Eco-Efficiency – Saving Money and the Environment
Saturday, March 6th, 2010Kohlberg, Kravis, Roberts & Co (KKR) was founded by Henry Kravis and George Roberts in the 1970’s with assistance from the First Chicago Corporation. However, hoping to make the businesses they purchase more environmentally aware and more profitable as well, KKR have set up a novel proposal which has dramatically transformed the method by which business concerns and environmental activists operate.
When Henry Kravis from KKR and the non-profit environmental advocacy group Environmental Defense Fund (EDF) merged last year green issues in the business world became a hot topic. The coalition intends to oppose a number of all important matters impeding the environment, for instance deforestation, water pollution, absurd water consumption, and resource depletion.
In order to achieve these goals, they deploy a procedure dubbed eco-efficiency; this uses concepts like reducing the waste of resources, increasing the durability of products, and improving fuel economy through vehicle fleet maintenance. Although the project was an enormous success, no-one understood how fantastic the results truly were until Ken Mehlman, the man in charge of the Green Portfolio Project, finished the review of the first 12 months.
Only at that point did Ken realize that practicing eco-efficiency was not just helping to protect the environment, but in addition it was saving firms a large sum of money, and so the project was almost an immediate success. Up to now, KKR and Ken Mehlman have well-nigh all of their companies involved in the Green Portfolio Project. If you look at the fact that the group is worth virtually one hundred billion USD, you can see what an enormous achievement this really is. The initial Green Portfolio project has developed beyond its initial purpose and these days encompasses new and groundbreaking initiatives. The Climate Corps Program administrated by the Environmental Defense Fund is just one of these initiatives, it promotes ecologically friendly business techniques to MBA interns.
Lately, Ken Mehlman has been in close collaboration with KKR to create products that firms can utilize to evaluate and manage a number of resources. With this information available, businesses may without very much effort evaluate their everyday activities and identify how they can solve any problems while simultaneously seeing their progress.
Today’s business world has been totally revolutionized by the environmentally focused work of these groups. These developments have set a high standard for businesses in every industry and demonstrated that making profits need not entail the hefty price of negatively impacting our planet.