Eco-Efficiency - Saving Money and Ecology

In the beginning, when Henry Kravis and George Roberts set up Kohlberg, Kravis, Roberts & Co (KKR) in the mid-seventies with support from the First Chicago Corporation, their specialty was in leveraged buyouts. However, in the pursuit of making their acquisitions greener and more profitable in the same stride, they have rolled out an unusual green proposal that has dramatically changed the way businesses and environmental agencies operate.

KKR’s Henry Kravis and the non-profit environmental advocacy group Environmental Defense Fund (EDF) got together in 2008, intending to make environmentally aware business practices an acknowledged concept. Issues like resource depletion and outrageous water consumption are a priority in their company mission statement. To follow through with these goals, they utilize eco-efficiency which involves down-to-earth techniques such as reducing the waste of resources, fuel economy, and waste reduction. Regardless of the fact that the program was a colossal success, no-one realized how fantastic the effects were until Ken Mehlman, the executive in charge of the project, carried out the first annual review. Topping everybody’s expectations, Ken found that practicing eco-efficiency not only raised environmental responsibility, but was increasing the profits from every business organization as well. Currently, KKR and Ken Mehlman have succeeded in getting virtually all of their companies actively engaged in eco-efficiency. Considering that the total portfolio is worth nearly 100.000,000,000 USD, you can be sure this was not a simple feat. The Green Portfolio project is expanding to encompass new and innovative enterprises. To illustrate, KKR joined the EDF’s Climate Corps Program that teaches students taking an MBA how to design and initiate cost efficient, green techniques.

KKR and Ken Mehlman have made the effort to create a package of metrics and analytical tools that manipulate various resources. Programs such as these permit a company see how they are impacting on the environment and discover any problem areas.

Today’s business world has been totally changed by the pioneering efforts of Henry Kravis, the KKC, and the Environmental Defense Fund. So, in conclusion, the work of these organizations has made green business practice not only viable, but commercially desirable, and their novel ideas are setting a new standard in today’s world.