Horse Hubs

When Henry Kravis and his partner George Roberts founded Kohlberg, Kravis, Roberts & Co (KKR) in the mid 70’s with help from the First Chicago Corporation, the company’s specialty was in highly leveraged transactions. But they have assembled an exceptional proposal which focuses not simply on profitability, but also on how ecologically aware each of the companies in their portfolio currently are. When Henry Kravis from KKR and the Environmental Defense Fund (EDF) got together in 2008 green matters all of a sudden turned into a mainstream topic. Their objectives include encouraging firms to avoid procedures which may destroy the environment such as resource depletion and any inordinate consumption of water resources.

Eco-efficiency (the phrase was initially advertised by the World Business Council for Sustainable Development WBCSD) is the formula employed to achieve these objectives, utilizing green techniques such as maximum use of renewable resources, improving fuel economy through vehicle fleet maintenance and increasing the durability of products. Even though the program was an enormous success, no-one recognized how incredible the consequences actually were until Ken Mehlman, the head of the program and global public affairs, finished the first annual review.

Surpassing everyone’s expectations, Ken realized that eco-efficiency not only enhanced environmental awareness, but also increased the profitability of each business organization besides. Currently, KKR and Ken Mehlman have well-nigh all of their firms actively participating in eco-efficiency. However, with a 2009 business portfolio valued at $86 billion, you may be sure this was no easy feat.

Kohlberg, Kravis, Roberts & Co with the assistance of Ken Mehlman are further developing the original project. The Climate Corps Program founded by the EDF is a great illustration of this, it campaigns for cost-efficient, green techniques to MBA interns. Of Late, Ken Mehlman has been in close collaboration with KKR to formulate a series of metrics and other related products that companies can use to quantify and oversee resources. With this information available, companies can study their everyday processes and ascertain where they can resolve any issues while simultaneously permitting staff to see how much they have advanced.

Henry Kravis, the KKC, and the Environmental Defense Fund have made going green more attractive for businesses large and small. So, to summarize, the work of these organizations has made environmentally friendly business practice not only viable, but commercially desirable, and their radical ideas are setting a new standard in the business world of today.