The History of Ken Mehlman of Kohlberg, Kravis, Roberts & Co & the Environmental Defense Fund
Kohlberg, Kravis, Roberts & Co (KKR) was set up in the mid 70’s and back then their specialty was in highly leveraged transactions. Moving beyond, hoping to make their portfolio of companies more environmentally friendly and more profitable to boot, KKR have set up a remarkable venture which has transformed the method by which business concerns and environmental agencies operate.
KKR’s Henry Kravis and the independent Environmental Defense Fund (EDF) merged a year ago, with the intention of making green business processes an accepted principle. Their company mission is to offer encouragement to businesses in opposing environmental menaces such as climate change and any preposterous consumption of water resources.
Eco-efficiency (a phrase first propagated by the World Business Council for Sustainable Development WBCSD) represents their mission’s framework, through applying policies such as increasing the durability of products, fuel economy and maximum use of renewable resources. Efficient though it was the management did not even realize the full project’s benefits until the head of the project and global public affairs, Ken Mehlman, reviewed the numbers from the project subsequent to a full year in operation. Surpassing everyone’s expectations, Ken saw that this program not only assisted in preserving the environment, but was also increasing the the net profit from every last company too. Virtually all of the business concerns held by Kohlberg, Kravis, Roberts & Co and Ken Mehlman nowadays practice eco-efficiency. And, with a 2009 portfolio worth 86,000,000,000 dollars, you may be sure that this was no easy accomplishment.
Kohlberg, Kravis, Roberts & Co with the help of Ken Mehlman are further extending the original program. The Climate Corps Program administered by the EDF is an example of this, it heightens awareness of cost-efficient, environmentally friendly procedures to MBA interns.
What is more, Ken Mehlman has worked closely with Kohlberg, Kravis, Roberts & Co to produce a variety of metrics which business organizations can employ to measure and oversee resources. Products such as these can evaluate a company’s progress and identify any underlying problems.
Henry Kravis, the KKC, and the Environmental Defense Fund have encouraged all sorts of businesses to become more ecologically friendly. Their visionary concepts have set a high standard for businesses in every sector and proved that running a profitable business need not entail the hefty price of negatively impacting our planet.
