How Ken Mehlman of Kohlberg, Kravis, Roberts & Co. Works with the Environmental Defense Fund
Kohlberg, Kravis, Roberts & Co (KKR) was launched in the 70’s and in those days their focus was in highly leveraged transactions. However, they have set up an exceptional green proposal which concentrates not simply on profitability, but in addition on how environmentally aware each of the businesses in their portfolio are. Environmentally friendly business procedures became major topic of dicussion in 2008 when Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the independent Environmental Defense Fund (EDF) merged. Their mission is to offer encouragement to companies to fight against procedures which may harm the environment e.g. resource depletion and any reckless water consumption.
In order to accomplish this, they utilize a method termed eco-efficiency; this calls for techniques such as reducing the intensity of materials, increasing the durability of products, and improving fuel economy through vehicle fleet maintenance. Regardless of the fact that the program was a colossal success, no-one recognized how far-reaching the consequences were until Ken Mehlman, the person responsible for the program, looked at the numbers for the first 12 months.
Ken who received a J.D. from Harvard Law School in 1991, has served as field director for George W. Bush’s 2000 presidential campaign, became Managing Director and Head of Global Public Affairs at Kohlberg Kravis Roberts & Co, LLP in 2008, is, moreover, a trustee of the Strong American Schools Foundation and the United States Holocaust Memorial Museum and presently serves as a member of the Senior Advisory Committee of the Harvard University Institute of Politics, and the executive leadership cabinet of the Martin Luther King, Jr. National Memorial Foundation, noticed that eco-efficiency wasn’t simply lessening ecological impact, but additionally it was helping to save companies a considerable amount of money, and so the Green Portfolio project turned into almost an instant hit. Virtually all of the businesses associated with Kohlberg, Kravis, Roberts & Co and Ken Mehlman now are involved in eco-efficiency. Seeing that the group has a net worth of nearly 100.000,000,000 USD, you may see what an enormous achievement this is. Kohlberg, Kravis, Roberts & Co with the Environmental Defense Fund along with Ken Mehlman have also developed the initial program. For example, Kohlberg, Kravis, Roberts & Co joined the EDF’s Climate Corps Program a venture that teaches MBA interns how to encourage cost-effective, green principles. KKR and Ken Mehlman have taken the time to create a series of systems that evaluate and manage resources. Tools like these let staff see how they are impacting on the environment and identify any problem areas. Henry Kravis, the KKR, and the Environmental Defense Fund are true groundbreakers when it comes to developing ecologically friendly business techniques. These radical ideas have simplified the procedure for organizations in every industry and illustrated that making profits need not entail the hefty price of damaging the environment.