What You Should Know regarding Eco-Efficiency
Kohlberg, Kravis, Roberts & Co (KKR) was launched by Henry Kravis and his business partner George Roberts in the seventies with some assistance from the First Chicago Corporation. Lately, in a drive to make the companies in their portfolio more environmentally aware and more profitable to boot, they have set up an extraordinary enterprise which has dramatically changed the method by which business concerns and environmental groups function. Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the non-profit environmental advocacy group Environmental Defense Fund (EDF) got together last year, intending to make green business processes an acknowledged concept. The coalition was forged to campaign against a few challenging issues affecting the ecology of the earth, such as hazardous chemical use, deforestation, unmitigated water consumption, and resource depletion.
Eco-efficiency (the phrase was initially endorsed by the World Business Council for Sustainable Development) is the methodology used to achieve these objectives, applying green policies such as fuel economy, reducing the waste of resources and recycling programs. The project was successful, but the KKR and EDF did not even realize the entirety of the benefits of the project until the person responsible for the Green Portfolio Project, Ken Mehlman, reviewed the figures from the program subsequent to a full year in operation. Ken who practiced environmental law for Akin Gump Stauss Hauer & Feld from 1991 to 1996, has served as field director for George W. Bush’s 2000 presidential campaign, was appointed to the U.S. Holocaust Memorial Council in 2007 and presently serves as a member of the board of directors at the National Endowment for Democracy, and the Council on Foreign Relations Climate Change Task Force, saw that the project was not merely cutting ecological impact, but it was also saving business concerns a remarkable amount of money. Nearly all of the business concerns held by Kohlberg, Kravis, Roberts & Co and Ken Mehlman today use eco-efficiency. When you look at the fact that this group of businesses is worth nearly 100.000,000,000 USD, you can see what an enormous achievement this actually is.
Kohlberg, Kravis, Roberts & Co with the Environmental Defense Fund with the help of Ken Mehlman are further extending the original Green Portfolio project. For example, Kohlberg, Kravis, Roberts & Co got together with the EDF’s Climate Corps Program an organization that teaches MBA interns how to introduce cost-effective, earth friendly practices. KKR and Ken Mehlman have taken the time to formulate products that can manipulate resources. This type of information is critical as any business may easily measure their daily processes and discover exactly how they can solve any problems while at the same time letting staff to find out how much they have moved on.
Today’s business world has been changed permanently by the efforts of Henry Kravis, the KKC, and the Environmental Defense Fund. So, in conclusion, the work of these organizations has made green business techniques not only viable, but commercially desirable, and their revolutionary ideas are setting a new standard in the business world of today.