All You Need to Know Concerning Ken Mehlman of Eco-Efficiency
Originally, when Henry Kravis and George Roberts set up Kohlberg, Kravis, Roberts & Co (KKR) in the seventies with help from the First Chicago Corporation, the company’s specialty was in highly leveraged transactions. Moving beyond, in a drive to make their portfolio of companies more environmentally aware, KKR have set in motion an innovative proposal which has fundamentally changed the way businesses and environmental agencies carry on their day-to-day business. When Henry Kravis from KKR and the Environmental Defense Fund (EDF) merged a year ago environmental matters in the business community became major topic of dicussion. Significant green matters like hazardous chemicals and unmitigated consumption of water resources are a priority in their corporate mission. In order to achieve these goals, they apply a formula termed eco-efficiency which uses concepts such as reducing the waste of resources, improving fuel economy through vehicle fleet maintenance, and using clean energy. Although the project was a tremendous success, people just did not recognize how incredible the effects really were until Ken Mehlman, the head of the program and global public affairs, finished the first annual review.
Exceeding everyone’s expectations, Ken saw that eco-efficiency not only helped in preserving the environment, but was increasing the the net profit from each and every company too. At the time of writing, Kohlberg, Kravis, Roberts & Co and Ken Mehlman have succeeded in getting almost every business in their portfolio involved in eco-efficiency. Still, with a current business portfolio worth $86,000,000,000, you may be sure that this was no easy see what an enormous achievement this is.
The original Green Portfolio project has developed beyond its initial remit and today encompasses new ventures. To illustrate, KKR joined the Environmental Defense Fund’s Climate Corps Program which teaches students studying for a Master’s in Business Administration how to promote cost-effective, planet friendly practices. KKR and Ken Mehlman have taken the time to create a variety of metrics which quantify and oversee various resources. These systems permit staff see how green they are and discover any practices that might need to be re-evaluated. Henry Kravis, the KKR, and the Environmental Defense Fund are true groundbreakers in the business community. These innovations have set a benchmark for businesses in every sector and proved to the world that making profits need not entail the hefty price of damaging the environment.
