Your Salsa Pub

In the beginning, when Henry Kravis and George Roberts founded Kohlberg, Kravis, Roberts & Co (KKR) in 1976 with the support of the First Chicago Corporation, the company’s main business was in highly leveraged transactions. However, they have set up an innovative venture that centers not merely on how profitable a corporation is, but additionally on the environmental impact of the companies they acquire. When Henry Kravis from KKR and the New York based Environmental Defense Fund (EDF) got together just a year ago environmental matters went mainstream. Issues like water pollution and inordinate consumption of water resources are high on their list of goals. Eco-efficiency (the phrase was originally advertised by the WBCSD) denotes their mission’s framework, applying techniques such as reducing the waste of resources, reducing the intensity of materials and improving fuel economy through vehicle fleet maintenance. Even though the program was an enormous success, no-one recognized how important the results were until Ken Mehlman, the man in charge of the project, reviewed the profits for the first year.

As if to eclipse all expectations, Ken discovered that the Green Portfolio Project not only assisted in preserving the local environment, but was increasing the the profit from each and every company besides. Almost all of the commercial concerns held by KKR and Ken Mehlman today are engaged in eco-efficiency. Still, with a current portfolio worth eighty-six billion dollars, you can be sure that this was no easy feat. The initial project has grown beyond its initial remit and today encompasses new enterprises. To illustrate, KKR got together with the EDF’s Climate Corps Program which instructs students studying for a Master’s degree in Business Administration how to put together and initiate financially sound, green principles. More recently, Ken Mehlman has been working closely with Kohlberg, Kravis, Roberts & Co to formulate a variety of analytic tools and other related systems that businesses can employ to evaluate and manage a number of resources. This type of data is crucial as companies may easily evaluate each of their everyday activities and discover where any problems can be solved while at the same time seeing their progress.

The business community has been altered forever by the work of Henry Kravis, the KKC, and the Environmental Defense Fund. Their innovations have simplified the procedure for organizations in any industry and shown that making profits need not entail the hefty price of damaging the environment.

This entry was posted on Saturday, November 7th, 2009 at 10:11 am and is filed under Markets, Web Of Social Bookmarking. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.