The Press Hacker

Kohlberg, Kravis, Roberts & Co (KKR) was launched by Henry Kravis and George Roberts in the mid-seventies with support from the First Chicago Corporation. But in the hope of making their portfolio of companies have less environmental impact, KKR have founded an unusual green project which has changed the way businesses and environmental agencies work. Green business procedures went mainstream in 2008 when KKR’s Henry Kravis and the non-profit environmental advocacy group Environmental Defense Fund (EDF) merged. Significant green matters like water pollution and disproportionate water consumption are a top priority in their corporate mission.

In order to attain these goals, they employ a method dubbed eco-efficiency; this calls for techniques such as recycling programs, reducing the intensity of materials, and reducing the waste of resources. Even though the project was an enormous success, no-one understood how extensive the results were until Ken Mehlman, the head of the project and global public affairs, finished the review of the first 12 months.

Outmatching everyone’s expectations, Ken found that the Green Portfolio Project not only raised environmental responsibility, but was also increasing the the profit from every last company besides. Well-nigh all of the commercial organizations connected with KKR and Ken Mehlman at present are actively engaged in the project. Seeing that the portfolio is worth virtually one hundred billion USD, you can imagine what a feat this really was. Kohlberg, Kravis, Roberts & Co along with Ken Mehlman are developing the Green Portfolio project. To illustrate, Kohlberg, Kravis, Roberts & Co got together with the Environmental Defense Fund’s Climate Corps Program an enterprise which instructs interns studying for a Master’s degree in Business Administration how to introduce financially sound, environmentally friendly practices.

KKR and Ken Mehlman have been creating metrics and other related systems which will be able to quantify and manipulate various resources. Products like these can assess an organization’s progress and identify any problem areas.

Henry Kravis, the KKR, and the Environmental Defense Fund are true innovators in the world of green business. Their revolutionary developments have simplified the procedure for businesses in every sector and illustrated that running a profitable business need not entail the hefty price of damaging the environment.