What You Should Know regarding Kohlberg, Kravis, Roberts & Co. And the Environmental Defense Fund
Kohlberg, Kravis, Roberts & Co (KKR) was set up in the seventies and orginally the company’s main business was in leveraged buyouts. Pushing further, aiming to make their portfolio companies and acquisitions greener and more profitable to boot, they have set up an extraordinary green project that has totally transformed the way business concerns and environmental activists carry on their day-to-day business.
When Henry Kravis from KKR and the Environmental Defense Fund (EDF) joined forces in 2008 green issues all of a sudden became a mainstream idea. Their objectives include encouraging their associated businesses to help resolve environmental menaces e.g. toxic waste not to forget irresponsible water consumption. To achieve these goals, they use eco-efficiency, this involves concepts such as improving fuel economy through vehicle fleet maintenance, reducing the dispersion of toxic chemicals, and increasing the durability of products. Although the project was an enormous success, people just did not understand how far reaching the consequences actually were until Ken Mehlman, the person in charge of the program, carried out the first annual review.
Knocking off everybody’s expectations, Ken found that this program not only decreased the impact on the environment, but also increased the profitability of all their business concerns too. These days, KKR and Ken Mehlman have almost every last firm in their portfolio actively taking part in eco-efficiency techniques. If you consider that this portfolio of companies is worth almost $100 billion dollars, you can imagine what an enormous achievement this really was. The initial Green Portfolio project has now expanded to include new ventures. For instance, Kohlberg, Kravis, Roberts & Co linked up with the EDF’s Climate Corps Program that teaches students taking an MBA how to formulate and start financially strong, green practices.
KKR and Ken Mehlman have been developing a series of metrics and analytic tools that will be able to manage resources. Programs like these let staff to assess their progress and identify any underlying issues. Today’s business community has been altered forever by the ground-breaking work of Henry Kravis, the KKC, and the Environmental Defense Fund. So, in conclusion, the work of these organizations has made environmentally friendly business practice not only viable, but commercially desirable, and their revolutionary ideas are setting a new standard in the business world of today.
