Originally, when Henry Kravis and his partner George Roberts launched Kohlberg, Kravis, Roberts & Co (KKR) in the mid seventies with assistance from the First Chicago Corporation, their specialty was in highly leveraged transactions. But in a drive to make the companies they buy have less of an ecological impact, KKR have set up an innovative green proposal that has changed the way business concerns and environmental activists work.
Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the New York based Environmental Defense Fund (EDF) got together a year ago, hoping to make environmentally sound business procedures a widespread concept. The coalition was forged to fight big environmental matters, including toxic emissions, air pollution, exorbitant water consumption, and resource depletion.
In order to implement this, they employ a technique called eco-efficiency which makes use of concepts like reducing the waste of resources, recycling programs, and using clean energy. Regardless of the fact that the program was a tremendous success, managment just didn’t realize how extensive the effects were until Ken Mehlman, the man responsible for the program, reviewed the figures for the first year.
Ken Mehlman who practiced environmental law for Akin Gump Stauss Hauer & Feld from 1991 to 1996, has served as field director for George W. Bush’s 2000 presidential campaign, 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, found that using eco-efficiency wasn’t only lessening impact on the planet, but additionally it was saving companies a great deal of money. At the time of writing, Kohlberg, Kravis, Roberts & Co and Ken Mehlman have virtually all of their firms actively participating in eco-efficiency. When you think about the fact that this group of companies is valued at almost 100.000,000,000 USD, you can imagine what a challenge this actually is.
The original program is expanding to include new enterprises. To illustrate, KKR joined the Environmental Defense Fund’s Climate Corps Program that teaches MBA interns how to design and introduce financially sound, earth friendly practices. KKR and Ken Mehlman have been creating a variety of metrics and analytical tools which can manage resources. With this information available, businesses may easily evaluate each of their daily activities and ascertain precisely how they can resolve any issues while at the same time letting staff to view their impact on the planet.
Henry Kravis, the KKR, and the Environmental Defense Fund are trailblazers in the world of green business. So, in conclusion, these systems have made green business techniques not only viable, but commercially desirable, and their novel ideas are setting a new standard in today’s business world.