far beyond its basic remit and now includes new ventures. The Climate Corps Program founded by the Environmental Defense Fund is one of these, it promotes cost efficient, ecologically friendly procedures to MBA interns. KKR and Ken Mehlman have been formulating a package of systems that evaluate and administer resources. This type of information is important as businesses can examine their daily activities and identify exactly how they can solve any problems while at the same time permitting staff to see their environmental impact. Henry Kravis, the KKR, and the Environmental Defense Fund are true pioneers when it comes environmentally sound business development. Their innovations have made going green simpler for firms in any industry and demonstrated that running a profitable business need not entail the hefty price of negatively impacting our planet.