The History of Kohlberg, Kravis, Roberts & Co and the Environmental Defense Fund
Kohlberg, Kravis, Roberts & Co (KKR) was founded in the mid-seventies and initially the company’s focus was in ‘bootstrap’ buyouts. Recently aiming to make the businesses they buy more environmentally aware, KKR have established an extraordinary green enterprise that has fundamentally transformed the way businesses and environmental activists work. Environmentally aware business procedures became more broadly adopted a year ago when KKR’s Henry Kravis and the New York based Environmental Defense Fund (EDF) merged. Significant matters like toxic waste and high water consumption are high on their agenda.
In order to accomplish these goals, they use eco-efficiency, this calls for concepts such as recycling programs, using clean energy, and improving fuel economy through vehicle fleet maintenance. Successful though it was the KKR and EDF did not even realize the full benefits of the project until Ken Mehlman, the head of the project and global public affairs, studied the program following its first year in operation.
Only at that point did Ken observe that utilizing eco-efficiency wasn’t only helping to maintain the environment, but additionally it was helping to save a diverse range of companies a considerable amount of money, making the program virtually an immediate success. These days, Kohlberg, Kravis, Roberts & Co and Ken Mehlman have virtually every associated company actively involved in the program. Considering that the group has a net worth of $86,000,000,000, you can imagine what an enormous achievement this actually is. The original Green Portfolio project has now broadened to encompass new ventures. The Climate Corps Program founded by the EDF is an example of this, it campaigns for eco-efficient techniques to interns taking an MBA. What is more, Ken Mehlman has been in close collaboration with Kohlberg, Kravis, Roberts & Co to formulate analytic tools which business concerns can employ to measure and oversee a number of resources. Products such as these can assess an organization’s environmental impact and identify any underlying issues. Henry Kravis, the KKR, and the Environmental Defense Fund are trailblazers when it comes to developing green business techniques. These innovations have made decreasing their ecological impact simpler for businesses in any sector and illustrated that running a profitable business need not entail the hefty price of damaging the environment.
