Ken Mehlman of Kohlberg, Kravis, Roberts & Co. And the Environmental Defense Fund: Establishing Leadership in Business and Eco-Efficiency
Kohlberg, Kravis, Roberts & Co (KKR) was founded in the 1970’s and back then their specialty was in leveraged buyouts. Moving beyond, in the pursuit of making their acquisitions have less of an environmental impact, they have established a remarkable proposal that has dramatically transformed the method by which business concerns and environmental activists work together, forever.
When Henry Kravis from KKR and the independent Environmental Defense Fund (EDF) merged just a year ago environmental matters went mainstream. Issues like toxic waste and enormous water consumption are a priority in their company mission statement. In order to attain these goals, they deploy eco-efficiency which uses concepts such as reducing the dispersion of toxic chemicals, improving fuel economy through vehicle fleet maintenance, and optimizing data centers for efficiency. Simple and effective, but the management didn’t even realize the full project’s advantages until Ken Mehlman, the man in charge of the Green Portfolio Project, evaluated the numbers from the program when it had been in operation for a year. Knocking off all expectations, Ken discovered that this program not only diminished environmental impact, but also increased the the profit from every business organization as well. Nearly all of the commercial organizations affiliated to KKR and Ken Mehlman nowadays are actively participating in the program. If you think about the fact that the portfolio has a net worth of almost $100 billion dollars, you can be sure this was no easy achievement. The Green Portfolio project has evolved beyond its original remit and today includes new initiatives. For example, KKR joined the EDF’s Climate Corps Program an organization which instructs MBA interns how to formulate and start financially shrewd, environmentally friendly principles.
In addition, Ken Mehlman has been in close collaboration with Kohlberg, Kravis, Roberts & Co to produce systems that business concerns can utilize to quantify resources. This type of information is crucial as any sort of business can analyze their daily activities and identify where any issues may be resolved while simultaneously seeing their progress. Henry Kravis, the KKR, and the Environmental Defense Fund truly are trailblazers in the world of green business. Their innovative developments have simplified the procedure for organizations in every sector and proved that making profits need not entail the hefty price of damaging the environment.
