A Great Tip for You regarding Kohlberg, Kravis, Roberts & Co
Originally, when Henry Kravis and George Roberts launched Kohlberg, Kravis, Roberts & Co (KKR) in the 1970’s with the assistance of the First Chicago Corporation, the company’s focus was in “bootstrap” buyouts. However, in an endeavor to make the businesses in their portfolio greener, KKR have set up an innovative green enterprise that has dramatically transformed the way business concerns and environmental activists work together. When Henry Kravis from KKR and the Environmental Defense Fund (EDF) merged just a year ago green issues all of a sudden became a mainstream concern. Their mission is to offer encouragement to their affiliated companies to avoid environmental threats like water pollution as well as lavish consumption of water resources. Eco-efficiency (a phrase originally promoted by the WBCSD) is the routine used to achieve these aims, employing policies like waste reduction, recycling programs and reducing the intensity of materials. Although the project was an enormous success, no-one understood how important the consequences actually were until Ken Mehlman, the person in charge of the project, analyzed the figures for the first 12 months. Factually beating all expectations, Ken saw that applying eco-efficiency not only increased environmental awareness, but was increasing the profitability of each company as well. Nearly all of the commercial organizations affiliated to KKR and Ken Mehlman now are actively engaged in eco-efficiency. Seeing that this group of companies is valued at 86 billion dollars, you can be certain that this wasn’t a simple feat.
The two groups with the help of Ken Mehlman are developing the original program. The Climate Corps Program established by the EDF is an example of this, it raises awareness of eco-efficient techniques to MBA interns. KKR and Ken Mehlman have been creating a package of metrics and analytic tools that can measure and manage resources. Tools such as these allow a business organization see how they are progressing and discover any practices that might need work.
Henry Kravis, the KKC, and the Environmental Defense Fund have made going green less painful for business organizations large and small. These revolutionary ideas have simplified the procedure for firms in every sector and illustrated that making profits need not entail the hefty price of damaging the environment.
