Net Gamblings

Originally, when Henry Kravis and George Roberts established Kohlberg, Kravis, Roberts & Co (KKR) in the 1970’s with some support from the First Chicago Corporation, their specialization was in highly leveraged transactions. Lately, however, aiming to make their portfolio companies and acquisitions greener, they have launched a unique proposal that has transformed the method by which businesses and environmental agencies operate.

Green business practice became major discussion topic in 2008 when Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the non-profit environmental advocacy group Environmental Defense Fund (EDF) joined forces. Their objectives include encouraging their affiliated companies to fight against practices which may destroy the environment like greenhouse gas emissions not to forget any intemperate consumption of water resources.

In order to implement these goals, they deploy a technique known as eco-efficiency which uses concepts like increasing the durability of products, reducing the intensity of materials, and recycling programs. Even though the project was an enormous success, no-one understood how extensive the effects were until Ken Mehlman, the head of the Green Portfolio Project and global public affairs, looked over the first year’s figures.

Much to everybody’s surprise, Ken discovered that eco-efficiency not only helped in proctecting the environment, but also increased the profitability of each and every company besides. At the time of writing, KKR and Ken Mehlman have nearly every associated company involved in eco-efficiency. And, with a 2009 portfolio with a worth of 86,000,000,000 dollars, you may be certain this was no easy accomplishment.

Kohlberg, Kravis, Roberts & Co with the EDF along with Ken Mehlman are further developing the Green Portfolio project. The Climate Corps Program founded by the EDF is an example of this, it raises awareness of cost effective, ecologically friendly techniques to interns studying for a Master’s in Business Administration.

In addition, Ken Mehlman has worked closely with KKR to develop a variety of analytic tools and other related systems that firms can employ to quantify and manage resources. This type of information is critical as businesses can assess all of their everyday procedures and ascertain how any issues may be resolved while simultaneously seeing their progress.

The business community has been altered permanently by the work of these organizations. So, in conclusion, the work of these organizations has made green business practice not only viable, but commercially desirable, and their revolutionary ideas are setting a new standard in today’s business community.