Weiss Report Blog

Originally, when Henry Kravis and George Roberts launched Kohlberg, Kravis, Roberts & Co (KKR) in the mid-seventies with help from the First Chicago Corporation, the firm’s focus was in “bootstrap” buyouts. Recently hoping to make the businesses in their portfolio have less ecological impact, they have set up a groundbreaking green project which has completely changed the way business concerns and environmental activists work.

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When Henry Kravis from KKR and the Environmental Defense Fund (EDF) got together in 2008 environmental issues suddenly became a mainstream concern. Issues like hazardous chemical use and monumental consumption of water resources feature high on their agenda. To follow through with this, they use eco-efficiency which makes use of concepts like waste reduction, recycling programs, and optimizing data centers for efficiency. Even though the program was a tremendous success, no-one recognized how fantastic the consequences truly were until Ken Mehlman, the head of the Green Portfolio Project and global public affairs, looked at the first year’s figures. Ken saw that practicing eco-efficiency was not simply lessening environmental impact, but additionally it was saving business concerns a great deal of money. Up to now, Kohlberg, Kravis, Roberts & Co and Ken Mehlman have succeeded in getting almost every associated business participating in eco-efficiency principles. When you consider that this group of companies has a net worth of 86,000,000,000 USD, you can imagine what a feat this really was. The initial project now encompasses new opportunities. To illustrate, KKR joined the Environmental Defense Fund’s Climate Corps Program a venture that instructs interns studying for an MBA how to formulate and start cost effective, green practices. KKR and Ken Mehlman have taken the time to formulate a variety of metrics and other relevant systems which quantify and manipulate various resources. This type of info is critical as businesses can study all of their day to day activities and find out exactly how any issues may be resolved while simultaneously letting them to find out how much they have moved on. Henry Kravis, the KKR, and the Environmental Defense Fund are true innovators in the world of green business. In conclusion, these systems have made green business techniques not only viable, but commercially desirable, and their radical ideas are setting a new standard in the business world of today.