What You Should Know about Henry Kravis of Eco-Efficiency
Saturday, March 6th, 2010Originally, when Henry Kravis and his business partner George Roberts launched Kohlberg, Kravis, Roberts & Co (KKR) in 1976 with some help from the First Chicago Corporation, the company’s focus was in leveraged buyouts. Lately, however, aiming to make their portfolio companies and acquisitions greener and more profitable as well, KKR have established a novel project that has dramatically transformed the method by which business concerns and environmental groups carry on their day-to-day business. KKR’s Henry Kravis and the non-profit environmental advocacy group Environmental Defense Fund (EDF) got together a year ago, with the intention of making environmentally sound business practice an accepted principle. Their objectives include encouraging firms in fighting against practices which may threaten the environment such as toxic chemicals not to forget unmitigated consumption of water resources. Eco-efficiency (the phrase was first introduced by the World Business Council for Sustainable Development WBCSD) comprises their mission’s framework, through applying green techniques such as reducing the dispersion of toxic chemicals, increasing the durability of products and reducing the waste of resources. The program was a stunning success, but the firms who were involved didn’t understand the full project’s advantages until the head of the project and global public affairs, Ken Mehlman, evaluated the program when it had been functioning for a year.
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Only then did Ken learn that practicing eco-efficiency wasn’t just cutting impact on the planet, but in addition it was helping to save business concerns a great deal of money. Almost all of the commercial organizations owned by Kohlberg, Kravis, Roberts & Co and Ken Mehlman at present apply eco-efficiency. When you consider that this group of business concerns has a net worth of 86,000,000,000 dollars, you can imagine what an accomplishment this actually is.
KKR and the EDF along with Ken Mehlman are expanding the original program. For instance, Kohlberg, Kravis, Roberts & Co linked up with the Environmental Defense Fund’s Climate Corps Program a venture that instructs MBA students how to formulate and initiate financially astute, planet friendly techniques. What is more, Ken Mehlman has been cooperating closely with Kohlberg, Kravis, Roberts & Co to develop a series of analytic tools which firms can employ to quantify and administer resources. This type of info is crucial as businesses may without a lot of effort measure all of their everyday operations and identify where they can solve any problems while at the same time tracking their progress. Henry Kravis, the KKC, and the Environmental Defense Fund have made decreasing their environmental impact simpler for business organizations all over the world. Their developments have simplified the procedure for businesses in any sector and proved that making profits need not entail the hefty price of damaging the environment.