Eco-Efficiency: How Every Business Can Go Green and Increase Profits
Initially, when Henry Kravis and George Roberts set up Kohlberg, Kravis, Roberts & Co (KKR) in the mid 70’s with support from the First Chicago Corporation, their focus was in bootstrap buyouts. More recently in the pursuit of making their acquisitions greener, they have set up an innovative green proposal that has completely changed the way business concerns and environmental activists carry on their everyday business. When Henry Kravis from KKR and the non-profit environmental advocacy group Environmental Defense Fund (EDF) joined forces in 2008 environmental matters went mainstream. Their mission is to offer encouragement to businesses in opposing operations which may harm the environment like global warming and ecologically unsustainable consumption of water resources.
Eco-efficiency (a term initially promoted by the World Business Council for Sustainable Development WBCSD) provides the framework for their mission, by using green policies like improving fuel economy through vehicle fleet maintenance, reducing the dispersion of toxic chemicals and increasing the durability of products. Regardless of the fact that the program was an enormous success, people simply did not realize how important the results truly were until Ken Mehlman, the head of the Green Portfolio Project and global public affairs, analyzed the profits for the first year.
Outdoing everybody’s expectations, Ken learned that eco-efficiency not only cut down on environmental impact, but also increased the profitability of all their businesses besides. Almost all of the companies owned by KKR and Ken Mehlman at present are actively taking part in eco-efficiency principles. All The Same, when you consider that the group has a current portfolio valued at eighty-six billion dollars, you can be sure this was no easy feat. The original Green Portfolio project has now expanded to include new and innovative enterprises. The Climate Corps Program administrated by the EDF is a good example of this, it heightens awareness of eco-efficient business techniques to interns taking an MBA. KKR and Ken Mehlman have been creating a variety of metrics and analytical tools which quantify and manipulate resources. These products let a company to assess their progress and discover any underlying issues. Henry Kravis, the KKR, and the Environmental Defense Fund are genuine groundbreakers when it comes ecologically sound business techniques. In conclusion, the work of these organizations has made green business practice not only viable, but commercially desirable, and their novel ideas are setting a new standard in the business world of today.
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