Business and Ecology – Kohlberg, Kravis, Roberts & Co. And the Environmental Defense Fund October 20, 2009
Posted in : Web Of Social Bookmarking , trackbackKohlberg, Kravis, Roberts & Co (KKR) was founded by Henry Kravis and George Roberts in the mid-seventies with the assistance of the First Chicago Corporation. Lately hoping to make their acquisitions greener, KKR have founded a unique green project that has totally transformed the way businesses and environmental activists work together, in a big way. Environmentally friendly business practice became more generally accepted a year ago when KKR’s Henry Kravis and the independent Environmental Defense Fund (EDF) got together. This coalition intended to help resolve a number of important matters damaging the ecology of the planet, for instance hazardous chemical use, climate change, exaggerated water consumption, and soil contamination. In order to attain this, they deploy eco-efficiency which involves down-to-earth techniques such as recycling programs, maximum use of renewable resources, and reducing the dispersion of toxic chemicals. Effective though it was the KKR and EDF did not grasp the full advantages of the project until the head of the project and global public affairs, Ken Mehlman, reviewed the program after a full year in operation. Ken found that using eco-efficiency wasn’t solely cutting impact on the planet, but it was also helping to save businesses a great deal of money, and therefore the program turned into virtually an instant success. Virtually all of the business organizations held by KKR and Ken Mehlman today are actively participating in eco-efficiency techniques. When you look at the fact that this group of companies is worth almost $100,000,000,000 dollars, you can see what an enormous feat this is.
The initial project has grown far beyond its initial remit and currently encompasses new initiatives. The Climate Corps Program set up by the EDF is an example of this, it advances ecologically friendly techniques to MBA interns.
KKR and Ken Mehlman have made the effort to create a variety of systems that oversee resources. This type of information is important as businesses may easily examine their everyday operations and discover how any problems may be solved while at the same time permitting them to discover how much they have advanced.
Henry Kravis, the KKC, and the Environmental Defense Fund have encouraged all sorts of businesses to go green. In summary, the work of these organizations has made ecologically friendly business practice not only viable, but commercially desirable, and their revolutionary ideas are setting a new standard in the business world of today.
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