Astounding Words

Kohlberg, Kravis, Roberts & Co (KKR) was established in 1976 and back then their specialization was in ‘bootstrap’ buyouts. But hoping to make the businesses they take over have less environmental impact, KKR have set in motion a unique enterprise that has dramatically transformed the way businesses and environmental activists work.

Environmentally friendly business practice became a hot topic a year ago when Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the independent Environmental Defense Fund (EDF) merged. This alliance intended to fight challenging environmental matters, such as resource depletion, water pollution, intemperate water consumption, and hazardous emissions.

Eco-efficiency (the term was first promoted by the World Business Council for Sustainable Development WBCSD) is the routine applied to achieve these targets, by employing green policies like fuel economy, optimizing data centers for efficiency and improving fuel economy through vehicle fleet maintenance. Although the project was an enormous success, staff just did not understand how extensive the effects were until Ken Mehlman, the person in charge of the project, studied the first year’s figures.

Ken Mehlman found out that eco-efficiency wasn’t just helping the environment, but it was also saving business concerns a great deal of money. These days, KKR and Ken Mehlman have virtually every associated organization participating in eco-efficiency principles. When you look at the fact that this portfolio of business concerns has a net worth of 86,000,000,000 dollars, you can see what an accomplishment this actually was. The initial Green Portfolio project now includes new and innovative initiatives. To illustrate, KKR linked up with the Environmental Defense Fund’s Climate Corps Program an organization that instructs interns studying for an MBA how to formulate and introduce cost efficient, green practices. What is more, Ken Mehlman has been in close collaboration with KKR to formulate a package of metrics which firms can utilize to evaluate and oversee resources. This type of info is critical as businesses can assess their day to day activities and discover where any issues can be resolved while at the same time letting staff to find out how far they have progressed. Henry Kravis, the KKC, and the Environmental Defense Fund have made decreasing their ecological impact more attractive for companies large and small. So, to summarize, these systems have made ecologically friendly business practice not only viable, but commercially desirable, and their radical ideas are setting a new standard in today’s community.

This entry was posted on Friday, December 25th, 2009 at 7:46 am and is filed under Baker's Dozen, Business Performance. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.