Ken Mehlman of Kohlberg, Kravis, Roberts & Co. And the Environmental Defense Fund — Pacesetters in Green Business
Kohlberg, Kravis, Roberts & Co (KKR) was set up by Henry Kravis and his business partner George Roberts in the 70’s with the assistance of the First Chicago Corporation. However, they have assembled an unusual green project which concentrates not simply on optimized profit margins, but additionally on the environmental impact of the companies they invest in.
Green business procedures went mainstream a year ago when Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the New York based Environmental Defense Fund (EDF) joined forces. Issues like toxic emissions and inflated water consumption rank high on their list of goals. Eco-efficiency (the phrase was originally propagated by the World Business Council for Sustainable Development) informs their mission’s framework, using policies like using clean energy, recycling programs and improving fuel economy through vehicle fleet maintenance. Irrespective of the fact that the program was a huge success, no-one understood how extensive the consequences were until Ken Mehlman, the executive responsible for the project, carried out the review of the first twelve months. Ken found that eco-efficiency wasn’t solely helping to save the local environment, but it was also helping to save businesses a significant amount of money. Nearly all of the companies affiliated to Kohlberg, Kravis, Roberts & Co and Ken Mehlman today participate in the Green Portfolio Project. Still, when you consider that the group has a current business portfolio estimated at $86 billion, you may be certain this was not an easy see what an enormous accomplishment this is. The original program has grown beyond its primary purpose and currently includes new opportunities. The Climate Corps Program established by the EDF is an example of this, it advances eco-efficient business techniques to MBA interns.
KKR and Ken Mehlman have been developing metrics and analytic tools which administer resources. With this information available, companies may easily measure their day-to-day activities and identify precisely how they can solve any problems while at the same time letting staff to find out how environmentally friendly they are becoming.
Henry Kravis, the KKC, and the Environmental Defense Fund have made reducing their environmental impact less painful for businesses large and small. Their visionary ideas have set a high standard for businesses in every industry and illustrated that running a profitable business need not entail the hefty price of negatively impacting our planet.

