How Ken Mehlman of Kohlberg, Kravis, Roberts & Co. Works in Coordination with the Environmental Defense Fund
Kohlberg, Kravis, Roberts & Co (KKR) was launched by Henry Kravis and his partner George Roberts in the 1970’s with the support of the First Chicago Corporation. Recently they have set up a groundbreaking green project that focuses not only on how much money they can produce, but additionally on how ecologically friendly each of their companies are. Green business processes went mainstream last year when KKR’s Henry Kravis and the non-profit Environmental Defense Fund (EDF) joined forces. Their goals include encouraging their associated firms to resolve environmental menaces e.g. toxic waste and any immeasurable water consumption. In order to attain this, they apply eco-efficiency; this uses techniques like increasing the durability of products, waste reduction, and reducing the dispersion of toxic chemicals. The Green Portfolio Project was a great success, but the companies involved did not grasp the scope of the benefits of the project until Ken Mehlman, the person responsible for the Green Portfolio Project, looked over the numbers from the project following its first year in operation. Knocking off everybody’s expectations, Ken found that this program not only helped in proctecting the local environment, but was also increasing the profitability of each and every business organization as well. At the time of writing, KKR and Ken Mehlman have well-nigh each and every company in their portfolio actively participating in eco-efficiency principles. However, when you consider that the group has a current portfolio valued at eighty six billion dollars, you may be sure this was not an easy achievement.
The original project has developed far beyond its initial purpose and currently encompasses new and innovative initiatives. The Climate Corps Program set up by the EDF is one of these, it campaigns for eco-efficient business principles to MBA interns. Moreover, Ken Mehlman has been cooperating closely with Kohlberg, Kravis, Roberts & Co to produce metrics and analytic tools which companies can employ to measure and administer resources. This type of data is critical as companies may without much effort assess all of their day-to-day operations and find out where they can resolve any issues while at the same time letting staff to find out how much they have moved on. The business community has been changed by the pioneering efforts of Henry Kravis, the KKC, and the Environmental Defense Fund. Their innovative developments have simplified the process for firms in any industry and illustrated that making profits need not entail the hefty price of damaging the environment.
