The GMGap Blog

Kohlberg, Kravis, Roberts & Co (KKR) was founded by Henry Kravis and his partner George Roberts in the 1970’s with the assistance of the First Chicago Corporation. Recently they have put together a novel green proposal which centers not simply on optimizing ROI, but likewise on the environmental impact of the companies they acquire. When Henry Kravis from KKR and the non-profit environmental advocacy group Environmental Defense Fund (EDF) joined forces a year ago green issues went mainstream. Significant issues like soil contamination and absurd consumption of water resources are a priority in their corporate mission. Eco-efficiency (a phrase initially coined by the World Business Council for Sustainable Development WBCSD) is the methodology leveraged to achieve these objectives, utilizing techniques like improving fuel economy through vehicle fleet maintenance, maximum use of renewable resources and recycling programs. Regardless of the fact that the program was an enormous success, no-one realized how fantastic the consequences really were until Ken Mehlman, the man in charge of the program, carried out the review of the first twelve months. Only then did Ken Mehlman learn that the project wasn’t only lessening impact on the environment, but in addition it was helping to save business concerns a great deal of money, making the program almost an immediate hit. Just about all of the businesses held by KKR and Ken Mehlman nowadays are participating in the project. Considering that the whole portfolio is valued at virtually $100 billion USD, you can be certain this was no easy accomplishment. Kohlberg, Kravis, Roberts & Co with the Environmental Defense Fund with the help of Ken Mehlman are developing the original project. For instance, KKR got together with the EDF’s Climate Corps Program that teaches MBA interns how to put together and initiate cost-efficient, planet friendly principles. In recent months, Ken Mehlman has been collaborating closely with Kohlberg, Kravis, Roberts & Co to develop a package of systems that businesses can employ to quantify and manipulate various resources. Tools such as these let a business organization to measure their progress and discover any underlying problems.

Henry Kravis, the KKR, and the Environmental Defense Fund are innovators when it comes to promoting green business techniques. In conclusion, these systems have made ecologically friendly business practice not only viable, but commercially desirable, and their radical ideas are setting a new standard in today’s community.