In the beginning, when Henry Kravis and George Roberts established Kohlberg, Kravis, Roberts & Co (KKR) in the mid-seventies with some support from the First Chicago Corporation, the company’s specialization was in highly leveraged transactions. But recently they have established a remarkable green enterprise which concentrates not merely on how profitable an enterprise is, but also on how environmentally friendly each of their companies are.
When Henry Kravis from KKR and the Environmental Defense Fund (EDF) merged only a year ago green issues went mainstream. Issues like hazardous chemical use and preposterous consumption of water resources are a top priority in their company mission.
In order to accomplish these goals, they apply a technique labeled eco-efficiency which uses techniques such as reducing the intensity of materials, recycling programs, and reducing the waste of resources. Effective though it was the KKR and EDF did not grasp the scope of the advantages of the program until the man responsible for the Green Portfolio Project, Ken Mehlman, studied the program when it had been up and running for its first full year.
Only at that point did Ken discover that eco-efficiency wasn’t just reducing their impact on the environment, but in addition it was helping to save a diverse range of businesses a large sum of money. These days, Kohlberg, Kravis, Roberts & Co and Ken Mehlman have well-nigh all of their firms involved in eco-efficiency principles. When you consider that the whole portfolio is worth 86,000,000,000 dollars, you can see what an accomplishment this actually is.
The original project now includes new and groundbreaking enterprises. For instance, Kohlberg, Kravis, Roberts & Co got together with the Environmental Defense Fund’s Climate Corps Program which instructs MBA interns how to put together and start cost-effective, green principles.
KKR and Ken Mehlman have been creating a variety of analytic tools that quantify and oversee resources. These systems can track a company’s environmental impact and discover any problem areas. Henry Kravis, the KKC, and the Environmental Defense Fund have made going green simpler for businesses in every sector. In summary, these systems have made green business practice not only viable, but commercially desirable, and their revolutionary ideas are setting a new standard in the competitive business world of today.
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