A Messsage ForTo You Relating to Henry Kravis of Kohlberg, Kravis, Roberts & Co
Kohlberg, Kravis, Roberts & Co (KKR) was founded in the seventies and orginally their specialization was in highly leveraged transactions. But aiming to make their portfolio companies and acquisitions more ecologically aware and more profitable in the same stride, KKR have set in motion a remarkable enterprise that has dramatically changed the way business concerns and environmental groups work in a big way. Green business practice went mainstream a year ago when KKR’s Henry Kravis and the the Environmental Defense Fund (EDF) joined forces. Issues like depletion of the ozone layer and high consumption of water resources rank high on their list of priorities.
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Eco-efficiency (a term first coined by the WBCSD) is the formula applied to achieve these goals, through employing environmentally aware policies like recycling programs, improving fuel economy through vehicle fleet maintenance and optimizing data centers for efficiency. Even though the project was a tremendous success, managment simply didn’t understand how extensive the results were until Ken Mehlman, the person in charge of the Green Portfolio Project, finished the first annual review.
Only at that point did Ken notice that utilizing eco-efficiency wasn’t merely helping to conserve the local environment, but additionally it was helping to save businesses a great deal of money, and therefore the program turned into virtually an immediate hit. Almost all of the business concerns owned by Kohlberg, Kravis, Roberts & Co and Ken Mehlman now use eco-efficiency. If you consider that this portfolio of business concerns is worth $86,000,000,000, you can see what a feat this really is.
The Green Portfolio project has now broadened to include new enterprises. For instance, Kohlberg, Kravis, Roberts & Co got together with the EDF’s Climate Corps Program that teaches MBA interns how to introduce financially astute, earth friendly practices. More recently, Ken Mehlman has worked closely with KKR to produce metrics that businesses can utilize to evaluate and oversee a number of resources. These tools let staff see how they are impacting on the environment and discover any problem areas.
Henry Kravis, the KKR, and the Environmental Defense Fund really are visionaries in the business world. Their innovations have made going green less problematic for firms in any sector and proved that making profits need not entail the hefty price of negatively impacting our planet.
