» The History of Henry Kravis of Kohlberg, Kravis, Roberts & Co & the Environmental Defense Fund

The History of Henry Kravis of Kohlberg, Kravis, Roberts & Co & the Environmental Defense Fund

Posted @ 6:13 pm

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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 main business was in highly leveraged transactions. However, they have put together a unique venture that centers not just on profitability, but additionally on how ecologically friendly each of their companies are.

Green business practice went mainstream last year when KKR’s Henry Kravis and the New York based Environmental Defense Fund (EDF) joined forces. Issues like global warming and reckless consumption of water resources are a priority in their corporate mission statement.

Eco-efficiency (a term originally endorsed by the World Business Council for Sustainable Development) dictates the framework for their mission, by utilizing ecologically sound techniques such as recycling programs, optimizing data centers for efficiency and reducing the waste of resources. Regardless of the fact that the project was a tremendous success, staff just did not recognize how extensive the results were until Ken Mehlman, the head of the Green Portfolio Project and global public affairs, studied the first year’s figures. Ken found that practicing eco-efficiency was not just reducing their impact on the planet, but it was also saving firms a great deal of money. These days, Kohlberg, Kravis, Roberts & Co and Ken Mehlman have well-nigh every associated business involved in eco-efficiency principles. If you think about the fact that the group has a net worth of eighty six billion dollars, you can imagine what an accomplishment this actually is.

These two groups in association with Ken Mehlman are extending the Green Portfolio project. The Climate Corps Program administered by the EDF is just one of these, it campaigns for environmentally friendly business principles to students taking a Master’s in Business Administration.

KKR and Ken Mehlman have been creating products that will be able to manage various resources. Products such as these permit employees see how ecologically friendly they are and identify any areas that might need revision.

Henry Kravis, the KKC, and the Environmental Defense Fund have encouraged all sorts of businesses to reduce their environmental impact. Their developments have simplified the procedure for business organizations in any industry and illustrated that making profits need not entail the hefty price of negatively impacting our planet.

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