Going Green: with Ken Mehlman of Kohlberg, Kravis, Roberts & Co. Making it More Painless for Us All
Kohlberg, Kravis, Roberts & Co (KKR) was founded by Henry Kravis and his business partner George Roberts in the 1970’s with the help of the First Chicago Corporation. Recently they have set up a remarkable project that concentrates not just on maximum profit margins, but in addition on the ecological impact of the companies they control.
When Henry Kravis from KKR and the Environmental Defense Fund (EDF) got together just a year ago green issues in the business world became a hot topic. They was forged to fight many crucial issues damaging the ecology of the earth, including hazardous chemical use, water pollution, ecologically unsustainable water consumption, and hazardous waste. To implement these goals, they employ eco-efficiency; this uses techniques like waste reduction, reducing the intensity of materials, and optimizing data centers for efficiency. The project was successful, nevertheless the management didn’t see the range of the program’s benefits until the head of the Green Portfolio Project and global public affairs, Ken Mehlman, reviewed the program when it had been functioning for a year. Ken Mehlman noticed that the Green Portfolio Project was not simply lessening environmental impact, but additionally it was helping to save business concerns a great deal of money. Virtually all of the firms held by Kohlberg, Kravis, Roberts & Co and Ken Mehlman at present actively participate in the Green Portfolio Project. However, with a 2009 portfolio with an estimated worth of $86,000,000,000, you may be certain this was not an easy achievement. KKR with the Environmental Defense Fund along with Ken Mehlman have also extended the original project. The Climate Corps Program founded by the Environmental Defense Fund is one of these, it promotes eco-efficient business principles to MBA interns.
Furthermore, Ken Mehlman has been in close collaboration with Kohlberg, Kravis, Roberts & Co to produce a package of systems that companies can employ to evaluate and manage resources. This type of data is important as businesses may without very much effort evaluate all of their everyday activities and find out precisely how they can improve while at the same time letting staff to see their environmental impact. Henry Kravis, the KKR, and the Environmental Defense Fund really are pioneers in the business community. These developments have made going green less problematic for companies in every sector and established that making profits need not entail the hefty price of damaging the environment.
