The Synchronous Converter

Kohlberg, Kravis, Roberts & Co (KKR) was founded in the 1970’s and initially their main business was in highly leveraged transactions. However, aiming to make their portfolio of companies more ecologically friendly and more profitable to boot, KKR have founded an unusual venture which has changed the way businesses and environmental groups work together, forever.

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When Henry Kravis from KKR and the non-profit environmental advocacy group Environmental Defense Fund (EDF) joined forces in 2008 environmental issues in the business community became a hot topic. Their objectives include encouraging their affiliated companies in avoiding practices which may harm the environment such as resource depletion and any egregious consumption of water resources.

To accomplish these goals, they employ a methodology termed eco-efficiency; this makes use of concepts like improving fuel economy through vehicle fleet maintenance, reducing the waste of resources, and optimizing data centers for efficiency. Regardless of the fact that the project was an enormous success, managment just did not recognize how incredible the effects really were until Ken Mehlman, the person in charge of the program, examined the numbers for the first 12 months.

Ken who graduated from Franklin and Marshall College in 1988, has also served as field director for George W. Bush’s 2000 presidential campaign, managed the 2004 re-election campaign for President Bush, is, furthermore, a trustee of the Strong American Schools Foundation and the United States Holocaust Memorial Museum and serves as a member of the Senior Advisory Committee of the Harvard University Institute of Politics, the executive leadership cabinet of the Martin Luther King, Jr. National Memorial Foundation, and the Council on Foreign Relations Climate Change Task Force, observed that eco-efficiency wasn’t solely cutting ecological impact, but additionally it was helping to save businesses a great deal of money. These days, Kohlberg, Kravis, Roberts & Co and Ken Mehlman have almost all of their firms involved in eco-efficiency. Nevertheless, when you consider that the group has a current portfolio estimated at $86 billion, you can be certain that this was no easy achievement. Kohlberg, Kravis, Roberts & Co with the EDF along with Ken Mehlman have also developed the Green Portfolio project. To illustrate, KKR got together with the EDF’s Climate Corps Program an enterprise that instructs interns taking an MBA how to introduce cost effective, green practices. KKR and Ken Mehlman have made the effort to develop a variety of metrics and analytic tools that manipulate resources. These products can track an organization’s progress and discover any areas which might need improving.

Henry Kravis, the KKR, and the Environmental Defense Fund really are visionaries when it comes ecologically sound business development. These innovations have simplified the process for firms in every sector and shown the world that making profits need not entail the hefty price of damaging the environment.