Eco-Efficiency — How Every Business Can Help Protect Our Environment and Even Increase Profits
Kohlberg, Kravis, Roberts & Co (KKR) was set up in the 1970’s and orginally their specialization was in highly leveraged transactions. Pushing further, in the pursuit of making their acquisitions more environmentally aware and more profitable in the same stride, they have rolled out a novel green project that has totally changed the method by which businesses and environmental groups carry on their day-to-day business.
Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the non-profit Environmental Defense Fund (EDF) merged last year, hoping to make green business practices a commonplace concept. This coalition intended to fight crucial environmental matters, including soil contamination, climate change, overblown water consumption, and hazardous emissions. Eco-efficiency (the phrase was originally advertised by the WBCSD) is the methodology deployed to achieve these targets, through applying techniques like maximum use of renewable resources, waste reduction and fuel economy. Regardless of the fact that the program was a tremendous success, no-one understood how fantastic the results were until Ken Mehlman, the head of the Green Portfolio Project and global public affairs, examined the first year’s profits. Much to everybody’s surprise, Ken saw that the Green Portfolio Project not only increased environmental responsibility, but also increased the profitability of each and every business organization too. Well-nigh all of the businesses held by Kohlberg, Kravis, Roberts & Co and Ken Mehlman now utilize eco-efficiency. If you think about the fact that this portfolio of business organizations has a value of $86 billion, you can see what an enormous achievement this really was.
Kohlberg, Kravis, Roberts & Co and the EDF with the assistance of Ken Mehlman are further extending the original program. The Climate Corps Program established by the Environmental Defense Fund is an example of this, it advances cost efficient, earth friendly techniques to MBA interns.
KKR and Ken Mehlman have made the effort to develop a variety of systems that can quantify and oversee resources. This type of data is important as any sort of business may without very much effort assess their everyday processes and discover how they can resolve any issues while at the same time tracking their progress. Henry Kravis, the KKC, and the Environmental Defense Fund have encouraged all sorts of businesses to become more environmentally friendly. Their radical ideas have made going green less problematic for business organizations in any industry and proved that making profits need not entail the hefty price of damaging the environment.