Eco-Efficiency: Saving Money and the Ecology
Kohlberg, Kravis, Roberts & Co (KKR) was established by Henry Kravis and his business partner George Roberts in the mid-seventies with some assistance from the First Chicago Corporation. Pushing beyond, aiming to make their acquisitions greener, they have established an exceptional proposal that has entirely changed the method by which business concerns and environmental activists operate.
When Henry Kravis from KKR and the non-profit Environmental Defense Fund (EDF) joined forces in 2008 environmental matters all of a sudden became a mainstream concern. They was forged to tackle many fundamental issues impeding the environment, including toxic chemicals, soil contamination, lavish consumption of water resources, and toxic waste.
To accomplish these goals, they utilize eco-efficiency, this involves concepts such as recycling programs, maximum use of renewable resources, and reducing the dispersion of toxic chemicals. Even though the program was an enormous success, no-one understood how far reaching the consequences truly were until Ken Mehlman, the person responsible for the Green Portfolio Project, carried out the review of the first twelve months. Ken who practiced environmental law for Akin Gump Stauss Hauer & Feld, has served as field director for George W. Bush’s 2000 presidential campaign, managed the 2004 re-election campaign for President Bush and presently serves as a member of the board of directors at the National Endowment for Democracy, and the executive leadership cabinet of the Martin Luther King, Jr. National Memorial Foundation, saw that eco-efficiency was not simply cutting ecological impact, but it was also saving companies a great deal of money, and therefore the program became virtually an instant hit. Virtually all of the firms affiliated to KKR and Ken Mehlman nowadays apply eco-efficiency. And, with a 2009 business portfolio valued at 86,000,000,000 USD, you can be certain that this was not an easy feat. The Green Portfolio project has developed far beyond its primary remit and currently includes new ventures. To illustrate, Kohlberg, Kravis, Roberts & Co got together with the EDF’s Climate Corps Program that teaches MBA students how to promote financially strong, green practices. In recent months, Ken Mehlman has been working closely with KKR to develop a series of products that business organizations can employ to quantify resources. With this information available, companies can measure their day-to-day procedures and identify where they can solve any problems while simultaneously allowing staff to find out their environmental impact.
The business community has been changed by the ground breaking work of Henry Kravis, the KKC, and the Environmental Defense Fund. Their innovations have made going green simpler for organizations in any sector and established that making profits need not entail the hefty price of negatively impacting our planet.
