Kohlberg, Kravis, Roberts & Co (KKR) was established by Henry Kravis and George Roberts in the mid seventies with some support from the First Chicago Corporation. But just a year ago they have set up a unique enterprise which concentrates not alone on profitability, but in addition on the environmental impact of the companies they invest in. When Henry Kravis from KKR and the non-profit environmental advocacy group Environmental Defense Fund (EDF) got together a year ago green issues went mainstream. Significant environmental issues like water pollution and monumental water consumption are an important part of their company mission. Eco-efficiency (a term initially promoted by the WBCSD) is the method deployed to achieve these goals, through employing techniques like recycling programs, improving fuel economy through vehicle fleet maintenance and reducing the waste of resources. Successful though it was the management did not grasp the full advantages of the program until Ken Mehlman, the man in charge of the program, assessed the program following its first year in operation.
Much to everybody’s surprise, Ken learned that this program not only enhanced environmental awareness, but was increasing the profits from all their companies too. These days, KKR and Ken Mehlman have nearly every associated business involved in eco-efficiency. Yet, when you consider that the group has a current business portfolio estimated at $86,000,000,000, you may be sure this was not an easy feat.
Kohlberg, Kravis, Roberts & Co with the Environmental Defense Fund alongside Ken Mehlman have also extended the initial project. To illustrate, Kohlberg, Kravis, Roberts & Co got together with the Environmental Defense Fund’s Climate Corps Program that instructs students studying for a Master’s degree in Business Administration how to encourage financially strong, ecologically friendly principles. Moreover, Ken Mehlman has been cooperating closely with Kohlberg, Kravis, Roberts & Co to develop a variety of metrics and analytic tools which firms can utilize to quantify and administer a wide range of resources. Products like these permit management see how they are progressing and discover any problem areas.
Henry Kravis, the KKC, and the Environmental Defense Fund have made reducing their ecological impact simpler for business organizations all over the country. These innovations have set a high standard for organizations in any industry and demonstrated that making profits need not entail the hefty price of damaging the environment.
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