The Story of Kohlberg, Kravis, Roberts & Co & the Environmental Defense Fund
When Henry Kravis and George Roberts set up Kohlberg, Kravis, Roberts & Co (KKR) in the seventies with support from the First Chicago Corporation, the firm’s specialty was in leveraged buyouts. But going on, aiming to make the businesses in their portfolio more environmentally friendly, KKR have founded an exceptional green enterprise which has dramatically changed the method by which business concerns and environmental agencies function. Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the non-profit environmental advocacy group Environmental Defense Fund (EDF) merged last year, with the mission of making environmentally sound business practices an acknowledged idea. Their company mission is to offer encouragement to their associated firms in fighting against environmental threats like hazardous emissions as well as any preposterous water consumption.
In order to implement this, they utilize eco-efficiency; this makes use of concepts like increasing the durability of products, maximum use of renewable resources, and reducing the waste of resources. Efficient though it was the KKR and EDF did not even understand the full project’s benefits until the person responsible for the program, Ken Mehlman, reviewed the project following its first year in operation. Ken Mehlman who received a J.D. from Harvard Law School in 1991, has served as Chief of Staff for Texas 12th Congressional District Representative Kay Granger, was appointed to the U.S. Holocaust Memorial Council in 2007, is, moreover, a trustee of Franklin & Marshall College and the United States Holocaust Memorial Museum and currently serves as a member of the executive leadership cabinet of the Martin Luther King, Jr. National Memorial Foundation, and the board of directors at the National Endowment for Democracy, noticed that utilizing eco-efficiency wasn’t merely cutting environmental impact, but additionally it was helping to save firms a significant amount of money. These days, Kohlberg, Kravis, Roberts & Co and Ken Mehlman have nearly every last company in their portfolio actively engaged in eco-efficiency principles. Considering that this group of businesses has a value of virtually one hundred billion USD, you may see what a huge feat this really is. The original project now encompasses new initiatives. The Climate Corps Program established by the Environmental Defense Fund is a good example of this, it raises awareness of earth friendly principles to MBA interns.
More recently, Ken Mehlman has been in close collaboration with KKR to formulate a variety of products which a variety of businesses can utilize to quantify and administer resources. These systems permit employees see how green they are and discover any problem areas.
Today’s business community has been transformed permanently by the environmentally focused work of these individuals. These developments have made decreasing their environmental impact easier for companies in any industry and established that running a profitable business need not entail the hefty price of damaging the environment.
