The Whole Story Apropos of Henry Kravis of Kohlberg, Kravis, Roberts & Co
Kohlberg, Kravis, Roberts & Co (KKR) was launched by Henry Kravis and George Roberts in the 70’s with assistance from the First Chicago Corporation. But moving beyond, hoping to make the companies they acquire greener, they have set in motion a unique enterprise which has completely transformed the way business concerns and environmental agencies operate. KKR’s Henry Kravis and the non-profit environmental advocacy group Environmental Defense Fund (EDF) joined forces last year, intending to make environmentally aware business procedures an accepted idea. This coalition intended to tackle primary matters damaging the ecology of the planet, for instance greenhouse gas emissions, hazardous waste, exaggerated consumption of water resources, and global warming. To follow through with this, they utilize eco-efficiency; this uses practicable techniques such as reducing the dispersion of toxic chemicals, waste reduction, and improving fuel economy through vehicle fleet maintenance. Simple and effective, but the management did not see the full advantages of the program until Ken Mehlman, the head of the program and global public affairs, reviewed the numbers from the project when it had been up and running for a year. Ken Mehlman found out that the project was not just protecting the environment, but additionally it was helping to save companies a remarkable amount of money. Virtually all of the firms owned by Kohlberg, Kravis, Roberts & Co and Ken Mehlman nowadays practice eco-efficiency. Still, with a current portfolio valued at 86,000,000,000 dollars, you may be sure this wasn’t an easy feat.
The initial project now encompasses new initiatives. The Climate Corps Program established by the EDF is just one of these initiatives, it promotes financially sound, ecologically friendly principles to students studying for a Master’s degree in Business Administration.
KKR and Ken Mehlman have taken the time to formulate metrics that manage various resources. These metrics permit any business organization see how they are progressing and discover any problem areas. Henry Kravis, the KKC, and the Environmental Defense Fund have made reducing their environmental impact more attractive for business organizations all over the country. Their innovations have set a benchmark for companies in any industry and proved that making profits need not entail the hefty price of negatively impacting our planet.