The History of Ken Mehlman of Kohlberg, Kravis, Roberts & Co & the Environmental Defense Fund
In the beginning, when Henry Kravis and George Roberts established Kohlberg, Kravis, Roberts & Co (KKR) in 1976 with the assistance of the First Chicago Corporation, their main business was in highly leveraged transactions. However, they have put together an innovative proposal which centers not just on how lucrative a corporation is, but in addition on how environmentally aware each of the enterprises in their portfolio are. KKR’s Henry Kravis and the New York based Environmental Defense Fund (EDF) joined forces in 2008, with the intention of making green business operation a widely accepted principle. They intended to oppose many all important issues affecting the ecology of the planet, for instance water pollution, toxic chemical use, reckless consumption of water resources, and toxic chemicals. Eco-efficiency (a term originally pitched by the World Business Council for Sustainable Development WBCSD) informs their mission’s framework, using environmentally aware policies such as fuel economy, recycling programs and reducing the waste of resources. The Green Portfolio Project was successful, even so the companies involved did not even realize the range of the advantages of the project until the head of the project and global public affairs, Ken Mehlman, assessed the project when it had been functioning for its first twelve months.
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Much to everybody’s surprise, Ken saw that this program not only diminished the impact on the planet, but also increased the profitability of all their businesses too. Nearly all of the companies affiliated to KKR and Ken Mehlman nowadays are involved in eco-efficiency techniques. Nevertheless, with a current business portfolio estimated at $86 billion, you may be sure this was not a simple feat. Kohlberg, Kravis, Roberts & Co with the Environmental Defense Fund along with Ken Mehlman are further developing the original project. For example, Kohlberg, Kravis, Roberts & Co got together with the Environmental Defense Fund’s Climate Corps Program which instructs MBA interns how to promote financially astute, earth friendly practices.
KKR and Ken Mehlman have been creating analytic tools that will be able to quantify and manipulate resources. With this information available, businesses can analyze each of their day-to-day activities and discover exactly how they can resolve any issues while at the same time letting them to see how green they are. Henry Kravis, the KKR, and the Environmental Defense Fund are visionaries in the world of green business. So, to summarize, these systems have made ecologically friendly business techniques not only viable, but commercially desirable, and their revolutionary ideas are setting a new standard in the high-pressure business world of today.
