What You Need to Know if You’re Contemplating Kohlberg, Kravis, Roberts & Co
February 5th, 2010
Kohlberg, Kravis, Roberts & Co (KKR) was founded by Henry Kravis and his partner George Roberts in the 1970’s with the support of the First Chicago Corporation. But they have established an innovative green proposal that concentrates not simply on how much profit they can produce, but likewise on the ecological impact of the companies they control.
Environmentally aware business procedures became major discussion topic a year ago when KKR’s Henry Kravis and the non-profit environmental advocacy group Environmental Defense Fund (EDF) merged. Their objectives include encouraging their affiliated enterprises in avoiding practices which may threaten the environment like hazardous emissions and any unrestrained water consumption. In order to accomplish this, they use eco-efficiency, this calls for concepts like waste reduction, improving fuel economy through vehicle fleet maintenance, and recycling programs. Even though the program was a tremendous success, no-one recognized how extensive the effects were until Ken Mehlman, the head of the program and global public affairs, carried out the first annual review.
Ken who practiced environmental law for Akin Gump Stauss Hauer & Feld from 1991 to 1996, has served as director of the White House Office of Political Affairs from 2000 through 2005, managed the 2004 re-election campaign for President Bush, is, moreover, a trustee of the United States Holocaust Memorial Museum and Franklin & Marshall College and presently serves as a member of the Council on Foreign Relations Climate Change Task Force, the Senior Advisory Committee of the Harvard University Institute of Politics, and the board of directors at the National Endowment for Democracy, found that eco-efficiency was not only reducing their ecological impact, but it was also helping to save a colossal range of businesses a considerable sum of money. These days, KKR and Ken Mehlman have managed to get almost each and every company in their portfolio actively engaged in the program. When you think about the fact that this group of companies is valued at virtually one hundred billion USD, you can see what a massive feat this is.
The initial program has evolved beyond its initial remit and these days encompasses new opportunities. To illustrate, Kohlberg, Kravis, Roberts & Co linked up with the EDF’s Climate Corps Program a venture which instructs MBA interns how to design and initiate cost effective, green principles.
In recent months, Ken Mehlman has cooperated closely with Kohlberg, Kravis, Roberts & Co to produce a series of analytical tools which companies can utilize to measure and manage a number of resources. This type of info is crucial as any sort of business can evaluate their day to day processes and identify how any issues can be resolved while at the same time tracking their progress.
Henry Kravis, the KKR, and the Environmental Defense Fund really are visionaries in the business community. 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 today’s world.
Entry Filed under: World Of Social Activities