Green Business — Ken Mehlman of Kohlberg, Kravis, Roberts & Co. And the Environmental Defense Fund
Posted in The Social Webbing Way on October 31st, 2009When Henry Kravis and George Roberts launched Kohlberg, Kravis, Roberts & Co (KKR) in the 1970’s with the support of the First Chicago Corporation, their main business was in “bootstrap” buyouts. Moving further, in an uncommon attempt to make their portfolio of companies greener, KKR have set up an innovative green enterprise that has entirely transformed the method by which businesses and environmental activists work. When Henry Kravis from KKR and the Environmental Defense Fund (EDF) joined forces in 2008 environmental issues went mainstream. Big matters like global warming and undue water consumption rank high on their agenda. In order to achieve this, they employ eco-efficiency, this involves techniques like optimizing data centers for efficiency, increasing the durability of products, and reducing the dispersion of toxic chemicals. The Green Portfolio Project was successful, nevertheless the companies involved didn’t even realize the range of the program’s advantages until Ken Mehlman, the head of the project and global public affairs, reviewed the numbers from the program when it had been up and running for a year.
Much to everybody’s surprise, Ken found that using eco-efficiency not only served in proctecting the local environment, but also increased the profits from each and every company too. Almost all of the firms affiliated to Kohlberg, Kravis, Roberts & Co and Ken Mehlman today apply eco-efficiency. Yet, with a 2009 business portfolio with an estimated worth of eighty six billion dollars, you can be certain that this was no easy accomplishment. The initial Green Portfolio project is expanding to include new and groundbreaking enterprises. The Climate Corps Program administrated by the Environmental Defense Fund is an example of this, it campaigns for cost-effective, green principles to MBA interns.
KKR and Ken Mehlman have made the effort to create analytical tools which quantify and manage various resources. Products such as these let staff to track their progress and identify any problem areas. Henry Kravis, the KKR, and the Environmental Defense Fund truly are visionaries in the world of green business. So, in conclusion, the work of these organizations has made green business techniques not only viable, but commercially desirable, and their novel ideas are setting a new standard in today’s world.