The Evolution of Green Business
Kohlberg, Kravis, Roberts & Co (KKR) was launched by Henry Kravis and his partner George Roberts in the seventies with the support of the First Chicago Corporation. But just last year they have assembled an extraordinary venture that focuses not solely on profitability, but in addition on how environmentally aware each of the firms in their portfolio currently are.
When Henry Kravis from KKR and the Environmental Defense Fund (EDF) joined forces a year ago environmental matters in the business community became a hot topic. Important matters like water pollution and undue consumption of water resources are high on their agenda. In order to accomplish these goals, they employ eco-efficiency; this calls for down-to-earth techniques like improving fuel economy through vehicle fleet maintenance, reducing the waste of resources, and fuel economy. Simple and effective, but the firms who were participating did not even understand the totality of the advantages of the program until the executive in charge of the program, Ken Mehlman, reviewed the program after a full year in operation. Much to everyone’s surprise, Ken saw that applying eco-efficiency not only helped in preserving the environment, but also increased the profits from every last business organization too. To date, Kohlberg, Kravis, Roberts & Co and Ken Mehlman have virtually every associated company taking part in eco-efficiency principles. Nevertheless, with a 2009 business portfolio valued at 86 billion dollars, you may be certain that this wasn’t a simple see what an enormous accomplishment this is. KKR with the Environmental Defense Fund alongside Ken Mehlman are further developing the Green Portfolio project. The Climate Corps Program founded by the Environmental Defense Fund is one of these projects, it advances environmentally friendly business principles to MBA interns.
KKR and Ken Mehlman have made the effort to create a package of products which quantify and manage resources. With this information available, businesses may easily evaluate all of their day to day operations and discover exactly how any problems may be solved while at the same time tracking their progress. Henry Kravis, the KKR, and the Environmental Defense Fund are innovators when it comes environmentally sound business techniques. These innovative concepts have made going green easier for business organizations in every sector and shown the world that running a profitable business need not entail the hefty price of negatively impacting our planet.
