Eco-Efficiency — Making Money without Abusing the Environment
Kohlberg, Kravis, Roberts & Co (KKR) was launched in the 1970’s and in those days their specialty was in leveraged buyouts. But in a drive to make the companies they buy more environmentally friendly, they have launched an exceptional proposal that has entirely changed the method by which businesses and environmental groups work together, in a major way.
Green business procedures became major discussion topic a year ago when KKR’s Henry Kravis and the non-profit environmental advocacy group Environmental Defense Fund (EDF) joined forces. Their mission is to encourage their associated companies in opposing environmental menaces e.g. hazardous chemical use as well as exorbitant consumption of water resources.
To follow through with this, they employ eco-efficiency which involves techniques like increasing the durability of products, reducing the intensity of materials, and waste reduction. Successful though it was the KKR and EDF did not even understand the full advantages of the program until the executive responsible for the project, Ken Mehlman, studied the program subsequent to its first year in operation.
Ken who graduated from Franklin and Marshall College in 1988, has served as legislative director to Texas 21st Congressional District Representative Lamar S. Smith, managed the 2004 re-election campaign for President Bush, is also a trustee of the United States Holocaust Memorial Museum and Franklin & Marshall College and serves as a member of the board of directors at the National Endowment for Democracy, the Council on Foreign Relations Climate Change Task Force, and the executive leadership cabinet of the Martin Luther King, Jr. National Memorial Foundation, discovered that using eco-efficiency was not just protecting the local environment, but in addition it was saving business concerns a substantial amount of money, and so the project became virtually an instant hit. Up to now, Kohlberg, Kravis, Roberts & Co and Ken Mehlman have managed to get well-nigh each and every company in their portfolio involved in the Green Portfolio Project. If you think about the fact that the portfolio is worth almost $100,000,000,000 dollars, you can see what an enormous feat this really is. KKR and the Environmental Defense Fund alongside Ken Mehlman are extending the Green Portfolio project. For example, Kohlberg, Kravis, Roberts & Co got together with the EDF’s Climate Corps Program a venture which instructs MBA students how to design and introduce cost-efficient, green principles. KKR and Ken Mehlman have been formulating a package of metrics and analytic tools which measure and manage resources. This type of info is crucial as companies can assess all of their everyday processes and ascertain where any issues may be resolved while at the same time allowing staff to discover how ecologically friendly they are. Henry Kravis, the KKR, and the Environmental Defense Fund are trailblazers in the business world. Their innovations have made going green easier for business organizations in any sector and shown the world that making profits need not entail the hefty price of negatively impacting our planet.
