UND-Pilsa Blog

Kohlberg, Kravis, Roberts & Co (KKR) was set up by Henry Kravis and his business partner George Roberts in the mid 70’s with the support of the First Chicago Corporation. However, hoping to make the companies in their portfolio greener and more profitable in the same stride, they have rolled out a unique proposal that has completely transformed the way business concerns and environmental agencies carry on their day-to-day business.

When Henry Kravis from KKR and the non-profit Environmental Defense Fund (EDF) merged a year ago environmental matters in the business community became major discussion topic. Their company mission is to encourage their affiliated firms to oppose operations which may threaten the environment e.g. toxic chemical use and any flagrant consumption of water resources. To implement these goals, they employ eco-efficiency; this makes use of concepts like maximum use of renewable resources, reducing the waste of resources, and using clean energy. Effective though it was the management did not realize the full program’s advantages until the executive responsible for the Green Portfolio Project, Ken Mehlman, evaluated the numbers from the project when it had been up and running for its first full year. Ken found that the program wasn’t merely helping to conserve the local environment, but additionally it was saving firms a great deal of money, and consequently the project turned into almost an instant success. Nearly all of the business organizations owned by Kohlberg, Kravis, Roberts & Co and Ken Mehlman at present actively take part in the Green Portfolio Project. However, when you consider that the group has a current business portfolio with an estimated value of 86,000,000,000 dollars, you may be certain that this wasn’t an easy feat.

The original program has now broadened to include new opportunities. For instance, Kohlberg, Kravis, Roberts & Co got together with the EDF’s Climate Corps Program that teaches MBA students how to formulate and introduce cost-efficient, earth friendly techniques. In recent months, Ken Mehlman has been collaborating closely with KKR to create a package of products that business concerns can utilize to quantify assorted resources. This type of information is significant as businesses may without much effort assess their everyday processes and identify precisely how any problems may be solved while at the same time permitting them to determine their impact on the planet.

The business community has been entirely revolutionized by the work of Henry Kravis, the KKC, and the Environmental Defense Fund. Their developments have simplified the process for organizations in every sector and proved that running a profitable business need not entail the hefty price of negatively impacting our planet.