Business and Eco-Efficiency — Ken Mehlman of Kohlberg, Kravis, Roberts & Co. And the Environmental Defense Fund
Kohlberg, Kravis, Roberts & Co (KKR) was set up in the mid-seventies and in those days the firm’s focus was in highly leveraged transactions. Lately, however, hoping to make the companies they acquire greener, they have founded a unique green proposal that has changed the way businesses and environmental activists operate.
Green business practice became more widely recognized in 2008 when KKR’s Henry Kravis and the the Environmental Defense Fund (EDF) joined forces. Issues like resource depletion and exaggerated consumption of water resources are a priority in their corporate mission statement. Eco-efficiency (a term initially submitted by the World Business Council for Sustainable Development WBCSD) is the procedure used to achieve these objectives, employing green policies such as using clean energy, waste reduction and maximum use of renewable resources. Efficient though it was the KKR and EDF didn’t even understand the range of the project’s advantages until Ken Mehlman, the person in charge of the Green Portfolio Project, assessed the program when it had been functioning for its first twelve months. Outdoing all expectations, Ken saw that this program not only served in proctecting the local environment, but was also increasing the profitability of all their companies besides. Up to now, Kohlberg, Kravis, Roberts & Co and Ken Mehlman have managed to get well-nigh all of their companies engaged in eco-efficiency. Yet, with a current portfolio valued at 86,000,000,000 dollars, you can be sure that this wasn’t an easy see what an enormous accomplishment this is. The original Green Portfolio project now encompasses new initiatives. The Climate Corps Program set up by the Environmental Defense Fund is just one of these, it heightens awareness of cost-effective, ecologically friendly principles to students studying for an MBA. KKR and Ken Mehlman have been formulating analytical tools and other relevant systems which manipulate resources. These metrics can measure a company’s environmental impact and discover any underlying issues. Henry Kravis, the KKC, and the Environmental Defense Fund have made going green simpler for business organizations large and small. So, in conclusion, these systems have made green business practice not only viable, but commercially desirable, and their radical ideas are setting a new standard in the competitive business world of today.
