Eco-Efficiency - Saving Money and Ecology
When Henry Kravis and his business partner George Roberts established Kohlberg, Kravis, Roberts & Co (KKR) in the mid seventies with the support of the First Chicago Corporation, the company’s specialization was in highly leveraged transactions. However, in a drive to make the businesses in their portfolio have less of an ecological impact, KKR have founded an extraordinary proposal which has completely changed the method by which businesses and environmental activists work.
Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the New York based Environmental Defense Fund (EDF) got together in 2008, with the intention of making environmentally aware business practice an acknowledged principle. Their objectives include encouraging their affiliated businesses in avoiding environmental threats like toxic chemicals as well as any outrageous water consumption. In order to implement this, they employ a formula known as eco-efficiency; this makes use of concepts such as using clean energy, improving fuel economy through vehicle fleet maintenance, and optimizing data centers for efficiency. Simple and effective, but the KKR and EDF didn’t even understand the range of the benefits of the project until Ken Mehlman, the person in charge of the Green Portfolio Project, reviewed the program when it had been operating for a year.
Topping everybody’s expectations, Ken saw that the project not only increased environmental responsibility, but was increasing the profits from every business organization as well. At the time of writing, KKR and Ken Mehlman have managed to get almost every associated business taking part in the project. Seeing that the whole portfolio is valued at virtually $100 billion dollars, you can imagine what an enormous achievement this really was.
Kohlberg, Kravis, Roberts & Co with the EDF in association with Ken Mehlman are further developing the initial Green Portfolio project. The Climate Corps Program administrated 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 manipulate resources. These products can measure a company’s progress and discover any problem areas.
Henry Kravis, the KKR, and the Environmental Defense Fund are true groundbreakers when it comes environmentally friendly business development. So, in conclusion, these systems have made environmentally friendly business techniques not only viable, but commercially desirable, and their revolutionary ideas are setting a new standard in the competitive business world of today.
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