Ken Mehlman of Kohlberg, Kravis, Roberts & Co. And the Changing Face of Environmentally Sound Business
In the beginning, when Henry Kravis and his business partner George Roberts launched Kohlberg, Kravis, Roberts & Co (KKR) in the mid-seventies with the help of the First Chicago Corporation, their specialty was in highly leveraged transactions. But they have put together an extraordinary green proposal that centers not only on how lucrative a company is, but likewise on how ecologically aware each of the enterprises in their portfolio currently are.
Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the the Environmental Defense Fund (EDF) got together last year, with the intention of making environmentally aware business operation an accepted idea. Issues like air pollution and exorbitant water consumption are high on their list of priorities.
To implement this, they apply eco-efficiency which involves concepts like reducing the intensity of materials, increasing the durability of products, and reducing the waste of resources. Even though the program was an enormous success, no-one understood how far-reaching the consequences were until Ken Mehlman, the man responsible for the program, finished the first annual review.
As if to knock off everybody’s expectations, Ken discovered that this program not only enhanced environmental responsibility, but also increased the profits from all their businesses besides. To date, Kohlberg, Kravis, Roberts & Co and Ken Mehlman have virtually all of their firms taking part in eco-efficiency techniques. When you look at the fact that this portfolio of companies has a net worth of 86 billion dollars, you can see what a massive achievement this really is.
KKR with the Environmental Defense Fund alongside Ken Mehlman have also developed the original Green Portfolio project. To illustrate, Kohlberg, Kravis, Roberts & Co joined the Environmental Defense Fund’s Climate Corps Program an enterprise which instructs students studying for an MBA how to develop and initiate cost-efficient, ecologically friendly principles. In recent months, Ken Mehlman has been collaborating closely with KKR to develop systems that firms can use to quantify and manage resources. This type of info is critical as any business may without very much effort evaluate all of their daily procedures and find out how any issues can be resolved while simultaneously seeing their progress. Henry Kravis, the KKC, and the Environmental Defense Fund have encouraged all sorts of businesses to become more environmentally friendly. So, to summarize, these systems have made environmentally friendly business techniques not only viable, but commercially desirable, and their novel ideas are setting a new standard in today’s business world.
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