Kelly Manchester

Kohlberg, Kravis, Roberts & Co (KKR) was established in the seventies and to begin with their specialization was in highly leveraged transactions. Recently they have assembled a unique green enterprise which centers not alone on maximum profit margins, but additionally on how ecologically friendly each of the firms in their portfolio currently are. Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the independent Environmental Defense Fund (EDF) joined forces in 2008, hoping to make green business procedures a widely accepted concept. Big environmental matters like depletion of the ozone layer and excessive consumption of water resources feature high on their list of priorities. Eco-efficiency (the term was first propagated by the World Business Council for Sustainable Development) informs the framework for their mission, through utilizing green policies like maximum use of renewable resources, fuel economy and optimizing data centers for efficiency. Irrespective of the fact that the project was a tremendous success, staff just did not understand how significant the consequences truly were until Ken Mehlman, the person responsible for the program, finished the review of the first 12 months. Much to everyone’s surprise, Ken discovered that eco-efficiency not only increased environmental responsibility, but also increased the the profit from all their business concerns too. These days, Kohlberg, Kravis, Roberts & Co and Ken Mehlman have managed to get almost each and every firm in their portfolio engaged in the project. All The Same, with a 2009 portfolio worth 86 billion dollars, you can be certain that this wasn’t a simple see what an enormous feat this is.

The initial project has grown far beyond its primary remit and these days encompasses new and innovative enterprises. The Climate Corps Program administered by the EDF is a good illustration of this, it campaigns for planet friendly principles to MBA interns. KKR and Ken Mehlman have been formulating a series of metrics and analytical tools that evaluate and manage various resources. This type of information is crucial as companies may easily evaluate their everyday activities and find out where any problems can be solved while at the same time seeing their progress.

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Today’s business world has been transformed by the work of Henry Kravis, the KKC, and the Environmental Defense Fund. In summary, the work of these organizations has made ecologically friendly business techniques not only viable, but commercially desirable, and their revolutionary ideas are setting a new standard in the business world of today.

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