The Evolution of Green Business
Kohlberg, Kravis, Roberts & Co (KKR) was established in the mid-seventies and orginally their specialization was in ‘bootstrap’ buyouts. Moving further, hoping to make their acquisitions more ecologically friendly, they have founded a unique green enterprise which has dramatically changed the method by which businesses and environmental agencies work. Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the New York based Environmental Defense Fund (EDF) joined forces a year ago, intending to make environmentally friendly business practices a mainstream principle. Serious green matters like climate change and unreasonable water consumption are an all-important part of their corporate mission.
In order to attain these goals, they deploy a method termed eco-efficiency which makes use of techniques like reducing the waste of resources, waste reduction, and improving fuel economy through vehicle fleet maintenance. Successful though it was the management did not even realize the full advantages of the program until the person in charge of the project, Ken Mehlman, evaluated the project when it had been functioning for its first full year. Much to everyone’s surprise, Ken discovered that this program not only lessened environmental impact, but was also increasing the profitability of every company besides. Virtually all of the companies affiliated to Kohlberg, Kravis, Roberts & Co and Ken Mehlman now use eco-efficiency. All The Same, when you consider that the group has a current portfolio estimated at eighty-six billion USD, you may be sure that this was no easy see what an enormous feat this is.
The Green Portfolio project has developed beyond its initial remit and these days includes new opportunities. The Climate Corps Program administered by the Environmental Defense Fund is one of these ventures, it promotes eco-efficient business techniques to students taking a Master’s in Business Administration. KKR and Ken Mehlman have made the effort to develop analytical tools which oversee resources. This type of info is invaluable as any business can assess their day-to-day operations and identify exactly how any problems may be solved while at the same time permitting staff to find out their impact on the planet.
Henry Kravis, the KKR, and the Environmental Defense Fund are genuine pioneers in the world of green business. These developments have simplified the process for firms in every sector and proved that running a profitable business need not entail the hefty price of negatively impacting our planet.