Practolo Blog

Tuesday, November 10th, 2009

Going Green — Ken Mehlman and Kohlberg, Kravis, Roberts & Co. Set the Standard

Kohlberg, Kravis, Roberts & Co (KKR) was established in 1976 and to begin with the company’s main business was in ‘bootstrap’ buyouts. Moving beyond, in an outstanding attempt to make their acquisitions have less environmental impact, they have established a remarkable green proposal that has dramatically transformed the way businesses and environmental agencies operate. When Henry Kravis from KKR and the New York based Environmental Defense Fund (EDF) joined forces a year ago environmental issues went mainstream. Issues like hazardous chemical use and ecologically unsustainable consumption of water resources are an all-important part of their corporate mission.

To follow through with these goals, they utilize eco-efficiency; this uses techniques like reducing the dispersion of toxic chemicals, using clean energy, and fuel economy. Even though the program was an enormous success, managment simply did not recognize how important the results truly were until Ken Mehlman, the person in charge of the Green Portfolio Project, carried out the first annual review. Much to everybody’s surprise, Ken saw that eco-efficiency not only cut down on ecological impact, but was also increasing the profits from all their businesses too. Virtually all of the business concerns affiliated to Kohlberg, Kravis, Roberts & Co and Ken Mehlman nowadays are actively taking part in the project. Seeing that the portfolio is worth almost 100.000,000,000 USD, you can see what an enormous feat this is. The initial project has grown far beyond its basic purpose and now includes new opportunities. For example, Kohlberg, Kravis, Roberts & Co joined the Environmental Defense Fund’s Climate Corps Program an enterprise that instructs MBA students how to introduce cost-effective, ecologically friendly principles. KKR and Ken Mehlman have taken the time to create analytical tools that administer resources. Tools like these can assess an organization’s environmental impact and identify any practices which may need improving.

Henry Kravis, the KKC, and the Environmental Defense Fund have encouraged all sorts of businesses to go green. In summary, these systems have made environmentally friendly business techniques not only viable, but commercially desirable, and their revolutionary ideas are setting a new standard in the business world of today.

This entry was posted on Tuesday, November 10th, 2009 at 8:24 pm and is filed under Unassigned. 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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