September Net

In the beginning, when Henry Kravis and George Roberts launched Kohlberg, Kravis, Roberts & Co (KKR) in the seventies with the assistance of the First Chicago Corporation, the company’s specialization was in highly leveraged transactions. Recently they have established a unique green enterprise which centers not alone on profitability, but in addition on the ecological impact of the companies they purchase. When Henry Kravis from KKR and the Environmental Defense Fund (EDF) got together a year ago green matters in the business world became major topic. Their mission is to encourage their associated companies to fight against operations which may destroy the environment e.g. resource depletion as well as enormous consumption of water resources. In order to implement these goals, they deploy a methodology called eco-efficiency; this makes use of concepts such as improving fuel economy through vehicle fleet maintenance, fuel economy, and recycling programs. Even though the program was a huge success, no-one understood how far-reaching the effects were until Ken Mehlman, the person in charge of the Green Portfolio Project, finished the first annual review.

Much to everybody’s surprise, Ken realized that this program not only reduced environmental impact, but also increased the the profit from each business organization as well. These days, Kohlberg, Kravis, Roberts & Co and Ken Mehlman have succeeded in getting almost every last company in their portfolio actively engaged in eco-efficiency. If you think about the fact that the total portfolio has a net worth of almost $100 billion dollars, you can see what an accomplishment this actually was. KKR with the Environmental Defense Fund along with Ken Mehlman have also expanded the Green Portfolio project. The Climate Corps Program set up by the Environmental Defense Fund is an example of this, it raises awareness of cost-efficient, environmentally friendly procedures to students studying for an MBA. In addition, Ken Mehlman has been collaborating closely with Kohlberg, Kravis, Roberts & Co to develop a variety of analytical tools and other applicable products which a wide variety of businesses can employ to quantify and manage a number of resources. With this information available, companies may without very much effort examine each of their everyday activities and find out precisely how any issues may be resolved while simultaneously tracking their progress. Henry Kravis, the KKC, and the Environmental Defense Fund have encouraged all sorts of businesses to become more ecologically friendly. Their revolutionary concepts have made reducing their environmental impact less complicated for organizations in any sector and shown that running a profitable business need not entail the hefty price of damaging the environment.