In the beginning, when Henry Kravis and his business partner George Roberts established Kohlberg, Kravis, Roberts & Co (KKR) in 1976 with assistance from the First Chicago Corporation, the company’s specialization was in highly leveraged transactions. But moving beyond, aiming to make the businesses they acquire more ecologically friendly, KKR have established a novel enterprise that has dramatically changed the method by which business concerns and environmental agencies function. When Henry Kravis from KKR and the Environmental Defense Fund (EDF) merged only a year ago environmental issues in the business world became major topic of dicussion. They wanted to campaign against crucial issues impeding the ecology of the planet, such as water pollution, depletion of the ozone layer, exaggerated water consumption, and deforestation.
To follow through with these goals, they utilize a method termed eco-efficiency, this involves concepts such as optimizing data centers for efficiency, increasing the durability of products, and recycling programs. Successful though it was the KKR and EDF didn’t even understand the full advantages of the project until Ken Mehlman, the head of the Green Portfolio Project and global public affairs, reviewed the project when it had been functioning for a year.
Eclipsing everybody’s expectations, Ken saw that applying eco-efficiency not only enhanced environmental awareness, but was increasing the profitability of all their business concerns besides. Almost all of the firms held by KKR and Ken Mehlman at present participate in the Green Portfolio Project. Seeing that the group is valued at 86,000,000,000 dollars, you can imagine what an enormous achievement this really was. KKR with the Environmental Defense Fund along with Ken Mehlman are developing the original project. The Climate Corps Program administered by the Environmental Defense Fund is an example of this, it heightens awareness of eco-efficient principles to MBA interns.
Of Late, Ken Mehlman has been working closely with KKR to develop products that firms can employ to evaluate resources. Programs such as these can measure a company’s environmental impact and identify any underlying issues. Henry Kravis, the KKC, and the Environmental Defense Fund have encouraged all sorts of businesses to go green. Their developments have made cutting back their environmental impact less problematic for companies in every industry and established that making profits need not entail the hefty price of negatively impacting our planet.