How Ken Mehlman of Kohlberg, Kravis, Roberts & Co. Works with the Environmental Defense Fund
In the beginning, when Henry Kravis and his partner George Roberts founded Kohlberg, Kravis, Roberts & Co (KKR) in the 1970’s with some support from the First Chicago Corporation, their specialization was in highly leveraged transactions. But recently they have put together an exceptional green enterprise which concentrates not solely on how profitable an enterprise is, but likewise on the ecological impact of the companies they invest in.
KKR’s Henry Kravis and the New York based Environmental Defense Fund (EDF) merged last year, with the intention of making green business practices a widely accepted principle. Their corporate mission is to encourage their associated firms in fighting against procedures which may destroy the environment e.g. toxic chemicals as well as lavish water consumption. To accomplish this, they utilize a formula known as eco-efficiency which makes use of techniques like optimizing data centers for efficiency, improving fuel economy through vehicle fleet maintenance, and reducing the dispersion of toxic chemicals. Simple and effective, but the management didn’t even realize the entirety of the advantages of the project until the head of the program and global public affairs, Ken Mehlman, studied the project subsequent to a full year in operation.
Only then did Ken Mehlman realize that eco-efficiency was not just lessening impact on the planet, but it was also saving firms a considerable amount of money, making the program virtually an immediate hit. To date, Kohlberg, Kravis, Roberts & Co and Ken Mehlman have virtually every associated company participating in the project. Still, when you consider that the group has a 2009 portfolio worth 86,000,000,000 USD, you can be certain that this was not a simple achievement. The original Green Portfolio project has evolved beyond its basic purpose and now includes new ventures. The Climate Corps Program founded by the Environmental Defense Fund is an example of this, it campaigns for eco-efficient principles to MBA interns. Furthermore, Ken Mehlman has been working closely with Kohlberg, Kravis, Roberts & Co to develop products which business organizations can employ to measure and oversee a number of resources. These products can evaluate a company’s progress and identify any problem areas.
Today’s business world has been altogether revolutionized by the work of these organizations. So, to summarize, the work of these organizations has made environmentally friendly business practice not only viable, but commercially desirable, and their radical ideas are setting a new standard in today’s community.
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