Green Business: Kohlberg, Kravis, Roberts & Co. And the Environmental Defense Fund
Kohlberg, Kravis, Roberts & Co (KKR) was founded by Henry Kravis and his partner George Roberts in the mid 70’s with assistance from the First Chicago Corporation. Pushing beyond, in a drive to make their acquisitions greener, they have set up a unique venture that has entirely transformed the way businesses and environmental groups work.
KKR’s Henry Kravis and the New York based Environmental Defense Fund (EDF) merged a year ago, with the mission of making green business practice an acknowledged concept. This alliance intended to oppose some primary issues damaging the environment, that include toxic emissions, water pollution, ecologically unsustainable consumption of water resources, and hazardous chemical use.
To achieve these goals, they deploy a technique termed eco-efficiency, this calls for techniques like recycling programs, optimizing data centers for efficiency, and maximum use of renewable resources. Regardless of the fact that the project was an enormous success, managment simply did not realize how significant the results really were until Ken Mehlman, the executive responsible for the program, finished the first annual review. Ken who practiced environmental law for Akin Gump Stauss Hauer & Feld, has also served as legislative director to Texas 21st Congressional District Representative Lamar S. Smith, was the appointed Chairman of the Republican National Committee from 2005 to 2007 and currently serves as a member of the Senior Advisory Committee of the Harvard University Institute of Politics, the Council on Foreign Relations Climate Change Task Force, and the executive leadership cabinet of the Martin Luther King, Jr. National Memorial Foundation, observed that the program wasn’t only reducing their ecological impact, but additionally it was saving firms a great deal of money, making the program virtually an immediate success. Virtually all of the commercial concerns owned by Kohlberg, Kravis, Roberts & Co and Ken Mehlman at present use eco-efficiency. And, with a 2009 business portfolio worth $86,000,000,000, you can be sure this was no easy feat.
The initial Green Portfolio project now includes new opportunities. To illustrate, Kohlberg, Kravis, Roberts & Co linked up with the Environmental Defense Fund’s Climate Corps Program that instructs MBA students how to introduce financially strong, green principles.
More recently, Ken Mehlman has been in close collaboration with KKR to develop a package of metrics and other relevant systems which all kinds of business organizations can utilize to measure and manage a number of resources. With this information available, any business can assess their day-to-day activities and find out precisely how they can improve while simultaneously tracking their progress. Henry Kravis, the KKC, and the Environmental Defense Fund have encouraged all sorts of businesses to go green. So, 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 today’s world.
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