Going Green — Ken Mehlman and Kohlberg, Kravis, Roberts & Co. Set the Standard
Kohlberg, Kravis, Roberts & Co (KKR) was founded in 1976 and back then the firm’s main business was in leveraged buyouts. However, they have assembled a unique green enterprise which focuses not just on how lucrative a corporation is, but additionally on how ecologically friendly each of their companies are. Environmentally aware business procedures went mainstream a year ago when Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the New York based Environmental Defense Fund (EDF) got together. Their goals include encouraging businesses to avoid environmental menaces such as hazardous waste and enormous water consumption.
In order to attain this, they use a formula called eco-efficiency which makes use of practical techniques such as waste reduction, using clean energy, and reducing the intensity of materials. The Green Portfolio Project was a stunning success, but the KKR and EDF did not even understand the scope of the advantages of the program until the person in charge of the program, Ken Mehlman, looked over the figures from the program when it had been up and running for a year.
Outdoing everyone’s expectations, Ken found that using eco-efficiency not only served in preserving the local environment, but was also increasing the the profit from all their businesses too. Virtually all of the commercial concerns linked with KKR and Ken Mehlman at present are taking part in eco-efficiency principles. Considering that the total portfolio has a net worth of $86 billion, you can see what a tremendous accomplishment this is.
The original Green Portfolio project has grown beyond its original remit and nowadays encompasses new and innovative enterprises. The Climate Corps Program administered by the EDF is a good example of this, it promotes eco-efficient techniques to students taking an MBA. In recent months, Ken Mehlman has been in close collaboration with Kohlberg, Kravis, Roberts & Co to formulate a package of metrics and other relevant systems which a variety of businesses can employ to quantify and manage a number of resources. These metrics can assess a company’s progress and discover any underlying problems.
The business world has been altered forever by the ground breaking work of Henry Kravis, the KKC, and the Environmental Defense Fund. These developments have made decreasing their environmental impact less problematic for business organizations in every industry and established that making profits need not entail the hefty price of damaging the environment.
