Kohlberg, Kravis, Roberts & Co (KKR) was founded by Henry Kravis and his partner George Roberts in the mid-seventies with assistance from the First Chicago Corporation. Recently they have set up a unique venture that concentrates not just on optimized profit margins, but also on the ecological impact of the companies they control.
Environmentally sound business processes went mainstream a year ago when KKR’s Henry Kravis and the New York based Environmental Defense Fund (EDF) merged. Their goals include encouraging their associated firms in opposing procedures which may harm the environment like greenhouse gas emissions and outrageous consumption of water resources.
Eco-efficiency (a phrase initially pitched by the WBCSD) is the methodology employed to achieve these targets, applying techniques like reducing the dispersion of toxic chemicals, improving fuel economy through vehicle fleet maintenance and reducing the intensity of materials. Effective though it was the KKR and EDF didn’t even realize the totality of the project’s benefits until the head of the Green Portfolio Project and global public affairs, Ken Mehlman, evaluated the program when it had been functioning for a year. Ken learned that utilizing eco-efficiency wasn’t just protecting the local environment, but additionally it was saving companies a great deal of money. Just about all of the business concerns associated with KKR and Ken Mehlman today take part in the Green Portfolio Project. Seeing that the group has a value of virtually one hundred billion dollars, you can see what a challenge this actually is.
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The initial Green Portfolio project now encompasses new enterprises. The Climate Corps Program established by the EDF is one of these ventures, it advances earth friendly principles to MBA interns. Of Late, Ken Mehlman has been in close collaboration with KKR to produce a series of metrics and analytic tools that all kinds of companies can use to measure and manage a wide range of resources. Tools like these let staff see how they are impacting on the environment and discover any problem areas. Henry Kravis, the KKR, and the Environmental Defense Fund are true visionaries in the world of green business. In conclusion, these systems have made ecologically friendly business practice not only viable, but commercially desirable, and their novel ideas are setting a new standard in the business world of today.
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