Originally, when Henry Kravis and George Roberts founded Kohlberg, Kravis, Roberts & Co (KKR) in 1976 with the assistance of the First Chicago Corporation, the company’s focus was in “bootstrap” buyouts. However, they have set up a groundbreaking green enterprise which concentrates not merely on how profitable an enterprise is, but in addition on how ecologically aware each of the companies in their portfolio are.
When Henry Kravis from KKR and the Environmental Defense Fund (EDF) got together last year green matters suddenly became a mainstream topic. Issues like depletion of the ozone layer and exorbitant water consumption rank high on their list of goals.
To achieve this, they use a methodology termed eco-efficiency which makes use of down-to-earth techniques like reducing the dispersion of toxic chemicals, reducing the intensity of materials, and maximum use of renewable resources. Simple and effective, however the management did not see the full advantages of the program until the person responsible for the Green Portfolio Project, Ken Mehlman, assessed the project when it had been functioning for a year.
Much to everybody’s surprise, Ken discovered that the Green Portfolio Project not only lessened the impact on the environment, but also increased the the profit from all their business organizations as well. Well-nigh all of the commercial concerns associated with Kohlberg, Kravis, Roberts & Co and Ken Mehlman today are involved in eco-efficiency techniques. And, with a 2009 portfolio estimated at 86,000,000,000 dollars, you may be sure that this was not an easy see what a massive achievement this is. KKR along with Ken Mehlman are further expanding the Green Portfolio project. To illustrate, KKR joined the Environmental Defense Fund’s Climate Corps Program which instructs MBA interns how to encourage cost efficient, ecologically friendly principles.
Moreover, Ken Mehlman has been working closely with Kohlberg, Kravis, Roberts & Co to formulate a series of analytical tools that all kinds of companies can use to measure different resources. This type of info is critical as businesses can evaluate each of their day-to-day processes and discover where they can resolve any issues while simultaneously allowing staff to find out their environmental impact.
Today’s business community has been revolutionized by the ground breaking efforts of these groups. In summary, the work of these organizations has made green business techniques not only viable, but commercially desirable, and their novel ideas are setting a new standard in the business world of today.
