How Ken Mehlman of Kohlberg, Kravis, Roberts & Co. Works in Conjunction with the Environmental Defense Fund
Kohlberg, Kravis, Roberts & Co (KKR) was set up in the mid-seventies and to begin with the company’s specialty was in highly leveraged transactions. But only a year ago they have launched a groundbreaking venture that concentrates not alone on profitability, but likewise on how ecologically friendly each of their companies are. Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the New York based Environmental Defense Fund (EDF) merged a year ago, with the mission of making green business practice a widespread idea. Their objectives include encouraging their associated businesses in fighting against procedures which may threaten the environment such as toxic waste not to forget any monumental water consumption. Eco-efficiency (a phrase first used by the World Business Council for Sustainable Development) represents the framework for their mission, utilizing green techniques like fuel economy, increasing the durability of products and optimizing data centers for efficiency. Regardless of the fact that the project was an enormous success, people just did not understand how incredible the results were until Ken Mehlman, the person in charge of the Green Portfolio Project, carried out the review of the first 12 months. Beating everybody’s expectations, Ken saw that eco-efficiency not only assisted in preserving the local environment, but also increased the the net profit from all their companies as well. At the time of writing, Kohlberg, Kravis, Roberts & Co and Ken Mehlman have succeeded in getting nearly every last firm in their portfolio actively engaged in eco-efficiency principles. Seeing that this group of companies is valued at 86,000,000,000 dollars, you may be sure that this was no easy achievement. The Green Portfolio project has developed beyond its primary remit and currently encompasses new and groundbreaking enterprises. The Climate Corps Program founded by the EDF is one of these, it promotes earth friendly principles to interns studying for an MBA. KKR and Ken Mehlman have taken the time to create a package of metrics which oversee resources. With this information available, businesses can evaluate all of their daily procedures and identify how any problems can be solved while simultaneously permitting them to discover how environmentally friendly they are.
Henry Kravis, the KKC, and the Environmental Defense Fund have made cutting back their ecological impact more attractive for business organizations large and small. Their unique ideas have set a high standard for organizations in every industry and established that making profits need not entail the hefty price of damaging the environment.
