What You Need to Know Concerning Kohlberg, Kravis, Roberts & Co. And the Environmental Defense Fund
Sunday, February 21st, 2010In the beginning, when Henry Kravis and his partner George Roberts set up Kohlberg, Kravis, Roberts & Co (KKR) in the mid-seventies with the assistance of the First Chicago Corporation, their specialty was in highly leveraged transactions. Recently they have assembled an exceptional enterprise that concentrates not simply on optimized profit margins, but in addition on how environmentally friendly each of their companies are.
When Henry Kravis from KKR and the Environmental Defense Fund (EDF) got together a year ago green matters went mainstream. This alliance intended to help resolve a few crucial environmental issues, for example toxic waste, deforestation, intemperate water consumption, and hazardous chemicals.
To accomplish this, they use a technique dubbed eco-efficiency, this calls for concepts like reducing the dispersion of toxic chemicals, optimizing data centers for efficiency, and fuel economy. Effective though it was the management did not see the full advantages of the project until Ken Mehlman, the head of the project and global public affairs, reviewed the program following its first year in operation. Ken Mehlman who graduated from Franklin and Marshall College in 1988, has served as field director for George W. Bush’s 2000 presidential campaign, became Managing Director and Head of Global Public Affairs at Kohlberg Kravis Roberts & Co, LLP in 2008 and serves as a member of the board of directors at the National Endowment for Democracy, the Council on Foreign Relations Climate Change Task Force, and the executive leadership cabinet of the Martin Luther King, Jr. National Memorial Foundation, saw that practicing eco-efficiency was not merely cutting impact on the environment, but additionally it was saving business concerns a significant sum of money, making the program virtually an instant success. Currently, KKR and Ken Mehlman have succeeded in getting almost each and every business in their portfolio taking part in eco-efficiency principles. And, when you consider that the group has a 2009 portfolio with an estimated value of eighty-six billion dollars, you can be certain that this was no easy achievement. The two organizations alongside Ken Mehlman are expanding the initial Green Portfolio project. For example, Kohlberg, Kravis, Roberts & Co linked up with the Environmental Defense Fund’s Climate Corps Program which teaches students taking a Master’s degree in Business Administration how to promote financially strong, earth friendly principles. KKR and Ken Mehlman have taken the time to formulate systems which can oversee resources. These metrics let staff to measure their progress and discover any underlying problems.
The business community has been transformed forever by the work of Henry Kravis, the KKC, and the Environmental Defense Fund. These revolutionary developments have made going green less problematic for companies in any industry and established that running a profitable business need not entail the hefty price of damaging the environment.