Most people are aware of the green revolution as it relates to consumers — the rise of new environmentally-friendly products and services that have a direct benefit on people’s lives. The green business revolution can be seen as an extension of the original consumer green revolution, but there area few key differences. Indeed, the green business revolution is centered more on getting businesses to use more environmentally friendly practices, as well as to align with other businesses that are working one environmentally-friendly processes.

The world of private equity has been experiencing changes that are a direct effect of the green revolution, and one of the companies that will be leading the way within the world of private equity is KKR, a firm based in New York.

Ken Mehlman, a Senior Advisor in Global Public Affairs, will be part of the team that will be leading KKR through the green revolution. The company has just announced that they have pulled more companies into working within their Green Portfolio Program, a plan to help companies save money by becoming increasingly environmentally-conscious.

The program started out small in order to test the case for environmental management, but the company was pleased to find that the results were fairly positive. In 2008, the three initial companies of the Green Portfolio Program managed to find ways to save nearly 18 million dollars simply by reducing waste and usage.

Ken Mehlman, as a member of the Global Public Affairs department, will have a hand in highlighting the best aspects of the Green Portfolio Program, while finding other companies that will be able to benefit from the program as well. There is a slight amount of acquisitions inherent in Ken Mehlman’s position, as spreading publicity about the project will bring other companies forward.

Overall, can Ken Mehlman assist KKR further in the growing green business revolution? Looking at the success of the program so far, it’s definitely looking like Ken Mehlman will have no trouble handling the task of expanding the Green Portfolio program.

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