The History of Henry Kravis of Kohlberg, Kravis, Roberts & Co & the Environmental Defense Fund
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When Henry Kravis and his business partner George Roberts launched Kohlberg, Kravis, Roberts & Co (KKR) in the mid-seventies with support from the First Chicago Corporation, their focus was in leveraged buyouts. However, they have set up an exceptional venture which concentrates not just on how lucrative a corporate entity is, but additionally on the environmental impact of the companies they invest in. KKR’s Henry Kravis and the independent Environmental Defense Fund (EDF) merged a year ago, intending to make green business procedures a widespread principle. This alliance intended to help resolve many fundamental matters impeding the ecology of the earth, including global warming, water pollution, inflated water consumption, and depletion of the ozone layer. Eco-efficiency (a phrase initially submitted by the World Business Council for Sustainable Development WBCSD) governs their mission’s framework, by utilizing environmentally sound policies like reducing the intensity of materials, using clean energy and increasing the durability of products. The Green Portfolio Project was a great success, however the management did not even realize the range of the program’s advantages until the head of the Green Portfolio Project and global public affairs, Ken Mehlman, evaluated the numbers from the project when it had been operating for its first twelve months.
Ken Mehlman who graduated from Franklin and Marshall College in 1988, has served as field director for George W. Bush’s 2000 presidential campaign, became Managing Director and Head of Global Public Affairs at Kohlberg Kravis Roberts & Co, LLP in 2008 and presently serves as a member of the executive leadership cabinet of the Martin Luther King, Jr. National Memorial Foundation, the Council on Foreign Relations Climate Change Task Force, and the board of directors at the National Endowment for Democracy, found that applying eco-efficiency wasn’t merely cutting impact on the planet, but it was also helping to save business concerns a great deal of money. At the time of writing, KKR and Ken Mehlman have almost each and every firm in their portfolio involved in eco-efficiency techniques. And, when you consider that the group has a current business portfolio with an estimated value of 86,000,000,000 dollars, you can be sure this was not an easy achievement. Kohlberg, Kravis, Roberts & Co with the EDF alongside Ken Mehlman are developing the initial project. For example, Kohlberg, Kravis, Roberts & Co linked up with the Environmental Defense Fund’s Climate Corps Program an organization that teaches interns taking an MBA how to design and initiate cost efficient, green practices. KKR and Ken Mehlman have taken the time to develop a series of metrics which will be able to quantify and administer various resources. These metrics can track an organization’s environmental impact and discover any areas that might need to be focused on. Today’s business community has been altogether transformed by the ecologically focused efforts of these organizations. So, to summarize, these systems have made environmentally friendly business techniques not only viable, but commercially desirable, and their revolutionary ideas are setting a new standard in today’s world.