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Initially, when Henry Kravis and his business partner George Roberts established Kohlberg, Kravis, Roberts & Co (KKR) in the 1970’s with the support of the First Chicago Corporation, the company’s specialty was in highly leveraged transactions. But they have established an exceptional enterprise which focuses not only on profitability, but in addition on how environmentally friendly each of their companies are.
Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the independent Environmental Defense Fund (EDF) merged in 2008, hoping to make environmentally friendly business procedures a mainstream concept. These companies aims to campaign against all important green matters, which include hazardous chemicals, soil contamination, unconscionable consumption of water resources, and air pollution.
Eco-efficiency (a term initially coined by the World Business Council for Sustainable Development WBCSD) is the method leveraged to achieve these objectives, employing green policies such as waste reduction, using clean energy and maximum use of renewable resources. Even though the program was an enormous success, no-one recognized how fantastic the results were until Ken Mehlman, the man responsible for the Green Portfolio Project, finished the review of the first year.
Outmatching everybody’s expectations, Ken discovered that this program not only enhanced environmental awareness, but was increasing the the net profit from each company too. Just about all of the firms affiliated to KKR and Ken Mehlman nowadays take part in the Green Portfolio Project. Considering that this group of companies has a net worth of 86 billion dollars, you can imagine what a feat this really was. The original project now includes new opportunities. For instance, Kohlberg, Kravis, Roberts & Co linked up with the Environmental Defense Fund’s Climate Corps Program which instructs students studying for an MBA how to promote financially astute, ecologically friendly practices.
KKR and Ken Mehlman have been formulating a series of metrics and other relevant products which manage resources. Programs like these can track a company’s environmental impact and identify any practices which may need revision. Henry Kravis, the KKR, and the Environmental Defense Fund are genuine pioneers in the world of green business. These innovations have simplified the procedure for business organizations in any sector and established that making profits need not entail the hefty price of negatively impacting our planet.
