The Net’s Most Wanteds

Kohlberg, Kravis, Roberts & Co (KKR) was set up by Henry Kravis and his partner George Roberts in 1976 with some help from the First Chicago Corporation. Moving further, in the hope of making their portfolio companies and acquisitions have less environmental impact, KKR have launched a remarkable green proposal that has totally changed the method by which businesses and environmental groups work. KKR’s Henry Kravis and the the Environmental Defense Fund (EDF) got together a year ago, with the mission of making environmentally aware business practices a widespread idea. Crucial environmental matters like hazardous chemical use and monumental water consumption are high on their list of goals. To follow through with these goals, they utilize eco-efficiency; this makes use of practicable techniques like optimizing data centers for efficiency, fuel economy, and waste reduction. Even though the project was an enormous success, no-one realized how fantastic the effects were until Ken Mehlman, the person responsible for the project, looked over the numbers for the first year.

Ken Mehlman learned that the Green Portfolio Project was not only helping to save the local environment, but in addition it was saving firms a significant amount of money, and consequently the project turned into virtually an immediate hit. At the time of writing, KKR and Ken Mehlman have managed to get virtually each and every firm in their portfolio actively taking part in eco-efficiency. When you consider that this group of companies has a net worth of nearly one hundred billion dollars, you can imagine what a challenge this really was.

The initial program now includes new and innovative enterprises. To illustrate, Kohlberg, Kravis, Roberts & Co joined the Environmental Defense Fund’s Climate Corps Program that teaches MBA students how to promote cost efficient, green techniques. Moreover, Ken Mehlman has cooperated closely with KKR to produce a package of metrics and analytic tools which business concerns can utilize to quantify resources. Tools like these permit employees to evaluate their progress and identify any areas which may need to be assessed again. Henry Kravis, the KKC, and the Environmental Defense Fund have encouraged all sorts of businesses to decrease their ecological impact. In summary, 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 community.