Protecting the Planet — with Henry Kravis of Kohlberg, Kravis, Roberts & Co. Demonstrating How to Do it
Kohlberg, Kravis, Roberts & Co (KKR) was established in the mid-seventies and to begin with their specialty was in highly leveraged transactions. Moving on, aiming to make their acquisitions more ecologically friendly, KKR have established a groundbreaking green proposal which has fundamentally changed the method by which business concerns and environmental activists operate. When Henry Kravis from KKR and the independent Environmental Defense Fund (EDF) got together a year ago green matters went mainstream. Issues like global warming and flagrant consumption of water resources are a top priority in their company mission.
In order to achieve this, they utilize a technique dubbed eco-efficiency which involves concepts such as recycling programs, optimizing data centers for efficiency, and improving fuel economy through vehicle fleet maintenance. Although the program was a colossal success, no-one understood how significant the results really were until Ken Mehlman, the executive responsible for the Green Portfolio Project, carried out the review of the first 12 months. Ken discovered that applying eco-efficiency wasn’t just helping to conserve the environment, but it was also saving businesses a great deal of money. Currently, Kohlberg, Kravis, Roberts & Co and Ken Mehlman have well-nigh every last company in their portfolio engaged in eco-efficiency principles. Seeing that the whole portfolio is worth eighty-six billion dollars, you can see what a challenge this really is. KKR and the Environmental Defense Fund with the assistance of Ken Mehlman have also extended the initial program. The Climate Corps Program established by the EDF is just one of these, it advances planet friendly business techniques to interns studying for an MBA. KKR and Ken Mehlman have taken the time to create analytical tools that evaluate and manage resources. Products such as these can assess an organization’s environmental impact and discover any underlying problems. Today’s business community has been altered forever by the efforts of these individuals. Their innovations have made going green less problematic for organizations in any industry and illustrated that running a profitable business need not entail the hefty price of damaging the environment.