Kohlberg, Kravis, Roberts & Co. , the Environmental Defense Fund and the Rise of Green Business
Kohlberg, Kravis, Roberts & Co (KKR) was established by Henry Kravis and George Roberts in 1976 with the assistance of the First Chicago Corporation. But they have set up a unique proposal which centers not merely on maximized profit margins, but likewise on how ecologically friendly each of their companies are.
KKR’s Henry Kravis and the New York based Environmental Defense Fund (EDF) joined forces last year, intending to make green business processes an acknowledged concept. Pivotal green issues like water pollution and unrestricted water consumption are high on their list of goals.
Eco-efficiency (the term was initially advocated by the World Business Council for Sustainable Development) defines their mission’s framework, employing techniques such as improving fuel economy through vehicle fleet maintenance, reducing the waste of resources and fuel economy. The Green Portfolio Project was well received, nevertheless the management did not even understand the full advantages of the project until the head of the project and global public affairs, Ken Mehlman, evaluated the program following a full year in operation. Ken Mehlman who practiced environmental law for Akin Gump Stauss Hauer & Feld from 1991 to 1996, has served as director of the White House Office of Political Affairs from 2000 through 2005, was the appointed Chairman of the Republican National Committee from 2005 to 2007 and serves as a member of the board of directors at the National Endowment for Democracy, 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, saw that utilizing eco-efficiency was not simply cutting environmental impact, but additionally it was saving companies a great deal of money, and so the project became virtually an immediate hit. To date, KKR and Ken Mehlman have succeeded in getting virtually every associated business actively participating in the Green Portfolio Project. Considering that this portfolio of companies is worth almost 100.000,000,000 USD, you can imagine what a feat this actually is.
The Green Portfolio project has developed far beyond its basic purpose and these days includes new and groundbreaking initiatives. The Climate Corps Program administered by the EDF is an example of this, it promotes cost-efficient, environmentally friendly principles to interns studying for a Master’s in Business Administration.
Of Late, Ken Mehlman has been in close collaboration with KKR to formulate a variety of metrics and analytical tools that firms can use to evaluate and oversee resources. This type of data is crucial as companies may easily assess all of their everyday activities and find out how they can improve while simultaneously seeing their progress. Henry Kravis, the KKC, and the Environmental Defense Fund have encouraged all sorts of businesses to become more ecologically friendly. In conclusion, these systems have made environmentally friendly business techniques not only viable, but commercially desirable, and their radical ideas are setting a new standard in the business world of today.
