All You Should Know about Ken Mehlman of Eco-Efficiency
When Henry Kravis and George Roberts founded Kohlberg, Kravis, Roberts & Co (KKR) in the mid 70’s with the support of the First Chicago Corporation, the firm’s specialization was in leveraged buyouts. Recently they have established a unique green proposal which focuses not merely on profitability, but likewise on how ecologically aware each of their companies are. KKR’s Henry Kravis and the non-profit Environmental Defense Fund (EDF) got together a year ago, with the intention of making green business practice a commonplace concept. They wants to help resolve important environmental matters, that include soil contamination, climate change, exaggerated consumption of water resources, and depletion of the ozone layer. Eco-efficiency (a phrase originally advocated by the World Business Council for Sustainable Development WBCSD) is the technique leveraged to achieve these aims, using techniques like waste reduction, recycling programs and improving fuel economy through vehicle fleet maintenance. The Green Portfolio Project was successful, but the management didn’t see the full advantages of the program until the head of the project and global public affairs, Ken Mehlman, studied the program after its first year in operation. Only at that point did Ken Mehlman observe that practicing eco-efficiency was not simply preserving the local environment, but additionally it was saving businesses a great deal of money. Just about all of the business organizations associated with Kohlberg, Kravis, Roberts & Co and Ken Mehlman now practice eco-efficiency. And, with a current business portfolio estimated at 86,000,000,000 dollars, you may be sure this was no easy achievement. The initial project has evolved far beyond its basic remit and these days encompasses new enterprises. To illustrate, Kohlberg, Kravis, Roberts & Co got together with the EDF’s Climate Corps Program that teaches interns studying for an MBA how to formulate and initiate cost-efficient, green techniques.
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Of Late, Ken Mehlman has worked closely with Kohlberg, Kravis, Roberts & Co to produce a package of analytical tools which all sorts of business organizations can employ to quantify resources. Tools like these permit a business organization to track their progress and discover any underlying issues.
The business community has been altered forever by the environmentally focused efforts of Henry Kravis, the KKC, and the Environmental Defense Fund. Their developments have set a high standard for firms in any industry and shown that making profits need not entail the hefty price of negatively impacting our planet.
