Ken Mehlman of Kohlberg, Kravis, Roberts & Co. And the Environmental Defense Fund — Pacesetters in Business and Protecting the Planet
Kohlberg, Kravis, Roberts & Co (KKR) was set up by Henry Kravis and George Roberts in the mid seventies with the help of the First Chicago Corporation. However, in the hope of making the companies in their portfolio more ecologically friendly, they have founded a unique enterprise which has changed the way businesses and environmental activists operate.
Green business practices became major topic of dicussion in 2008 when KKR’s Henry Kravis and the the Environmental Defense Fund (EDF) joined forces. Issues like climate change and absurd water consumption are an important part of their corporate mission statement.
Eco-efficiency (a term first propagated by the World Business Council for Sustainable Development) comprises their mission’s framework, using green policies like fuel economy, reducing the waste of resources and maximum use of renewable resources. Irrespective of the fact that the project was an enormous success, managment just didn’t understand how important the results were until Ken Mehlman, the executive in charge of the project, finished the review of the first 12 months. As if to outdo everyone’s expectations, Ken found that utilizing eco-efficiency not only raised environmental responsibility, but was also increasing the profits from every last company besides. Virtually all of the business concerns held by Kohlberg, Kravis, Roberts & Co and Ken Mehlman nowadays participate in the Green Portfolio Project. When you look at the fact that this portfolio of business concerns has a net worth of almost 100.000,000,000 USD, you may be sure this wasn’t a simple accomplishment. KKR and the Environmental Defense Fund alongside Ken Mehlman have also expanded on the initial Green Portfolio project. For instance, KKR got together with the Environmental Defense Fund’s Climate Corps Program a venture that teaches students taking an MBA how to introduce financially strong, earth friendly principles.
KKR and Ken Mehlman have been creating a variety of metrics which will be able to evaluate and manipulate resources. This type of information is invaluable as any sort of business may easily assess all of their daily procedures and ascertain where they can solve any problems while at the same time tracking their progress.
Henry Kravis, the KKC, and the Environmental Defense Fund have encouraged all sorts of businesses to become more environmentally friendly. These innovations have simplified the process for business organizations in any sector and demonstrated to the world that making profits need not entail the hefty price of damaging the environment.
