Kohlberg, Kravis, Roberts & Co (KKR) was launched in the mid-seventies and orginally the company’s focus was in ‘bootstrap’ buyouts. However, hoping to make the companies they acquire greener, they have set up a unique green proposal which has dramatically transformed the way business concerns and environmental agencies work. When Henry Kravis from KKR and the Environmental Defense Fund (EDF) got together last year environmental matters in the business community became major discussion topic. Their company mission is to encourage their associated companies in avoiding environmental threats e.g. hazardous waste as well as any lavish water consumption.
Eco-efficiency (a phrase initially coined by the World Business Council for Sustainable Development WBCSD) is the technique leveraged to achieve these goals, applying policies such as fuel economy, reducing the dispersion of toxic chemicals and waste reduction. Impressive though it was the companies who were involved didn’t even realize the scope of the advantages of the program until Ken Mehlman, the head of the project and global public affairs, reviewed the numbers from the program after a full year in operation.
Only at that point did Ken Mehlman find out that eco-efficiency wasn’t simply helping to preserve the environment, but it was also saving business concerns a great deal of money, making the program virtually an instant success. These days, Kohlberg, Kravis, Roberts & Co and Ken Mehlman have almost every associated company actively taking part in the program. If you consider that this group of business organizations is valued at almost $100 billion USD, you may see what a tremendous accomplishment this really is. The initial project now encompasses new opportunities. For instance, Kohlberg, Kravis, Roberts & Co got together with the Environmental Defense Fund’s Climate Corps Program a venture that teaches interns taking a Master’s degree in Business Administration how to put together and initiate financially sound, green practices.
Moreover, Ken Mehlman has been cooperating closely with Kohlberg, Kravis, Roberts & Co to formulate metrics and analytical tools which firms can employ to quantify and manage resources. This type of info is critical as businesses may easily measure their day-to-day activities and ascertain how they can resolve any issues while at the same time allowing staff to discover their impact on the planet.
Henry Kravis, the KKC, and the Environmental Defense Fund have encouraged all sorts of businesses to become more ecologically friendly. So, in conclusion, the work of these organizations has made environmentally friendly business techniques not only viable, but commercially desirable, and their radical ideas are setting a new standard in today’s world.
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