Something for You to Try out - Ken Mehlman of Kohlberg, Kravis, Roberts & Co
Kohlberg, Kravis, Roberts & Co (KKR) was launched in the 1970’s and back then the company’s specialty was in leveraged buyouts. More recently, however, in an exceptional effort to make the businesses they buy greener, they have founded a remarkable green enterprise which has dramatically transformed the way business concerns and environmental groups work.
When Henry Kravis from KKR and the Environmental Defense Fund (EDF) got together in 2008 environmental issues all of a sudden became a mainstream idea. Their goals include encouraging their associated businesses to oppose environmental menaces such as toxic emissions not to forget any irresponsible water consumption. Eco-efficiency (the term was originally submitted by the World Business Council for Sustainable Development) is the methodology leveraged to achieve these aims, using techniques like using clean energy, improving fuel economy through vehicle fleet maintenance and fuel economy. The project was a stunning success, but the KKR and EDF did not see the scope of the program’s benefits until Ken Mehlman, the head of the program and global public affairs, studied the project when it had been in operation for a year. Surpassing everyone’s expectations, Ken realized that utilizing eco-efficiency not only raised environmental awareness, but was also increasing the the net profit from all their businesses too. Up to now, Kohlberg, Kravis, Roberts & Co and Ken Mehlman have managed to get well-nigh every last company in their portfolio taking part in the Green Portfolio Project. Considering that this group of companies is worth virtually 100 billion USD, you can see what an enormous achievement this really is. These two groups along with Ken Mehlman have also expanded on the initial Green Portfolio project. The Climate Corps Program administrated by the Environmental Defense Fund is an example of this, it promotes planet friendly principles to students studying for a Master’s in Business Administration.
In addition, Ken Mehlman has been in close collaboration with Kohlberg, Kravis, Roberts & Co to produce a series of analytic tools which a range of business concerns can employ to quantify and oversee resources. Products like these can track an organization’s progress and discover any practices which might need work.
Henry Kravis, the KKC, and the Environmental Defense Fund have made going green more attractive for businesses large and small. Their developments have set a high standard for firms in any sector and demonstrated that running a profitable business need not entail the hefty price of negatively impacting our planet.
