The Book Fiend Info Center

Kohlberg, Kravis, Roberts & Co (KKR) was launched by Henry Kravis and his business partner George Roberts in the mid 70’s with the assistance of the First Chicago Corporation. But pushing beyond, hoping to make the businesses they take over greener, KKR have established a remarkable proposal which has totally transformed the way business concerns and environmental activists function.

KKR’s Henry Kravis and the the Environmental Defense Fund (EDF) merged a year ago, with the intention of making green business practices an accepted idea. Their goals include encouraging businesses to oppose environmental threats like air pollution as well as any unbounded consumption of water resources.

Eco-efficiency (a term originally propagated by the WBCSD) is the method applied to achieve these aims, through employing green techniques such as reducing the intensity of materials, recycling programs and reducing the waste of resources. Effective though it was the KKR and EDF didn’t grasp the full program’s advantages until the man in charge of the project, Ken Mehlman, studied the project after a full year in operation. Much to everyone’s surprise, Ken found that this program not only reduced ecological impact, but was increasing the profitability of all their businesses too. Virtually all of the firms held by KKR and Ken Mehlman nowadays actively take part in the Green Portfolio Project. Still, with a current business portfolio with a worth of eighty six billion dollars, you may be certain that this was no easy see what a tremendous feat this is. The initial Green Portfolio project has developed beyond its basic purpose and currently includes new initiatives. The Climate Corps Program founded by the EDF is just one of these projects, it raises awareness of financially sound, earth friendly principles to interns taking a Master’s in Business Administration. Lately, Ken Mehlman has been in close collaboration with KKR to formulate products which business concerns can employ to quantify and manage resources. This type of information is invaluable as businesses may easily examine their day to day processes and find out where any issues can be resolved while at the same time allowing staff to see how environmentally friendly they are. Henry Kravis, the KKC, and the Environmental Defense Fund have made going green easier for businesses all over the world. So, in conclusion, these systems have made ecologically friendly business techniques not only viable, but commercially desirable, and their novel ideas are setting a new standard in the high-pressure business world of today.

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