The Story of Ken Mehlman of Kohlberg, Kravis, Roberts & Co & the Environmental Defense Fund
Kohlberg, Kravis, Roberts & Co (KKR) was launched in 1976 and back then their specialization was in ‘bootstrap’ buyouts. But hoping to make the businesses they purchase have less ecological impact, KKR have launched a remarkable green enterprise which has completely transformed the method by which businesses and environmental activists work. Green business procedures became more widely adopted in 2008 when KKR’s Henry Kravis and the New York based Environmental Defense Fund (EDF) joined forces. Their goals include encouraging their affiliated companies in fighting against procedures which may harm the environment like depletion of the ozone layer not to forget exaggerated water consumption.
Eco-efficiency (a phrase originally submitted by the World Business Council for Sustainable Development) provides the framework for their mission, through applying green policies such as increasing the durability of products, optimizing data centers for efficiency and reducing the waste of resources. Regardless of the fact that the program was an enormous success, staff simply did not understand how far reaching the consequences were until Ken Mehlman, the head of the program and global public affairs, looked over the first year’s profits.
Only then did Ken Mehlman learn that utilizing eco-efficiency wasn’t just helping to conserve the local environment, but it was also helping to save a diverse range of businesses a remarkable amount of money, and so the program was virtually an immediate success. These days, Kohlberg, Kravis, Roberts & Co and Ken Mehlman have managed to get well-nigh every last company in their portfolio actively participating in the program. Considering that the total portfolio is worth 86,000,000,000 dollars, you may be certain this was not an easy feat.
Kohlberg, Kravis, Roberts & Co with the EDF alongside Ken Mehlman are developing the original project. To illustrate, KKR linked up with the Environmental Defense Fund’s Climate Corps Program a venture that instructs interns studying for a Master’s degree in Business Administration how to promote financially astute, earth friendly principles.
Moreover, Ken Mehlman has been working closely with KKR to produce a package of metrics and analytic tools that all kinds of business organizations can employ to measure and manage different resources. Systems like these let management to measure their progress and discover any underlying problems. Henry Kravis, the KKC, and the Environmental Defense Fund have encouraged all sorts of businesses to become more ecologically friendly. In conclusion, the work of these organizations has made green business practice not only viable, but commercially desirable, and their radical ideas are setting a new standard in today’s community.
