Ken Mehlman of Kohlberg, Kravis, Roberts & Co. And the Environmental Defense Fund — Trailblazers in Business and Ecology
Posted on 15 Dec 2009 at 12:05 pm | Tagged as: Baker's Dozen
Kohlberg, Kravis, Roberts & Co (KKR) was launched by Henry Kravis and his partner George Roberts in the mid 70’s with some assistance from the First Chicago Corporation. More recently in the hope of making their acquisitions more environmentally friendly and more profitable as well, KKR have set up a unique green project that has entirely changed the method by which business concerns and environmental activists work. Green business practice became more broadly acceptable a year ago when KKR’s Henry Kravis and the New York based Environmental Defense Fund (EDF) merged. Their company mission is to encourage their affiliated companies in avoiding environmental menaces e.g. depletion of the ozone layer and overblown consumption of water resources.
To implement this, they apply eco-efficiency which calls for concepts such as reducing the intensity of materials, using clean energy, and reducing the dispersion of toxic chemicals. Irrespective of the fact that the project was an enormous success, managment just didn’t realize how fantastic the effects were until Ken Mehlman, the person in charge of the Green Portfolio Project, finished the review of the first twelve months. Beating all expectations, Ken discovered that this program not only lessened environmental impact, but also increased the profits from each and every business too. Up to now, Kohlberg, Kravis, Roberts & Co and Ken Mehlman have managed to get almost all of their companies involved in the Green Portfolio Project. Seeing that this group of business organizations is valued at nearly 100.000,000,000 USD, you can see what an enormous accomplishment this really was.
The initial Green Portfolio project has evolved far beyond its basic purpose and today includes new and innovative enterprises. For instance, KKR got together with the EDF’s Climate Corps Program an organization which instructs MBA students how to introduce cost-effective, green practices.
KKR and Ken Mehlman have been formulating systems which can manipulate resources. This type of information is critical as businesses may easily measure all of their day to day activities and ascertain how they can solve any problems while simultaneously tracking their progress.
Henry Kravis, the KKR, and the Environmental Defense Fund are genuine trailblazers in the business world. In conclusion, the work of these organizations has made green business techniques not only viable, but commercially desirable, and their radical ideas are setting a new standard in today’s community.
