Horse Hubs

Kohlberg, Kravis, Roberts & Co (KKR) was established by Henry Kravis and his business partner George Roberts in 1976 with assistance from the First Chicago Corporation. However, in the hope of making their acquisitions greener, they have set up an innovative project which has dramatically changed the method by which businesses and environmental groups work. KKR’s Henry Kravis and the non-profit environmental advocacy group Environmental Defense Fund (EDF) joined forces last year, with the mission of making green business practices a commonplace concept. Issues like hazardous emissions and unrestrained consumption of water resources feature high on their list of objectives. Eco-efficiency (a term originally advertised by the WBCSD) is the formula applied to achieve these aims, by applying green techniques such as fuel economy, recycling programs and increasing the durability of products. Impressive though it was the KKR and EDF did not even understand the range of the benefits of the project until the head of the program and global public affairs, Ken Mehlman, studied the project when it had been up and running for its first full year.

Only then did Ken Mehlman observe that practicing eco-efficiency wasn’t simply helping the environment, but it was also helping to save business concerns a great deal of money. Currently, Kohlberg, Kravis, Roberts & Co and Ken Mehlman have well-nigh every associated organization taking part in eco-efficiency techniques. If you think about the fact that this group of business concerns has a net worth of 86,000,000,000 dollars, you may see what a huge feat this really is.

The original Green Portfolio project now encompasses new initiatives. The Climate Corps Program established by the Environmental Defense Fund is just one of these, it promotes cost-effective, green practices to students taking a Master’s in Business Administration.

KKR and Ken Mehlman have taken the time to create a series of metrics and analytic tools which will be able to administer various resources. These products can evaluate a company’s ecological impact and identify any underlying problems.

Henry Kravis, the KKR, and the Environmental Defense Fund truly are innovators when it comes environmentally friendly business practices. In conclusion, the work of these organizations has made green business techniques not only viable, but commercially desirable, and their novel ideas are setting a new standard in today’s business world.