A Bit of a Briefing Related to Kohlberg, Kravis, Roberts & Co
Click here and take a look at our vast source for Henry Kravis guidelines
When Henry Kravis and his business partner George Roberts founded Kohlberg, Kravis, Roberts & Co (KKR) in the 1970’s with the assistance of the First Chicago Corporation, the company’s specialty was in highly leveraged transactions. Lately in the pursuit of making their portfolio companies and acquisitions greener, they have set in motion a unique proposal which has completely transformed the way business concerns and environmental activists work in a big way. Environmentally aware business practices became more broadly recognized a year ago when Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the non-profit Environmental Defense Fund (EDF) merged. This alliance was forged to tackle all important green issues, for instance toxic chemicals, resource depletion, extravagant consumption of water resources, and hazardous chemicals.
Eco-efficiency (a term originally popularized by the World Business Council for Sustainable Development) represents the framework for their mission, through applying techniques such as optimizing data centers for efficiency, waste reduction and recycling programs. Successful though it was the businesses who were participating did not even realize the entirety of the advantages of the project until Ken Mehlman, the head of the program and global public affairs, assessed the program after its first year in operation.
Ken Mehlman who practiced environmental law for Akin Gump Stauss Hauer & Feld, has served as field director for George W. Bush’s 2000 presidential campaign, managed the 2004 re-election campaign for President Bush and currently serves as a member of the executive leadership cabinet of the Martin Luther King, Jr. National Memorial Foundation, the Senior Advisory Committee of the Harvard University Institute of Politics, and the Council on Foreign Relations Climate Change Task Force, observed that eco-efficiency was not solely lessening impact on the environment, but additionally it was saving companies a considerable amount of money, making the program virtually an immediate hit. Currently, Kohlberg, Kravis, Roberts & Co and Ken Mehlman have succeeded in getting almost all of their firms involved in eco-efficiency. Seeing that the group has a value of $86,000,000,000, you can see what a massive accomplishment this really is. The Green Portfolio project has evolved beyond its primary purpose and currently includes new ventures. The Climate Corps Program set up by the EDF is just one of these initiatives, it promotes cost-efficient, green practices to interns studying for a Master’s degree in Business Administration. In addition, Ken Mehlman has been working closely with Kohlberg, Kravis, Roberts & Co to create metrics and other related systems which companies can use to quantify and manage a number of resources. These systems permit staff see how they are impacting on the environment and identify any underlying problems. Today’s business community has been altered forever by the efforts of Henry Kravis, the KKC, and the Environmental Defense Fund. So, to summarize, the work of these organizations has made green business practice not only viable, but commercially desirable, and their revolutionary ideas are setting a new standard in the business world of today.
