Eco-Efficiency: Saving Money and Ecology
Kohlberg, Kravis, Roberts & Co (KKR) was founded in the mid seventies and to begin with the company’s focus was in highly leveraged transactions. But they have set up a unique green enterprise that focuses not solely on profitability, but in addition on the ecological impact of the companies they purchase. Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the non-profit environmental advocacy group Environmental Defense Fund (EDF) joined forces a year ago, with the intention of making environmentally sound business practices an acknowledged principle. Their corporate mission is to offer encouragement to firms in opposing environmental threats such as resource depletion as well as unrestricted consumption of water resources. Eco-efficiency (a term first pitched by the WBCSD) delineates the framework for their mission, by employing green policies like waste reduction, reducing the waste of resources and increasing the durability of products. Regardless of the fact that the project was a huge success, no-one realized how extensive the consequences truly were until Ken Mehlman, the head of the Green Portfolio Project and global public affairs, examined the numbers for the first year.
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Only then did Ken learn that using eco-efficiency was not only protecting the environment, but in addition it was saving businesses a great deal of money, making the program almost an immediate success. To date, KKR and Ken Mehlman have virtually each and every company in their portfolio actively involved in the project. Seeing that this group of companies is worth almost $100,000,000,000 dollars, you may see what a huge accomplishment this is. The original project has evolved far beyond its initial remit and currently encompasses new opportunities. To illustrate, Kohlberg, Kravis, Roberts & Co linked up with the EDF’s Climate Corps Program that teaches interns taking an MBA how to promote cost efficient, green principles.
KKR and Ken Mehlman have taken the time to create metrics and other relevant systems that have the ability to measure and oversee resources. This type of info is invaluable as companies may easily evaluate each of their everyday activities and find out where they can solve any problems while simultaneously allowing them to find out their impact on the planet. Henry Kravis, the KKR, and the Environmental Defense Fund are genuine pioneers in the business world. Their innovations have made going green simpler for business organizations in any industry and shown that making profits need not entail the hefty price of damaging the environment.
