Kohlberg, Kravis, Roberts & Co (KKR) was launched in the 1970’s and in the beginning their main business was in highly leveraged transactions. But only last year they have assembled a novel green enterprise which centers not simply on profitability, but additionally on the ecological impact of the companies they buy. Green business practice became major discussion topic last year when Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the non-profit environmental advocacy group Environmental Defense Fund (EDF) merged. They wanted to tackle some challenging matters impeding the ecology of the earth, including greenhouse gas emissions, soil contamination, overblown water consumption, and climate change. To follow through with this, they use a methodology labeled eco-efficiency which makes use of concepts like reducing the intensity of materials, using clean energy, and fuel economy. Although the project was a colossal success, no-one understood how important the consequences were until Ken Mehlman, the man in charge of the project, finished the first annual review. Only then did Ken Mehlman find out that eco-efficiency wasn’t merely lessening ecological impact, but additionally it was helping to save companies a great deal of money, making the program almost an immediate hit. Up to now, KKR and Ken Mehlman have well-nigh all of their firms actively engaged in the Green Portfolio Project. Still, when you consider that the group has a current business portfolio worth $86,000,000,000, you can be certain this was no easy feat.
The Green Portfolio project has now expanded to encompass new opportunities. To illustrate, Kohlberg, Kravis, Roberts & Co joined the EDF’s Climate Corps Program a venture that teaches MBA students how to put together and introduce financially strong, ecologically friendly techniques.
Furthermore, Ken Mehlman has been cooperating closely with KKR to produce a series of systems that firms can employ to quantify and manage resources. This type of information is critical as any business can measure their daily processes and discover how any problems may be solved while simultaneously tracking their progress.
Henry Kravis, the KKC, and the Environmental Defense Fund have encouraged all sorts of businesses to go green. These fresh concepts have made decreasing their ecological impact less complicated for businesses in every sector and established that making profits need not entail the hefty price of damaging the environment.
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