Eco-Efficiency: Making a Profit without Damaging the Planet
Kohlberg, Kravis, Roberts & Co (KKR) was launched by Henry Kravis and his business partner George Roberts in the 70’s with the assistance of the First Chicago Corporation. However, in a drive to make the companies they take over more environmentally aware, KKR have launched an extraordinary project which has totally transformed the method by which business concerns and environmental groups work. When Henry Kravis from KKR and the independent Environmental Defense Fund (EDF) got together a year ago environmental issues went mainstream. The coalition intends to campaign against all important issues damaging the environment, which include climate change, global warming, unrestricted water consumption, and hazardous chemical use.
To achieve these goals, they apply eco-efficiency which uses concepts like reducing the intensity of materials, improving fuel economy through vehicle fleet maintenance, and reducing the dispersion of toxic chemicals. Simple and effective, even so the companies involved didn’t even understand the entirety of the program’s benefits until the head of the project and global public affairs, Ken Mehlman, studied the project after its first year in operation. As if to better everyone’s expectations, Ken saw that this program not only enhanced environmental awareness, but also increased the the profit from all their business concerns too. Well-nigh all of the firms affiliated to Kohlberg, Kravis, Roberts & Co and Ken Mehlman now are involved in eco-efficiency. Seeing that this portfolio of businesses has a value of virtually one hundred billion USD, you can be certain this wasn’t an easy feat.
Kohlberg, Kravis, Roberts & Co with the EDF in association with Ken Mehlman have also extended the original program. The Climate Corps Program administered by the Environmental Defense Fund is just one of these, it campaigns for eco-efficient principles to interns studying for a Master’s in Business Administration. What is more, Ken Mehlman has been in close collaboration with Kohlberg, Kravis, Roberts & Co to formulate a variety of analytical tools that firms can utilize to quantify and oversee a number of resources. Systems like these can track a company’s environmental impact and identify any underlying problems.
Henry Kravis, the KKC, and the Environmental Defense Fund have encouraged all sorts of businesses to cut down their ecological impact. In summary, the work of these organizations has made green business techniques not only viable, but commercially desirable, and their novel ideas are setting a new standard in today’s world.
