What You Must Bear in Mind re Kohlberg, Kravis, Roberts & Co
When Henry Kravis and George Roberts established Kohlberg, Kravis, Roberts & Co (KKR) in the seventies with support from the First Chicago Corporation, the company’s specialty was in highly leveraged transactions. Moving on, in the hope of making the businesses in their portfolio greener and more profitable in the same stride, KKR have launched a groundbreaking green proposal which has totally changed the method by which business concerns and environmental agencies work. Environmentally aware business procedures went mainstream in 2008 when KKR’s Henry Kravis and the independent Environmental Defense Fund (EDF) got together. Their company mission is to encourage their associated businesses to avoid operations which may jeopardize the environment like deforestation not to forget any immeasurable consumption of water resources. In order to achieve these goals, they utilize eco-efficiency which makes use of concepts like fuel economy, recycling programs, and maximum use of renewable resources. Regardless of the fact that the program was a huge success, managment simply did not recognize how important the results were until Ken Mehlman, the man responsible for the Green Portfolio Project, finished the review of the first year. Outdoing all expectations, Ken saw that this program not only helped in proctecting the local environment, but also increased the profitability of every last business as well. Well-nigh all of the companies linked with KKR and Ken Mehlman today are actively engaged in eco-efficiency principles. Still, with a 2009 portfolio with an estimated value of $86,000,000,000, you can be sure that this was not a simple feat.
The two groups with the help of Ken Mehlman are expanding the initial project. For instance, KKR got together with the EDF’s Climate Corps Program a venture which instructs MBA interns how to promote cost-effective, earth friendly techniques.
What is more, Ken Mehlman has been in close collaboration with KKR to produce analytical tools which companies can utilize to evaluate and oversee resources. These tools permit management to evaluate their progress and discover any practices which may need to be assessed again. Henry Kravis, the KKR, and the Environmental Defense Fund are genuine pioneers when it comes to advancing ecologically friendly business techniques. Their innovations have simplified the procedure for firms in any industry and shown that running a profitable business need not entail the hefty price of damaging the environment.
