Kohlberg, Kravis, Roberts & Co (KKR) was established by Henry Kravis and George Roberts in the 1970’s with the assistance of the First Chicago Corporation. But recently they have assembled a unique green proposal which concentrates not merely on how profitable a company is, but additionally on how environmentally friendly each of the corporate entities in their portfolio currently are.
When Henry Kravis from KKR and the Environmental Defense Fund (EDF) merged last year environmental issues went mainstream. Issues like toxic waste and preposterous water consumption are high on their agenda.
Eco-efficiency (a phrase originally promoted by the World Business Council for Sustainable Development WBCSD) is the routine applied to achieve these aims, using policies like using clean energy, maximum use of renewable resources and fuel economy. Simple and effective, yet the KKR and EDF didn’t even understand the range of the program’s advantages until Ken Mehlman, the head of the Green Portfolio Project and global public affairs, evaluated the project when it had been operating for a year. Ken who graduated from Franklin and Marshall College in 1988, has also served as Chief of Staff for Texas 12th Congressional District Representative Kay Granger, became Managing Director and Head of Global Public Affairs at Kohlberg Kravis Roberts & Co, LLP in 2008, is, moreover, a trustee of the United States Holocaust Memorial Museum and Franklin & Marshall College and currently serves as a member of the executive leadership cabinet of the Martin Luther King, Jr. National Memorial Foundation, the Council on Foreign Relations Climate Change Task Force, and the board of directors at the National Endowment for Democracy, saw that eco-efficiency was not merely lessening impact on the environment, but additionally it was saving companies a substantial amount of money. Well-nigh all of the commercial concerns affiliated to KKR and Ken Mehlman nowadays are taking part in eco-efficiency. And, when you consider that the group has a 2009 business portfolio estimated at $86,000,000,000, you can be certain that this was no easy see what an enormous feat this is. Kohlberg, Kravis, Roberts & Co with the Environmental Defense Fund in association with Ken Mehlman are further expanding the original Green Portfolio project. The Climate Corps Program administrated by the Environmental Defense Fund is a good illustration of this, it heightens awareness of environmentally friendly business techniques to MBA interns.
KKR and Ken Mehlman have made the effort to formulate metrics that will be able to measure and administer various resources. These products can measure an organization’s ecological impact and identify any underlying issues. Henry Kravis, the KKR, and the Environmental Defense Fund are genuine pioneers in the world of green business. So, in conclusion, these systems have made green business practice not only viable, but commercially desirable, and their novel ideas are setting a new standard in the business world of today.