Henry Kravis of Kohlberg, Kravis, Roberts & Co. , the Environmental Defense Fund and the Changing Face of Environmentally Aware Business
When Henry Kravis and his business partner George Roberts founded Kohlberg, Kravis, Roberts & Co (KKR) in 1976 with help from the First Chicago Corporation, their specialty was in bootstrap buyouts. Moving further, in an exceptional endeavor to make the businesses they buy more environmentally aware, KKR have set in motion a remarkable green project which has fundamentally transformed the method by which businesses and environmental activists operate.
When Henry Kravis from KKR and the non-profit environmental advocacy group Environmental Defense Fund (EDF) got together last year green issues suddenly became a mainstream concern. Big environmental matters like hazardous chemicals and unconscionable water consumption rank high on their list of priorities. In order to implement this, they utilize a formula called eco-efficiency; this makes use of techniques like improving fuel economy through vehicle fleet maintenance, using clean energy, and reducing the dispersion of toxic chemicals. The project was successful, but the management didn’t even realize the full project’s benefits until Ken Mehlman, the executive responsible for the Green Portfolio Project, assessed the program when it had been in operation for its first twelve months.
Ken Mehlman who graduated from Franklin and Marshall College in 1988, has served as Chief of Staff for Texas 12th Congressional District Representative Kay Granger, was appointed to the U.S. Holocaust Memorial Council in 2007 and presently serves as a member of the Council on Foreign Relations Climate Change Task Force, and the board of directors at the National Endowment for Democracy, learned that the project wasn’t just reducing their impact on the environment, but it was also saving a broad range of companies a great deal of money. Up to now, Kohlberg, Kravis, Roberts & Co and Ken Mehlman have well-nigh all of their companies involved in eco-efficiency techniques. Seeing that the group has a value of almost one hundred billion USD, you can see what an accomplishment this actually is. The initial program now encompasses new opportunities. For instance, Kohlberg, Kravis, Roberts & Co linked up with the EDF’s Climate Corps Program that instructs interns taking an MBA how to encourage cost-efficient, green techniques.
What is more, Ken Mehlman has been in close collaboration with Kohlberg, Kravis, Roberts & Co to produce analytic tools that firms can employ to evaluate and administer resources. These tools let management see how ecologically friendly they are and identify any underlying problems.
Henry Kravis, the KKC, and the Environmental Defense Fund have made reducing their ecological impact less painful for business organizations in every sector. Their innovations have simplified the procedure for companies in any industry and shown that making profits need not entail the hefty price of damaging the environment.
