All You Need to Know about Ken Mehlman of Kohlberg, Kravis, Roberts & Co. And the Environmental Defense Fund
Kohlberg, Kravis, Roberts & Co (KKR) was set up in 1976 and in those days the firm’s specialty was in highly leveraged transactions. However, in the hope of making the companies in their portfolio have less environmental impact, KKR have established an extraordinary green project that has entirely changed the way business concerns and environmental agencies carry on their everyday business. Green business practice became a hot topic last year when KKR’s Henry Kravis and the non-profit environmental advocacy group Environmental Defense Fund (EDF) merged. Big green issues like toxic waste and unreasonable consumption of water resources are a top priority in their company mission.
Eco-efficiency (the term was first pitched by the WBCSD) has shaped their mission’s framework, by applying policies like increasing the durability of products, waste reduction and reducing the dispersion of toxic chemicals. The Green Portfolio Project was successful, nevertheless the management didn’t grasp the full benefits of the program until the head of the program and global public affairs, Ken Mehlman, reviewed the figures from the project when it had been operating for its first year.
Much to everybody’s surprise, Ken found that applying eco-efficiency not only decreased environmental impact, but was also increasing the the profit from every last business organization as well. These days, Kohlberg, Kravis, Roberts & Co and Ken Mehlman have almost every firm in their portfolio actively engaged in eco-efficiency principles. Still, with a 2009 business portfolio with a value of $86,000,000,000, you can be sure this was no easy feat.
Kohlberg, Kravis, Roberts & Co with the Environmental Defense Fund with the help of Ken Mehlman are developing the original Green Portfolio project. The Climate Corps Program set up by the Environmental Defense Fund is one of these, it promotes planet friendly techniques to students taking a Master’s in Business Administration. KKR and Ken Mehlman have taken the time to create metrics and analytical tools that evaluate and administer resources. With this information available, any sort of business can assess their day-to-day activities and find out where any issues may be resolved while at the same time seeing their progress. Henry Kravis, the KKC, and the Environmental Defense Fund have encouraged all sorts of businesses to become more environmentally friendly. So, to summarize, these systems have made green business techniques not only viable, but commercially desirable, and their radical ideas are setting a new standard in the business world of today.
