:Wise Money Tips

Kohlberg, Kravis, Roberts & Co (KKR) was set up by Henry Kravis and George Roberts in the 1970’s with support from the First Chicago Corporation. Pushing on, in an uncommon endeavor to make their portfolio companies and acquisitions more ecologically friendly, they have launched a unique enterprise which has transformed the method by which business concerns and environmental activists function.

Green business practice went mainstream last year when KKR’s Henry Kravis and the New York based Environmental Defense Fund (EDF) merged. Their corporate mission is to offer encouragement to businesses to tackle practices which may destroy the environment like toxic chemicals not to forget inflated water consumption.

Eco-efficiency (the term was first advocated by the World Business Council for Sustainable Development) is the methodology deployed to achieve these targets, by applying environmentally friendly techniques like fuel economy, recycling programs and optimizing data centers for efficiency. Although the program was a tremendous success, no-one understood how extensive the consequences were until Ken Mehlman, the person in charge of the project, carried out the first annual review.

Topping everybody’s expectations, Ken learned that applying eco-efficiency not only enhanced environmental awareness, but was increasing the profitability of every last business organization too. Up to now, Kohlberg, Kravis, Roberts & Co and Ken Mehlman have nearly every associated business organization engaged in eco-efficiency. When you think about the fact that the whole portfolio is valued at 86,000,000,000 dollars, you can see what a tremendous feat this really is.

KKR alongside Ken Mehlman have also expanded on the original Green Portfolio project. For example, Kohlberg, Kravis, Roberts & Co linked up with the Environmental Defense Fund’s Climate Corps Program which instructs MBA students how to introduce financially sound, green techniques.

What is more, Ken Mehlman has been in close collaboration with KKR to produce metrics and analytic tools which companies can utilize to measure and oversee resources. With this information available, companies can measure their day to day procedures and find out where any problems may be solved while simultaneously allowing staff to see how far they have moved on.

Henry Kravis, the KKC, and the Environmental Defense Fund have encouraged all sorts of businesses to reduce their ecological impact. So, in conclusion, these systems have made ecologically friendly business techniques not only viable, but commercially desirable, and their radical ideas are setting a new standard in the business world of today.