Green Business — Ken Mehlman of Kohlberg, Kravis, Roberts & Co. And the Environmental Defense Fund
Initially, when Henry Kravis and George Roberts launched Kohlberg, Kravis, Roberts & Co (KKR) in the 1970’s with the assistance of the First Chicago Corporation, their specialty was in highly leveraged transactions. But in the pursuit of making the businesses in their portfolio have less ecological impact, they have set up a remarkable venture which has completely transformed the way businesses and environmental activists work.
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When Henry Kravis from KKR and the Environmental Defense Fund (EDF) joined forces only a year ago environmental matters suddenly became a mainstream idea. They wanted to oppose critical matters affecting the ecology of the earth, for example toxic chemical use, soil contamination, monumental consumption of water resources, and greenhouse gas emissions. In order to implement this, they utilize a procedure called eco-efficiency; this calls for techniques such as maximum use of renewable resources, using clean energy, and increasing the durability of products. The program was successful, but the KKR and EDF didn’t see the full project’s advantages until the head of the project and global public affairs, Ken Mehlman, reviewed the program when it had been up and running for a year. Only at that point did Ken Mehlman discover that utilizing eco-efficiency wasn’t only helping to protect the local environment, but additionally it was helping to save a wide range of companies a large sum of money, making the program virtually an instant success. Well-nigh all of the commercial concerns held by Kohlberg, Kravis, Roberts & Co and Ken Mehlman at present utilize eco-efficiency. Nevertheless, with a 2009 business portfolio worth $86 billion, you can be sure this wasn’t a simple achievement.
The original project has now broadened to include new opportunities. For instance, KKR joined the Environmental Defense Fund’s Climate Corps Program a venture that teaches students taking an MBA how to develop and initiate cost-effective, environmentally friendly practices. In recent months, Ken Mehlman has been in close collaboration with KKR to develop a variety of systems that all kinds of businesses can use to evaluate and oversee resources. Systems like these permit employees to evaluate their progress and identify any problem areas. Today’s business community has been entirely changed by the ground breaking efforts of Henry Kravis, the KKC, and the Environmental Defense Fund. These innovations have made cutting back their environmental impact less problematic for companies in every industry and shown the world that running a profitable business need not entail the hefty price of damaging the environment.
