EigenAnalysis

Kohlberg, Kravis, Roberts & Co (KKR) was founded by Henry Kravis and his business partner George Roberts in the mid-seventies with the support of the First Chicago Corporation. However, they have assembled a unique green proposal which concentrates not alone on profitability, but likewise on how environmentally aware each of the companies in their portfolio currently are.

When Henry Kravis from KKR and the non-profit environmental advocacy group Environmental Defense Fund (EDF) merged in 2008 environmental matters went mainstream. Their company mission is to encourage their affiliated enterprises in fighting against practices which may destroy the environment like toxic chemicals and any preposterous water consumption.

In order to attain this, they apply eco-efficiency, this calls for concepts like optimizing data centers for efficiency, reducing the intensity of materials, and reducing the waste of resources. Although the project was a tremendous success, managment just did not understand how incredible the effects were until Ken Mehlman, the head of the Green Portfolio Project and global public affairs, finished the review of the first 12 months.

Ken Mehlman saw that the Green Portfolio Project wasn’t merely reducing their environmental impact, but in addition it was saving businesses a great deal of money, making the program almost an immediate success. Just about all of the businesses connected with Kohlberg, Kravis, Roberts & Co and Ken Mehlman today apply eco-efficiency. If you think about the fact that this portfolio of companies has a net worth of 86,000,000,000 dollars, you can imagine what an accomplishment this really was.

KKR with the Environmental Defense Fund in association with Ken Mehlman are extending the Green Portfolio project. For example, KKR got together with the EDF’s Climate Corps Program a venture which teaches interns taking a Master’s in Business Administration how to develop and start cost-effective, ecologically friendly practices. KKR and Ken Mehlman have been creating analytic tools and other related systems which will be able to oversee various resources. These metrics can measure a company’s progress and discover any underlying problems. The business community has been totally changed by the efforts of these people. Their innovations have made decreasing their environmental impact less problematic for businesses in every sector and demonstrated that making profits need not entail the hefty price of damaging the environment.