Protecting the Environment — Ken Mehlman and Kohlberg, Kravis, Roberts & Co. Show How to Do it
Kohlberg, Kravis, Roberts & Co (KKR) was set up in 1976 and in the beginning the company’s focus was in highly leveraged transactions. But they have set up an extraordinary proposal that centers not solely on how much profit they can produce, but additionally on how ecologically friendly each of their companies are.
Environmentally friendly business processes became more generally acknowledged in 2008 when KKR’s Henry Kravis and the New York based Environmental Defense Fund (EDF) got together. Key issues like toxic waste and colossal water consumption are an important part of their corporate mission. In order to implement these goals, they apply a methodology labeled eco-efficiency; this makes use of practical techniques like increasing the durability of products, reducing the waste of resources, and optimizing data centers for efficiency. Even though the project was an enormous success, no-one realized how extensive the consequences really were until Ken Mehlman, the head of the project and global public affairs, studied the first year’s figures.
Much to everyone’s surprise, Ken saw that this program not only helped in preserving the local environment, but was also increasing the profits from all their businesses as well. Currently, Kohlberg, Kravis, Roberts & Co and Ken Mehlman have managed to get well-nigh every last firm in their portfolio involved in the Green Portfolio Project. And, with a 2009 business portfolio with a worth of 86,000,000,000 USD, you may be certain that this was no easy see what an enormous feat this is.
The Green Portfolio project now includes new and groundbreaking enterprises. To illustrate, Kohlberg, Kravis, Roberts & Co got together with the Environmental Defense Fund’s Climate Corps Program an organization which instructs interns studying for a Master’s in Business Administration how to formulate and introduce financially astute, green principles.
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Moreover, Ken Mehlman has been working closely with KKR to produce products which firms can utilize to quantify and manage a number of resources. With this information available, companies may easily study all of their everyday activities and find out where they can solve any problems while at the same time allowing staff to determine their environmental impact. The business world has been changed forever by the ground-breaking efforts of Henry Kravis, the KKC, and the Environmental Defense Fund. Their developments have set a high standard for firms in every industry and shown the world that running a profitable business need not entail the hefty price of damaging the environment.
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