What You Should Know Concerning Henry Kravis of Kohlberg, Kravis, Roberts & Co. And the Environmental Defense Fund
When Henry Kravis and George Roberts launched Kohlberg, Kravis, Roberts & Co (KKR) in the 1970’s with some support from the First Chicago Corporation, their focus was in “bootstrap” buyouts. However, they have assembled an extraordinary proposal which concentrates not alone on how profitable a company is, but in addition on how environmentally friendly each of the businesses in their portfolio are. Environmentally aware business practices became major topic of dicussion in 2008 when KKR’s Henry Kravis and the non-profit Environmental Defense Fund (EDF) joined forces. Issues like toxic emissions and unbounded consumption of water resources are high on their list of objectives. To implement these goals, they utilize eco-efficiency which makes use of concepts like optimizing data centers for efficiency, reducing the intensity of materials, and improving fuel economy through vehicle fleet maintenance. Although the program was a huge success, staff just did not realize how incredible the effects truly were until Ken Mehlman, the executive in charge of the Green Portfolio Project, studied the first year’s figures. Ken who received his J.D. from Harvard Law School in 1991, has also served as field director for George W. Bush’s 2000 presidential campaign, was appointed to the U.S. Holocaust Memorial Council in 2007 and currently serves as a member of the Senior Advisory Committee of the Harvard University Institute of Politics, and the board of directors at the National Endowment for Democracy, learned that the Green Portfolio Project wasn’t simply helping the environment, but it was also saving business concerns a great deal of money. Almost all of the commercial concerns linked with Kohlberg, Kravis, Roberts & Co and Ken Mehlman nowadays are involved in eco-efficiency principles. However, when you consider that the group has a 2009 portfolio valued at 86,000,000,000 dollars, you can be certain that this wasn’t an easy feat.
The original project has developed beyond its initial purpose and nowadays includes new and groundbreaking initiatives. The Climate Corps Program set up by the EDF is just one of these, it raises awareness of eco-efficient business techniques to interns studying for a Master’s degree in Business Administration. In addition, Ken Mehlman has worked closely with KKR to produce analytic tools which a wide variety of businesses can employ to measure and oversee assorted resources. This type of data is significant as businesses can measure all of their day to day activities and ascertain where any issues can be resolved while at the same time allowing staff to find out their impact on the planet. Henry Kravis, the KKR, and the Environmental Defense Fund are innovators when it comes to promoting green business techniques. Their revolutionary concepts have made going green less problematic for businesses in every industry and illustrated that running a profitable business need not entail the hefty price of negatively impacting our planet.
