| So You Need Eye-Openers Apropos Kohlberg, Kravis, Roberts & Co |
| 02.28.10 | |
When Henry Kravis and George Roberts launched Kohlberg, Kravis, Roberts & Co (KKR) in the mid seventies with the help of the First Chicago Corporation, the company’s specialization was in highly leveraged transactions. However, they have assembled a unique green project which centers not solely on optimizing ROI, but additionally on how environmentally friendly each of the corporate entities in their portfolio currently are.
KKR’s Henry Kravis and the non-profit Environmental Defense Fund (EDF) got together a year ago, hoping to make environmentally friendly business practices a commonplace principle. Their objectives include encouraging their associated companies in opposing procedures which may threaten the environment like depletion of the ozone layer and any unconscionable consumption of water resources.
To follow through with these goals, they use eco-efficiency; this uses concepts like fuel economy, reducing the intensity of materials, and improving fuel economy through vehicle fleet maintenance. Simple and effective, but the management didn’t even understand the full project’s advantages until Ken Mehlman, the executive responsible for the program, studied the program when it had been operating for its first 12 months.
Ken who graduated from Franklin and Marshall College in 1988, has served as director of the White House Office of Political Affairs from 2000 through 2005, became Managing Director and Head of Global Public Affairs at Kohlberg Kravis Roberts & Co, LLP in 2008, is a trustee of the Strong American Schools Foundation and the United States Holocaust Memorial Museum and currently serves as a member of the executive leadership cabinet of the Martin Luther King, Jr. National Memorial Foundation, and the Council on Foreign Relations Climate Change Task Force, discovered that using eco-efficiency was not just reducing their environmental impact, but additionally it was helping to save companies a great deal of money, and therefore the program was almost an instant success. Up to now, Kohlberg, Kravis, Roberts & Co and Ken Mehlman have almost all of their companies actively participating in the Green Portfolio Project. Considering that the whole portfolio is worth eighty six billion USD, you can see what a tremendous feat this really is.
Kohlberg, Kravis, Roberts & Co with the Environmental Defense Fund with the help of Ken Mehlman are extending the initial program. The Climate Corps Program established by the EDF is one of these ventures, it campaigns for cost-efficient, planet friendly techniques to MBA interns.
In addition, Ken Mehlman has been collaborating closely with Kohlberg, Kravis, Roberts & Co to create a series of analytical tools which business concerns can employ to measure and oversee a number of resources. Tools like these allow staff to assess their progress and discover any areas which may need to improve. Henry Kravis, the KKC, and the Environmental Defense Fund have made reducing their ecological impact less painful for business organizations all over the country. In summary, the work of these organizations has made environmentally friendly business practice not only viable, but commercially desirable, and their revolutionary ideas are setting a new standard in the business world of today.
