All You Truly Need to Know Concerning Henry Kravis of Kohlberg, Kravis, Roberts & Co
When Henry Kravis and his business partner George Roberts established Kohlberg, Kravis, Roberts & Co (KKR) in the 70’s with assistance from the First Chicago Corporation, their main business was in highly leveraged transactions. But recently they have put together a unique enterprise that focuses not merely on optimizing ROI, but also on how environmentally friendly each of their companies are.
When Henry Kravis from KKR and the Environmental Defense Fund (EDF) merged a year ago environmental matters in the business world became a hot topic. The coalition was forged to help resolve some important issues impeding the ecology of the earth, for instance hazardous waste, hazardous emissions, unconscionable consumption of water resources, and toxic chemicals. To accomplish this, they employ a technique labeled eco-efficiency which uses techniques such as using clean energy, recycling programs, and improving fuel economy through vehicle fleet maintenance. Although the project was an enormous success, no-one recognized how far reaching the effects truly were until Ken Mehlman, the person responsible for the program, examined the first year’s figures. Outmatching everybody’s expectations, Ken saw that this program not only served in preserving the local environment, but was also increasing the profitability of all their business concerns as well. To date, KKR and Ken Mehlman have succeeded in getting nearly every associated organization taking part in the Green Portfolio Project. Still, with a 2009 portfolio valued at $86 billion, you can be sure this was not an easy see what a massive achievement this is.
The initial program has grown beyond its basic remit and now includes new opportunities. The Climate Corps Program founded by the EDF is just one of these enterprises, it promotes eco-efficient business techniques to MBA interns. KKR and Ken Mehlman have been creating products which have the ability to evaluate and manage various resources. This type of data is critical as businesses may without very much effort examine their day to day procedures and identify where any issues can be resolved while at the same time permitting them to find out their impact on the environment.
Today’s business community has been changed by the ground-breaking work of these organizations. Their developments have set a high standard for organizations in any sector and demonstrated that running a profitable business need not entail the hefty price of damaging the environment.
