Generation Interim

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Kohlberg, Kravis, Roberts & Co (KKR) was launched by Henry Kravis and his partner George Roberts in the 1970’s with the support of the First Chicago Corporation. Recently they have established a novel green proposal which focuses not alone on profitability, but also on the ecological impact of the companies they buy. When Henry Kravis from KKR and the independent Environmental Defense Fund (EDF) merged just a year ago green matters in the business community became a hot topic. Issues like depletion of the ozone layer and unreasonable water consumption are a priority in their company mission statement. Eco-efficiency (the phrase was originally pitched by the WBCSD) informs the framework for their mission, through employing ecologically friendly techniques like fuel economy, maximum use of renewable resources and using clean energy. Irrespective of the fact that the program was a huge success, staff simply did not recognize how incredible the effects really were until Ken Mehlman, the head of the program and global public affairs, looked at the numbers for the first 12 months. Eclipsing everybody’s expectations, Ken discovered that utilizing eco-efficiency not only cut back on the overall impact on the planet, but was also increasing the the net profit from all their businesses as well. Well-nigh all of the commercial organizations affiliated to KKR and Ken Mehlman at present are actively engaged in eco-efficiency. When you think about the fact that the portfolio has a net worth of eighty six billion USD, you can imagine what an accomplishment this actually was.

The Green Portfolio project is expanding to include new initiatives. To illustrate, KKR got together with the Environmental Defense Fund’s Climate Corps Program a venture which teaches interns studying for an MBA how to introduce cost-effective, planet friendly techniques.

In addition, Ken Mehlman has been in close collaboration with Kohlberg, Kravis, Roberts & Co to produce metrics and analytical tools that a wide variety of business concerns can utilize to measure and oversee assorted resources. This type of data is invaluable as businesses may without much effort assess their daily operations and discover how they can resolve any issues while simultaneously seeing their progress. Henry Kravis, the KKC, and the Environmental Defense Fund have encouraged all sorts of businesses to go green. Their innovations have set a high standard for business organizations in any sector and illustrated that making profits need not entail the hefty price of negatively impacting our planet.