Ken Mehlman of Kohlberg, Kravis, Roberts & Co. And the Environmental Defense Fund – Mavericks in Business and Protecting the Planet
Kohlberg, Kravis, Roberts & Co (KKR) was launched in 1976 and back then their specialization was in ‘bootstrap’ buyouts. But recently they have launched an exceptional green enterprise which focuses not just on profitability, but likewise on how environmentally friendly each of the enterprises in their portfolio currently are.
Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the non-profit Environmental Defense Fund (EDF) joined forces in 2008, hoping to make environmentally friendly business practice an accepted concept. Their mission is to offer encouragement to firms in fighting against environmental menaces like depletion of the ozone layer not to forget imprudent water consumption. In order to implement this, they employ a routine called eco-efficiency which makes use of concepts like waste reduction, increasing the durability of products, and fuel economy. Irrespective of the fact that the project was a tremendous success, people just did not realize how far reaching the effects were until Ken Mehlman, the man in charge of the project, finished the first annual review.
Ken who received his J.D. from Harvard Law School in 1991, has served as legislative director to Texas 21st Congressional District Representative Lamar S. Smith, was the appointed Chairman of the Republican National Committee from 2005 to 2007, is a trustee of Franklin & Marshall College and the United States Holocaust Memorial Museum and serves as a member of the Council on Foreign Relations Climate Change Task Force, the Senior Advisory Committee of the Harvard University Institute of Politics, and the board of directors at the National Endowment for Democracy, found that eco-efficiency was not merely helping to maintain the local environment, but in addition it was helping to save companies a great deal of money, and consequently the Green Portfolio project was almost an instant success. Almost all of the commercial concerns owned by KKR and Ken Mehlman today are participating in eco-efficiency. When you consider that the group has a net worth of 86 billion dollars, you may be sure this was no easy feat. Kohlberg, Kravis, Roberts & Co with the EDF alongside Ken Mehlman are further extending the initial program. To illustrate, Kohlberg, Kravis, Roberts & Co linked up with the EDF’s Climate Corps Program which instructs students taking a Master’s degree in Business Administration how to develop and initiate cost-efficient, earth friendly practices. KKR and Ken Mehlman have made the effort to create products which quantify and administer resources. With this information available, businesses can measure their day-to-day activities and discover precisely how they can resolve any issues while at the same time seeing their progress. Henry Kravis, the KKR, and the Environmental Defense Fund are genuine pioneers in the world of green business. These innovative ideas have simplified the procedure for organizations in every industry and illustrated that running a profitable business need not entail the hefty price of damaging the environment.
