The Story of Kohlberg, Kravis, Roberts & Co & the Environmental Defense Fund
March 6th, 2010When Henry Kravis and his partner George Roberts launched Kohlberg, Kravis, Roberts & Co (KKR) in the mid-seventies with some assistance from the First Chicago Corporation, the company’s main business was in highly leveraged transactions. But pushing on, hoping to make their acquisitions have less environmental impact, they have rolled out a unique proposal which has dramatically changed the method by which businesses and environmental agencies operate.
When Henry Kravis from KKR and the Environmental Defense Fund (EDF) merged a year ago green issues went mainstream. This coalition wants to tackle critical green matters, for example soil contamination, greenhouse gas emissions, flagrant consumption of water resources, and depletion of the ozone layer.
To accomplish these goals, they employ eco-efficiency which calls for techniques such as optimizing data centers for efficiency, waste reduction, and using clean energy. Although the project was an enormous success, no-one recognized how fantastic the consequences actually were until Ken Mehlman, the head of the project and global public affairs, finished the first annual review. Much to everyone’s surprise, Ken discovered that the project not only increased environmental awareness, but was increasing the the net profit from each and every business as well. Almost all of the commercial concerns associated with KKR and Ken Mehlman nowadays are taking part in eco-efficiency principles. All The Same, with a current portfolio with an estimated worth of 86,000,000,000 dollars, you can be certain this was no easy accomplishment. The Green Portfolio project is expanding to encompass new initiatives. To illustrate, KKR linked up with the Environmental Defense Fund’s Climate Corps Program a venture that teaches MBA interns how to encourage financially astute, green practices.
KKR and Ken Mehlman have taken the time to develop a variety of metrics and other related systems which will be able to oversee various resources. Tools such as these permit any business organization see how ecologically friendly they are and identify any problem areas.
Henry Kravis, the KKC, and the Environmental Defense Fund have encouraged all sorts of businesses to become more ecologically friendly. In summary, these systems have made green business techniques not only viable, but commercially desirable, and their novel ideas are setting a new standard in today’s business world.
