The Bot Bin

Monday, October 19th, 2009

Going Green - with Henry Kravis of Kohlberg, Kravis, Roberts & Co. Leading the Way

When Henry Kravis and George Roberts established Kohlberg, Kravis, Roberts & Co (KKR) in the 1970’s with support from the First Chicago Corporation, their specialty was in highly leveraged transactions. However, they have put together an exceptional venture which concentrates not only on how much money they can produce, but likewise on the ecological impact of the companies they acquire. When Henry Kravis from KKR and the independent Environmental Defense Fund (EDF) got together a year ago environmental matters went mainstream. Issues like toxic emissions and inordinate water consumption feature high on their list of goals.

To achieve these goals, they utilize a method labeled eco-efficiency which uses concepts like increasing the durability of products, recycling programs, and waste reduction. Even though the program was a colossal success, staff just did not understand how far-reaching the consequences were until Ken Mehlman, the man in charge of the project, reviewed the first year’s figures.

Outmatching everybody’s expectations, Ken found that this program not only enhanced environmental responsibility, but was also increasing the profitability of all their business concerns besides. To date, Kohlberg, Kravis, Roberts & Co and Ken Mehlman have almost all of their firms actively involved in the program. All The Same, when you consider that the group has a 2009 business portfolio with an estimated worth of $86 billion, you may be sure that this wasn’t an easy see what an enormous achievement this is.

The two organizations along with Ken Mehlman are expanding the original program. For instance, KKR linked up with the EDF’s Climate Corps Program an enterprise which teaches students studying for an MBA how to introduce cost effective, ecologically friendly techniques.

KKR and Ken Mehlman have been developing metrics that oversee various resources. These metrics allow a business to track their progress and identify any problem areas.

Henry Kravis, the KKC, and the Environmental Defense Fund have made decreasing their ecological impact more attractive for business organizations large and small. So, in conclusion, these systems have made green business techniques not only viable, but commercially desirable, and their revolutionary ideas are setting a new standard in the business world of today.

This entry was posted on Monday, October 19th, 2009 at 2:33 pm and is filed under Forums etc.. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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