The Story of Kohlberg, Kravis, Roberts & Co and the Environmental Defense Fund
Posted in Market, The Social Webbing Way on December 31st, 2009Kohlberg, Kravis, Roberts & Co (KKR) was established by Henry Kravis and George Roberts in the mid-seventies with the assistance of the First Chicago Corporation. However, hoping to make their acquisitions have less environmental impact, KKR have established a groundbreaking enterprise which has fundamentally transformed the method by which businesses and environmental agencies work forever.
When Henry Kravis from KKR and the non-profit Environmental Defense Fund (EDF) joined forces just a year ago green issues in the business world became a hot topic. Issues like depletion of the ozone layer and enormous consumption of water resources feature high on their list of goals.
Eco-efficiency (a term originally endorsed by the WBCSD) is the method applied to achieve these targets, through employing techniques such as using clean energy, optimizing data centers for efficiency and maximum use of renewable resources. Regardless of the fact that the program was an enormous success, staff simply didn’t recognize how incredible the results were until Ken Mehlman, the man responsible for the project, finished the review of the first year.
Eclipsing all expectations, Ken learned that the program not only cut down on the overall impact on the environment, but also increased the profits from all their companies as well. To date, KKR and Ken Mehlman have succeeded in getting well-nigh every associated business organization engaged in eco-efficiency. When you think about the fact that the total portfolio is valued at nearly 100 billion USD, you can see what an enormous accomplishment this really is. The original project has grown far beyond its basic remit and now encompasses new ventures. The Climate Corps Program administered by the Environmental Defense Fund is just one of these, it advances eco-efficient principles to students studying for an MBA.
KKR and Ken Mehlman have made the effort to formulate a variety of analytical tools and other related systems which can measure and administer resources. This type of data is invaluable as companies can measure their everyday activities and discover precisely how they can improve while at the same time allowing them to find out how far they have advanced.
The business world has been altogether changed by the efforts of these individuals. So, in conclusion, the work of these organizations has made green business techniques not only viable, but commercially desirable, and their radical ideas are setting a new standard in the competitive business world of today.