Eco-Efficiency — How Businesses Can Go Green and Still save Money
In the beginning, when Henry Kravis and his business partner George Roberts established Kohlberg, Kravis, Roberts & Co (KKR) in the seventies with the assistance of the First Chicago Corporation, their specialization was in bootstrap buyouts. Moving on, in the pursuit of making their portfolio companies and acquisitions more ecologically friendly and more profitable in the same stride, they have launched a novel enterprise that has entirely transformed the method by which businesses and environmental agencies function. Green business processes became major topic of dicussion a year ago when KKR’s Henry Kravis and the the Environmental Defense Fund (EDF) got together. They intends to oppose primary issues affecting the environment, for example hazardous chemical use, deforestation, unbounded water consumption, and toxic waste.
Eco-efficiency (the phrase was initially submitted by the World Business Council for Sustainable Development) mandates the framework for their mission, through utilizing policies such as reducing the intensity of materials, optimizing data centers for efficiency and increasing the durability of products. Although the project was an enormous success, people just did not recognize how far reaching the results actually were until Ken Mehlman, the man in charge of the project, examined the first year’s profits. Ken found that applying eco-efficiency wasn’t solely preserving the local environment, but it was also saving a diverse range of businesses a large sum of money, and consequently the program was almost an instant success. Just about all of the companies affiliated to KKR and Ken Mehlman today utilize eco-efficiency. Still, with a current business portfolio worth $86 billion, you can be certain that this wasn’t a simple accomplishment.
Kohlberg, Kravis, Roberts & Co with the EDF with the assistance of Ken Mehlman are expanding the original Green Portfolio project. The Climate Corps Program set up by the EDF is a good illustration of this, it advances cost-efficient, green practices to interns studying for a Master’s in Business Administration.
KKR and Ken Mehlman have been developing a variety of analytical tools that will be able to administer various resources. These tools can track a company’s progress and discover any problem areas. Today’s business community has been altered permanently by the efforts of these people. Their developments have set a high standard for businesses in any sector and established that running a profitable business need not entail the hefty price of damaging the environment.
