Practolo Blog

Friday, October 30th, 2009

Read this! Some Infos Relative to Henry Kravis of Kohlberg, Kravis, Roberts & Co

When Henry Kravis and George Roberts established Kohlberg, Kravis, Roberts & Co (KKR) in the 1970’s with the support of the First Chicago Corporation, the firm’s main business was in leveraged buyouts. But only a year ago they have established a unique green project that focuses not only on maximized profit margins, but likewise on how ecologically aware each of the corporate entities in their portfolio currently are.

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Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the non-profit Environmental Defense Fund (EDF) got together in 2008, with the mission of making environmentally sound business practices an accepted concept. Issues like hazardous chemicals and flagrant water consumption rank high on their agenda. Eco-efficiency (the phrase was originally pitched by the WBCSD) constitutes the framework for their mission, by employing green policies such as reducing the intensity of materials, improving fuel economy through vehicle fleet maintenance and reducing the dispersion of toxic chemicals. Simple and effective, but the KKR and EDF did not even understand the full benefits of the project until Ken Mehlman, the man responsible for the Green Portfolio Project, reviewed the project following its first year in operation. Much to everybody’s surprise, Ken realized that this program not only served in preserving the local environment, but also increased the the profit from all their businesses as well. Well-nigh all of the firms affiliated to KKR and Ken Mehlman nowadays apply eco-efficiency. Seeing that this portfolio of businesses has a value of $86,000,000,000, you can imagine what an accomplishment this really was.

The Green Portfolio project now encompasses new and innovative enterprises. For example, Kohlberg, Kravis, Roberts & Co linked up with the Environmental Defense Fund’s Climate Corps Program an organization that teaches interns studying for an MBA how to encourage financially shrewd, ecologically friendly practices.

KKR and Ken Mehlman have been developing analytic tools and other related systems which manage resources. This type of information is crucial as any sort of business can measure their everyday activities and identify how they can resolve any issues while at the same time tracking their progress.

Henry Kravis, the KKR, and the Environmental Defense Fund are true trailblazers when it comes to advancing green business techniques. Their developments have simplified the procedure for organizations in every sector and illustrated that running a profitable business need not entail the hefty price of damaging the environment.

This entry was posted on Friday, October 30th, 2009 at 1:06 pm and is filed under Your Business. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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