The Story of Ken Mehlman of Kohlberg, Kravis, Roberts & Co & the Environmental Defense Fund
Kohlberg, Kravis, Roberts & Co (KKR) was launched in the 70’s and orginally the company’s focus was in ‘bootstrap’ buyouts. Recently they have assembled a unique green enterprise that concentrates not just on maximum profit margins, but in addition on how ecologically aware each of their companies are. Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the non-profit environmental advocacy group Environmental Defense Fund (EDF) joined forces in 2008, with the intention of making environmentally friendly business practices a commonplace principle. These companies aims to tackle many primary matters affecting the environment, for instance hazardous chemicals, toxic emissions, inflated consumption of water resources, and hazardous waste. To follow through with this, they apply a formula called eco-efficiency which involves concepts such as improving fuel economy through vehicle fleet maintenance, maximum use of renewable resources, and fuel economy. Impressive though it was the firms involved didn’t even realize the totality of the project’s advantages until Ken Mehlman, the head of the Green Portfolio Project and global public affairs, assessed the program when it had been operating for a year.
Much to everyone’s surprise, Ken found that the project not only raised environmental awareness, but was also increasing the profitability of every last business organization as well. Well-nigh all of the commercial organizations linked with Kohlberg, Kravis, Roberts & Co and Ken Mehlman at present are taking part in the Green Portfolio Project. When you look at the fact that this group of business concerns has a net worth of 86 billion dollars, you may see what a tremendous achievement this is.
Kohlberg, Kravis, Roberts & Co and the EDF in association with Ken Mehlman have also extended the initial program. The Climate Corps Program established by the Environmental Defense Fund is just one of these, it heightens awareness of eco-efficient principles to MBA interns. KKR and Ken Mehlman have been creating a package of analytic tools which will be able to oversee resources. These metrics allow staff see how they are impacting on the environment and identify any areas which might need to be evaluated again.
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Henry Kravis, the KKR, and the Environmental Defense Fund are genuine visionaries in the world of green business. Their unique concepts have simplified the process for businesses in every industry and demonstrated to the world that making profits need not entail the hefty price of damaging the environment.
