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Kohlberg, Kravis, Roberts & Co (KKR) was founded in the mid-seventies and to begin with the firm’s main business was in highly leveraged transactions. But they have established a remarkable green proposal which centers not merely on how much profit they can produce, but likewise on how ecologically friendly each of their companies are. Green business practice went mainstream in 2008 when Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the non-profit Environmental Defense Fund (EDF) got together. Issues like hazardous emissions and high consumption of water resources are a priority in their corporate mission statement.
Eco-efficiency (the phrase was initially endorsed by the World Business Council for Sustainable Development) is the formula deployed to achieve these aims, through employing green policies such as reducing the intensity of materials, optimizing data centers for efficiency and improving fuel economy through vehicle fleet maintenance. Simple and effective, but the firms involved didn’t even realize the full program’s benefits until Ken Mehlman, the person responsible for the Green Portfolio Project, looked over the numbers from the project when it had been in operation for its first year. Knocking off all expectations, Ken saw that the project not only helped in preserving the local environment, but was increasing the the net profit from all their companies too. Just about all of the businesses connected with Kohlberg, Kravis, Roberts & Co and Ken Mehlman nowadays are actively involved in eco-efficiency. And, with a 2009 portfolio worth eighty six billion dollars, you may be certain that this was not an easy feat. Kohlberg, Kravis, Roberts & Co with the EDF in association with Ken Mehlman are further developing the initial Green Portfolio project. To illustrate, Kohlberg, Kravis, Roberts & Co linked up with the Environmental Defense Fund’s Climate Corps Program which instructs interns taking a Master’s degree in Business Administration how to introduce cost-efficient, green practices. KKR and Ken Mehlman have been creating analytical tools and other related systems which quantify and manage resources. These systems can track a company’s progress and identify any problem areas. Today’s business community has been altogether changed by the pioneering work of these groups. These innovations have simplified the process for organizations in any sector and established that making profits need not entail the hefty price of negatively impacting our planet.
