How Ken Mehlman of Kohlberg, Kravis, Roberts & Co. Works alongside the Environmental Defense Fund
Kohlberg, Kravis, Roberts & Co (KKR) was set up in 1976 and orginally their main business was in highly leveraged transactions. But they have put together a novel green proposal which focuses not simply on maximized ROI, but also on how ecologically aware each of their companies are.
Environmentally aware business practices became major topic of dicussion a year ago when Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the independent Environmental Defense Fund (EDF) joined forces. These companies intends to campaign against big issues damaging the environment, which include toxic waste, hazardous chemicals, extreme water consumption, and hazardous waste. In order to accomplish these goals, they apply eco-efficiency which uses concepts such as increasing the durability of products, waste reduction, and using clean energy. Even though the project was a huge success, no-one recognized how far-reaching the effects truly were until Ken Mehlman, the head of the Green Portfolio Project and global public affairs, finished the first annual review.
Much to everybody’s surprise, Ken realized that this program not only cut back on the overall impact on the planet, but was increasing the profitability of all their companies too. Up to now, Kohlberg, Kravis, Roberts & Co and Ken Mehlman have almost every associated company participating in eco-efficiency techniques. And, with a 2009 portfolio worth $86 billion, you may be sure this was no easy feat. The Green Portfolio project has now broadened to encompass new opportunities. The Climate Corps Program administrated by the EDF is a good example of this, it advances environmentally friendly business techniques to students taking a Master’s degree in Business Administration. Moreover, Ken Mehlman has worked closely with Kohlberg, Kravis, Roberts & Co to produce systems that a variety of business concerns can use to quantify and oversee different resources. With this information available, businesses can measure their daily processes and identify where any issues may be resolved while simultaneously letting them to view their impact on the planet.
Henry Kravis, the KKR, and the Environmental Defense Fund are visionaries when it comes environmentally sound business techniques. Their revolutionary concepts have set a high standard for organizations in any sector and illustrated that making profits need not entail the hefty price of damaging the environment.
