In the beginning, when Henry Kravis and his partner George Roberts set up Kohlberg, Kravis, Roberts & Co (KKR) in the 1970’s with the help of the First Chicago Corporation, the firm’s specialty was in bootstrap buyouts. Moving on, in the hope of making the businesses they take over more environmentally aware, KKR have set up a unique venture that has fundamentally transformed the way businesses and environmental activists operate.
Environmentally sound business practice went mainstream a year ago when Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the the Environmental Defense Fund (EDF) merged. These companies wants to help resolve fundamental issues impeding the ecology of the earth, for example air pollution, hazardous emissions, unconscionable consumption of water resources, and hazardous chemical use. To achieve these goals, they deploy a routine known as eco-efficiency; this calls for concepts such as using clean energy, improving fuel economy through vehicle fleet maintenance, and fuel economy. Impressive though it was the KKR and EDF did not understand the full program’s benefits until Ken Mehlman, the man responsible for the project, studied the program subsequent to a year in operation. As if to surpass all expectations, Ken saw that eco-efficiency not only raised environmental responsibility, but also increased the profitability of all their companies besides. Nearly all of the businesses connected with KKR and Ken Mehlman at present are involved in eco-efficiency. And, with a current portfolio valued at $86,000,000,000, you may be sure this was no easy feat.
These two organizations with the help of Ken Mehlman are extending the Green Portfolio project. The Climate Corps Program administered by the EDF is a good example of this, it advances eco-efficient business principles to students taking a Master’s degree in Business Administration.
KKR and Ken Mehlman have made the effort to formulate a package of metrics and analytic tools which quantify and administer resources. This type of info is critical as any type of business can evaluate each of their daily activities and find out precisely how any issues can be resolved while simultaneously seeing their progress.
Henry Kravis, the KKR, and the Environmental Defense Fund really are pioneers in the business world. So, in conclusion, the work of these organizations has made green business practice not only viable, but commercially desirable, and their revolutionary ideas are setting a new standard in today’s business community.