UND-Pilsa Blog

Kohlberg, Kravis, Roberts & Co (KKR) was founded in the mid seventies and to begin with the firm’s focus was in leveraged buyouts. Pushing beyond, in an exceptional attempt to make the companies in their portfolio more ecologically friendly, they have rolled out a remarkable green proposal which has transformed the way business concerns and environmental activists function.

When Henry Kravis from KKR and the non-profit Environmental Defense Fund (EDF) got together only a year ago green matters suddenly turned into a mainstream concern. They was forged to oppose many important issues damaging the ecology of the earth, such as resource depletion, air pollution, irresponsible consumption of water resources, and hazardous emissions. Eco-efficiency (a phrase originally promoted by the WBCSD) is the routine used to achieve these goals, by using techniques such as increasing the durability of products, fuel economy and reducing the waste of resources. Efficient though it was the KKR and EDF did not grasp the totality of the program’s benefits until Ken Mehlman, the head of the program and global public affairs, evaluated the program when it had been in operation for a year. Much to everyone’s surprise, Ken saw that using eco-efficiency not only assisted in proctecting the local environment, but also increased the the net profit from each and every business as well. At the time of writing, KKR and Ken Mehlman have virtually all of their companies engaged in eco-efficiency. Considering that this group of business concerns has a value of virtually $100 billion dollars, you can see what an achievement this actually is. The Green Portfolio project has developed beyond its initial remit and nowadays includes new ventures. The Climate Corps Program set up by the Environmental Defense Fund is a good illustration of this, it raises awareness of cost-effective, earth friendly procedures to MBA interns. KKR and Ken Mehlman have been formulating a variety of metrics and other relevant products that have the ability to oversee various resources. Products like these permit management to assess their progress and identify any underlying issues.

Henry Kravis, the KKR, and the Environmental Defense Fund are innovators in the business world. These innovations have simplified the process for businesses in any industry and established that making profits need not entail the hefty price of damaging the environment.