Fri 5 Mar 2010
The Development of Green Business
Posted by admin under School of Social Sites , Beyond CatsComments Off
Kohlberg, Kravis, Roberts & Co (KKR) was set up in the 1970’s and in those days the company’s focus was in highly leveraged transactions. Moving on, in the hope of making the businesses in their portfolio more environmentally friendly, they have founded a groundbreaking green project which has totally transformed the method by which businesses and environmental activists function. Environmentally sound business processes became a hot topic a year ago when KKR’s Henry Kravis and the non-profit environmental advocacy group Environmental Defense Fund (EDF) joined forces. Their mission is to encourage firms to avoid environmental menaces such as air pollution not to forget flagrant consumption of water resources.
Eco-efficiency (the phrase was initially introduced by the World Business Council for Sustainable Development WBCSD) is the technique deployed to achieve these goals, applying ecologically sustainable techniques such as reducing the waste of resources, increasing the durability of products and reducing the dispersion of toxic chemicals. Even though the program was a huge success, staff just didn’t recognize how far reaching the results were until Ken Mehlman, the head of the program and global public affairs, finished the review of the first 12 months.
Ken found out that using eco-efficiency was not solely cutting ecological impact, but it was also saving firms a considerable sum of money, making the program almost an instant hit. Currently, KKR and Ken Mehlman have well-nigh every associated company actively involved in eco-efficiency principles. Still, when you consider that the group has a 2009 business portfolio valued at $86 billion, you can be certain this wasn’t an easy see what a tremendous accomplishment this is. KKR in association with Ken Mehlman are further developing the original project. For instance, Kohlberg, Kravis, Roberts & Co joined the EDF’s Climate Corps Program a venture which instructs MBA interns how to design and start cost efficient, green principles.
KKR and Ken Mehlman have made the effort to develop a package of metrics and other related products which administer resources. Programs like these can track an organization’s ecological impact and discover any problem areas. Henry Kravis, the KKC, and the Environmental Defense Fund have made going green simpler for business organizations in every industry. Their developments have made reducing their ecological impact simpler for organizations in every sector and established that making profits need not entail the hefty price of damaging the environment.
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