Kohlberg, Kravis, Roberts & Co (KKR) was set up in 1976 and in those days the company’s specialty was in ‘bootstrap’ buyouts. Lately aiming to make their acquisitions have less of a negative environmental impact, they have founded an extraordinary green enterprise that has dramatically transformed the way businesses and environmental agencies work in a major way.
KKR’s Henry Kravis and the the Environmental Defense Fund (EDF) joined forces in 2008, with the intention of making green business practice an acknowledged principle. Issues like resource depletion and unconscionable water consumption feature high on their agenda. Eco-efficiency (the phrase was first advocated by the World Business Council for Sustainable Development) defines the framework for their mission, employing techniques like improving fuel economy through vehicle fleet maintenance, reducing the waste of resources and fuel economy. Impressive though it was the businesses who were taking part did not grasp the range of the program’s advantages until Ken Mehlman, the person responsible for the project, evaluated the project subsequent to a year in operation. Only at that point did Ken notice that utilizing eco-efficiency was not merely reducing their impact on the planet, but additionally it was helping to save firms a great deal of money. Just about all of the businesses connected with KKR and Ken Mehlman at present are involved in eco-efficiency. Still, with a 2009 business portfolio worth 86,000,000,000 USD, you can be certain this was no easy feat.
The original program has developed far beyond its initial remit and these days includes new ventures. The Climate Corps Program administrated by the EDF is one of these projects, it promotes environmentally friendly techniques to interns taking an MBA.
KKR and Ken Mehlman have been creating a variety of analytical tools and other related products that measure and oversee resources. These metrics can track an organization’s progress and identify any underlying issues.
The business community has been completely transformed by the pioneering efforts of Henry Kravis, the KKC, and the Environmental Defense Fund. Their innovations have set a high standard for businesses in any industry and demonstrated that making profits need not entail the hefty price of damaging the environment.