Kohlberg, Kravis, Roberts & Co (KKR) was set up by Henry Kravis and George Roberts in the 1970’s with some help from the First Chicago Corporation. However, hoping to make the companies in their portfolio have less environmental impact, they have set in motion an extraordinary proposal which has completely changed the method by which business concerns and environmental activists carry on their day-to-day business. Green business practice became major topic a year ago when KKR’s Henry Kravis and the independent Environmental Defense Fund (EDF) merged. Their corporate mission is to offer encouragement to firms in avoiding operations which may jeopardize the environment such as air pollution as well as any reckless water consumption.
In order to implement this, they employ eco-efficiency which calls for concepts such as recycling programs, waste reduction, and optimizing data centers for efficiency. Successful though it was the management did not understand the full advantages of the program until Ken Mehlman, the executive in charge of the Green Portfolio Project, reviewed the program when it had been in operation for its first twelve months.
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Beating everyone’s expectations, Ken discovered that this program not only diminished environmental impact, but also increased the profitability of all their business concerns as well. Just about all of the commercial organizations affiliated to Kohlberg, Kravis, Roberts & Co and Ken Mehlman now participate in the Green Portfolio Project. And, with a current business portfolio with an estimated worth of $86,000,000,000, you can be sure that this was not an easy feat. Kohlberg, Kravis, Roberts & Co and the EDF along with Ken Mehlman are developing the original program. The Climate Corps Program founded by the EDF is an example of this, it promotes ecologically friendly business techniques to students studying for an MBA.
KKR and Ken Mehlman have taken the time to develop metrics and analytical tools which administer resources. These products can evaluate a company’s ecological impact and identify any problem areas. Henry Kravis, the KKC, and the Environmental Defense Fund have encouraged all sorts of businesses to go green. In conclusion, these systems have made environmentally friendly business practice not only viable, but commercially desirable, and their radical ideas are setting a new standard in today’s business world.
