How Ken Mehlman of Kohlberg, Kravis, Roberts & Co. Works with the Environmental Defense Fund
Initially, when Henry Kravis and George Roberts set up Kohlberg, Kravis, Roberts & Co (KKR) in the 1970’s with the help of the First Chicago Corporation, their main business was in leveraged buyouts. However, they have put together a remarkable enterprise which focuses not alone on optimized ROI, but also on how ecologically aware each of the companies in their portfolio currently are.
Green business processes became more broadly adopted last year when KKR’s Henry Kravis and the the Environmental Defense Fund (EDF) joined forces. Issues like hazardous chemical use and undue consumption of water resources are a top priority in their corporate mission statement.
To implement these goals, they deploy eco-efficiency which calls for concepts like using clean energy, waste reduction, and recycling programs. The program was well received, but the management did not even understand the range of the project’s benefits until the head of the Green Portfolio Project and global public affairs, Ken Mehlman, studied the program when it had been functioning for its first full year. Outdoing all expectations, Ken discovered that utilizing eco-efficiency not only increased environmental responsibility, but also increased the profits from every last business organization as well. Nearly all of the businesses owned by KKR and Ken Mehlman at present use eco-efficiency. Considering that this group of companies has a value of almost 100 billion USD, you may see what a huge feat this really is. Kohlberg, Kravis, Roberts & Co in association with Ken Mehlman are further expanding the initial project. For instance, Kohlberg, Kravis, Roberts & Co joined the EDF’s Climate Corps Program an organization which teaches interns studying for a Master’s degree in Business Administration how to encourage cost-effective, environmentally friendly principles. KKR and Ken Mehlman have been formulating metrics and analytic tools that quantify and manipulate resources. This type of info is critical as businesses can measure all of their everyday procedures and discover exactly how they can solve any problems while simultaneously tracking their progress.
Henry Kravis, the KKR, and the Environmental Defense Fund are true groundbreakers in the business community. So, to summarize, these systems have made green business techniques not only viable, but commercially desirable, and their revolutionary ideas are setting a new standard in today’s business world.
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