Kohlberg, Kravis, Roberts & Co (KKR) was established in the mid 70’s and initially their specialty was in ‘bootstrap’ buyouts. But they have put together a remarkable enterprise which concentrates not simply on ROI, but also on how environmentally aware each of their companies are. KKR’s Henry Kravis and the non-profit Environmental Defense Fund (EDF) got together last year, with the goal of making environmentally aware business operation a mainstream concept. Critical green matters like resource depletion and undue water consumption feature high on their agenda. In order to attain these goals, they apply a method dubbed eco-efficiency; this uses concepts such as increasing the durability of products, recycling programs, and fuel economy. Simple and effective, but the businesses involved didn’t even understand the entirety of the advantages of the project until the man in charge of the project, Ken Mehlman, reviewed the program when it had been up and running for a year.
Beating everybody’s expectations, Ken saw that the program not only enhanced environmental awareness, but was increasing the profits from all their companies as well. At the time of writing, KKR and Ken Mehlman have well-nigh every associated company involved in eco-efficiency techniques. Yet, with a current portfolio worth eighty-six billion dollars, you may be certain that this was no easy accomplishment.
The original Green Portfolio project has developed beyond its basic purpose and today encompasses new and innovative enterprises. To illustrate, KKR joined the EDF’s Climate Corps Program a venture that instructs MBA interns how to promote cost efficient, environmentally friendly practices.
Lately, Ken Mehlman has been in close collaboration with Kohlberg, Kravis, Roberts & Co to formulate metrics that a range of business organizations can utilize to measure and manage a number of resources. With this information available, businesses may easily assess their everyday activities and ascertain how they can resolve any issues while simultaneously tracking their progress. Henry Kravis, the KKC, and the Environmental Defense Fund have made going green less painful for companies large and small. These innovations have set a high standard for businesses in every sector and demonstrated that running a profitable business need not entail the hefty price of damaging the environment.
