Get Some Top Notch Eye-Openers Apropos Kohlberg, Kravis, Roberts & Co
Kohlberg, Kravis, Roberts & Co (KKR) was set up by Henry Kravis and his partner George Roberts in the 1970’s with the assistance of the First Chicago Corporation. Recently they have put together a unique enterprise which concentrates not solely on profitability, but additionally on how environmentally aware each of the corporations in their portfolio currently are. Environmentally aware business procedures became major topic of dicussion last year when KKR’s Henry Kravis and the independent Environmental Defense Fund (EDF) got together. Serious matters like hazardous emissions and unreasonable consumption of water resources rank high on their list of priorities.
Eco-efficiency (the term was first coined by the WBCSD) mandates the framework for their mission, using policies such as increasing the durability of products, reducing the intensity of materials and improving fuel economy through vehicle fleet maintenance. Even though the program was a huge success, no-one recognized how incredible the consequences were until Ken Mehlman, the person responsible for the project, carried out the review of the first 12 months. Outdoing everyone’s expectations, Ken saw that this program not only reduced the impact on the environment, but also increased the the profit from each business besides. Currently, Kohlberg, Kravis, Roberts & Co and Ken Mehlman have virtually all of their firms participating in eco-efficiency principles. Still, with a current business portfolio worth eighty-six billion USD, you may be sure this was no easy see what a massive accomplishment this is. These two organizations along with Ken Mehlman have also expanded the original project. For instance, Kohlberg, Kravis, Roberts & Co joined the EDF’s Climate Corps Program that teaches interns studying for a Master’s degree in Business Administration how to introduce cost-effective, green principles. In addition, Ken Mehlman has been in close collaboration with KKR to create a variety of analytical tools that business concerns can utilize to evaluate various resources. Programs such as these can measure a company’s ecological impact and discover any areas which might need some re-evaluation. The business community has been changed permanently by the efforts of these organizations. So, to summarize, these systems have made green business practice not only viable, but commercially desirable, and their novel ideas are setting a new standard in today’s world.
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