Amateur Love Music

How Ken Mehlman of Kohlberg, Kravis, Roberts & Co. Works alongside the Environmental Defense Fund

November 25, 2009 on 6:10 am | In Uncategorized | Comments Off

Initially, when Henry Kravis and George Roberts launched Kohlberg, Kravis, Roberts & Co (KKR) in the mid-seventies with the assistance of the First Chicago Corporation, their specialization was in leveraged buyouts. But only last year they have put together an exceptional venture that centers not just on how much profit they can net, but additionally on the environmental impact of the companies they purchase. When Henry Kravis from KKR and the Environmental Defense Fund (EDF) joined forces in 2008 environmental matters in the business world became major discussion topic. Issues like soil contamination and immoderate water consumption are a top priority in their corporate mission. Eco-efficiency (the phrase was originally endorsed by the World Business Council for Sustainable Development WBCSD) is the formula leveraged to achieve these goals, employing policies like improving fuel economy through vehicle fleet maintenance, increasing the durability of products and maximum use of renewable resources. Impressive though it was the KKR and EDF did not understand the full project’s benefits until Ken Mehlman, the head of the project and global public affairs, studied the project when it had been up and running for its first 12 months. Eclipsing all expectations, Ken saw that practicing eco-efficiency not only assisted in proctecting the environment, but also increased the profits from each and every company as well. Virtually all of the commercial organizations held by Kohlberg, Kravis, Roberts & Co and Ken Mehlman nowadays are actively taking part in eco-efficiency. And, with a current portfolio worth $86 billion, you can be sure that this wasn’t a simple accomplishment. The initial Green Portfolio project now encompasses new initiatives. To illustrate, KKR got together with the Environmental Defense Fund’s Climate Corps Program an enterprise which instructs MBA students how to formulate and start cost-efficient, environmentally friendly principles.

KKR and Ken Mehlman have been creating products which oversee various resources. Tools such as these can assess an organization’s progress and discover any problem areas.

Henry Kravis, the KKC, and the Environmental Defense Fund have made going green less painful for business organizations all over the world. These innovations have simplified the process for organizations in any sector and demonstrated that making profits need not entail the hefty price of damaging the environment.