How Ken Mehlman of Kohlberg, Kravis, Roberts & Co. Works in Conjunction with the Environmental Defense Fund
Kohlberg, Kravis, Roberts & Co (KKR) was launched by Henry Kravis and George Roberts in the 1970’s with assistance from the First Chicago Corporation. But going on, hoping to make their acquisitions have less of an ecological impact, KKR have set in motion an extraordinary green enterprise which has entirely changed the method by which businesses and environmental agencies work.
When Henry Kravis from KKR and the New York based Environmental Defense Fund (EDF) joined forces just a year ago environmental matters in the business world became a hot topic. Their objectives include encouraging their affiliated businesses to resolve procedures which may harm the environment like toxic chemicals and exorbitant consumption of water resources.
In order to attain this, they deploy a formula called eco-efficiency, this involves techniques like improving fuel economy through vehicle fleet maintenance, reducing the dispersion of toxic chemicals, and reducing the intensity of materials. Although the project was a colossal success, no-one realized how fantastic the effects were until Ken Mehlman, the person responsible for the program, examined the first year’s figures.
Much to everyone’s surprise, Ken discovered that this program not only assisted in proctecting the environment, but also increased the profits from all their business concerns too. Nearly all of the commercial organizations connected with Kohlberg, Kravis, Roberts & Co and Ken Mehlman nowadays are involved in eco-efficiency. If you look at the fact that this portfolio of business organizations is worth almost $100 billion dollars, you may be certain this was no easy achievement.
KKR and the Environmental Defense Fund in association with Ken Mehlman are further extending the original project. The Climate Corps Program founded by the Environmental Defense Fund is just one of these projects, it promotes financially strong, green techniques to MBA interns.
Recently, Ken Mehlman has been in close collaboration with Kohlberg, Kravis, Roberts & Co to develop a series of metrics that firms can employ to quantify and oversee a number of resources. Programs such as these permit management to evaluate their progress and identify any underlying issues.
Today’s business community has been altogether changed by the work of Henry Kravis, the KKC, and the Environmental Defense Fund. Their innovations have set a benchmark for firms in every industry and shown that making profits need not entail the hefty price of negatively impacting our planet.
