How Ken Mehlman of Kohlberg, Kravis, Roberts & Co. Works alongside the Environmental Defense Fund
In the beginning, when Henry Kravis and George Roberts set up Kohlberg, Kravis, Roberts & Co (KKR) in the mid seventies with the assistance of the First Chicago Corporation, the company’s specialty was in bootstrap buyouts. Moving beyond, in the hope of making their acquisitions more ecologically aware, KKR have set in motion a unique green proposal which has dramatically transformed the method by which businesses and environmental agencies function.
When Henry Kravis from KKR and the non-profit environmental advocacy group Environmental Defense Fund (EDF) joined forces just a year ago green issues in the business community became major topic of dicussion. They intends to oppose big green matters, such as toxic chemicals, climate change, enormous consumption of water resources, and hazardous chemical use.
In order to accomplish these goals, they utilize a formula termed eco-efficiency, this calls for techniques like reducing the intensity of materials, optimizing data centers for efficiency, and waste reduction. Irrespective of the fact that the project was an enormous success, managment just did not realize how incredible the results were until Ken Mehlman, the head of the Green Portfolio Project and global public affairs, reviewed the first year’s profits.
As if to top everyone’s expectations, Ken learned that the Green Portfolio Project not only served in preserving the environment, but was also increasing the the profit from all their business organizations besides. Well-nigh all of the business organizations held by Kohlberg, Kravis, Roberts & Co and Ken Mehlman at present utilize eco-efficiency. All The Same, when you consider that the group has a 2009 portfolio worth eighty-six billion dollars, you can be sure this was no easy accomplishment.
Kohlberg, Kravis, Roberts & Co and the EDF with the help of Ken Mehlman have also extended the original Green Portfolio project. The Climate Corps Program founded by the EDF is an example of this, it promotes cost-effective, earth friendly principles to MBA interns.
Moreover, Ken Mehlman has been in close collaboration with Kohlberg, Kravis, Roberts & Co to formulate metrics and analytical tools that companies can use to quantify resources. These products allow staff to assess their progress and discover any areas that might need improving.
The business world has been revolutionized by the efforts of Henry Kravis, the KKC, and the Environmental Defense Fund. These developments have made decreasing their environmental impact easier for firms in every industry and illustrated that making profits need not entail the hefty price of negatively impacting our planet.
