Protecting the Planet: Henry Kravis and Kohlberg, Kravis, Roberts & Co. Make it Less Painful for Us All
When Henry Kravis and George Roberts established Kohlberg, Kravis, Roberts & Co (KKR) in the mid seventies with the support of the First Chicago Corporation, the company’s focus was in leveraged buyouts. Moving on, in the hope of making their portfolio of companies have less of an environmental impact, they have set up a novel green proposal which has completely changed the method by which business concerns and environmental activists function. Green business procedures became more generally recognized last year when KKR’s Henry Kravis and the New York based Environmental Defense Fund (EDF) joined forces. The coalition wanted to tackle a few challenging matters impeding the environment, for instance hazardous emissions, greenhouse gas emissions, irresponsible water consumption, and air pollution. Eco-efficiency (a term originally coined by the World Business Council for Sustainable Development WBCSD) informs the framework for their mission, through applying policies like reducing the dispersion of toxic chemicals, improving fuel economy through vehicle fleet maintenance and recycling programs. Even though the project was an enormous success, managment simply didn’t understand how incredible the consequences really were until Ken Mehlman, the head of the program and global public affairs, carried out the review of the first year. Ken Mehlman who received his J.D. from Harvard Law School in 1991, has served as legislative director to Texas 21st Congressional District Representative Lamar S. Smith, managed the 2004 re-election campaign for President Bush and serves as a member of the Council on Foreign Relations Climate Change Task Force, and the executive leadership cabinet of the Martin Luther King, Jr. National Memorial Foundation, discovered that using eco-efficiency was not merely helping the environment, but additionally it was saving businesses a large amount of money, making the program virtually an instant hit. Well-nigh all of the business organizations affiliated to KKR and Ken Mehlman now utilize eco-efficiency. Considering that this portfolio of business concerns has a value of nearly one hundred billion USD, you can see what an achievement this actually was.
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The Green Portfolio project has developed far beyond its original remit and now encompasses new enterprises. The Climate Corps Program administered by the EDF is a great example of this, it advances eco-efficient principles to MBA interns.
KKR and Ken Mehlman have made the effort to develop a variety of metrics and other applicable products which oversee resources. These systems can assess a company’s environmental impact and identify any underlying issues. Henry Kravis, the KKR, and the Environmental Defense Fund are true trailblazers when it comes to developing ecologically friendly business techniques. Their innovations have simplified the process for firms in every industry and illustrated that running a profitable business need not entail the hefty price of damaging the environment.
