What You Should Know Concerning Eco-Efficiency
October 16th, 2009
Kohlberg, Kravis, Roberts & Co (KKR) was set up by Henry Kravis and George Roberts in the mid seventies with assistance from the First Chicago Corporation. But they have set up a unique enterprise which centers not just on how lucrative an enterprise is, but additionally on the ecological impact of the companies they control.
Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the the Environmental Defense Fund (EDF) joined forces in 2008, with the intention of making green business practice a widely accepted principle. Their mission is to offer encouragement to firms to oppose operations which may harm the environment e.g. resource depletion not to forget any inordinate water consumption.
Eco-efficiency (the phrase was originally promoted by the World Business Council for Sustainable Development) is the methodology used to achieve these objectives, using techniques such as reducing the intensity of materials, waste reduction and increasing the durability of products. Even though the project was an enormous success, managment just did not realize how extensive the consequences were until Ken Mehlman, the man responsible for the program, finished the review of the first twelve months. Much to everybody’s surprise, Ken saw that the program not only raised environmental awareness, but also increased the profits from every business besides. Virtually all of the businesses connected with Kohlberg, Kravis, Roberts & Co and Ken Mehlman nowadays are engaged in eco-efficiency. Considering that this portfolio of business organizations has a net worth of almost $100 billion dollars, you can see what a tremendous achievement this is.
KKR with the Environmental Defense Fund along with Ken Mehlman have also expanded on the original program. The Climate Corps Program set up by the EDF is one of these projects, it campaigns for eco-efficient business techniques to interns taking a Master’s degree in Business Administration. KKR and Ken Mehlman have been creating a variety of analytic tools which quantify and manage various resources. Programs such as these allow management to track their progress and discover any underlying issues. The business community has been entirely revolutionized by the efforts of these people. Their innovations have simplified the procedure for businesses in every industry and shown the world that making profits need not entail the hefty price of damaging the environment.
