The Ape Bot

When Henry Kravis and George Roberts set up Kohlberg, Kravis, Roberts & Co (KKR) in the mid seventies with the support of the First Chicago Corporation, their main business was in “bootstrap” buyouts. Moving further, hoping to make the businesses in their portfolio greener, KKR have set up a unique project that has completely transformed the method by which business concerns and environmental groups function.

Environmentally aware business procedures became a hot topic a year ago when KKR’s Henry Kravis and the non-profit Environmental Defense Fund (EDF) joined forces. Issues like toxic chemical use and egregious water consumption are high on their list of priorities. To implement this, they deploy a routine known as eco-efficiency which calls for concepts such as improving fuel economy through vehicle fleet maintenance, waste reduction, and increasing the durability of products. Even though the program was an enormous success, no-one realized how far reaching the effects were until Ken Mehlman, the executive responsible for the project, carried out the first annual review.

Eclipsing everyone’s expectations, Ken discovered that practicing eco-efficiency not only decreased the impact on the planet, but also increased the the net profit from every business besides. Up to now, Kohlberg, Kravis, Roberts & Co and Ken Mehlman have succeeded in getting nearly every associated company involved in eco-efficiency principles. Nevertheless, when you consider that the group has a current business portfolio worth $86,000,000,000, you may be certain that this was no easy see what a massive achievement this is. The original program has grown beyond its primary remit and now includes new ventures. For instance, KKR got together with the EDF’s Climate Corps Program an enterprise that instructs MBA students how to introduce financially astute, ecologically friendly principles.

In addition, Ken Mehlman has been in close collaboration with KKR to develop a series of metrics and other applicable systems that companies can employ to measure resources. This type of info is invaluable as companies can evaluate their day to day activities and find out where they can improve while simultaneously seeing their progress. Henry Kravis, the KKC, and the Environmental Defense Fund have encouraged all sorts of businesses to become more ecologically friendly. So, in conclusion, these systems have made green business practice not only viable, but commercially desirable, and their revolutionary ideas are setting a new standard in the competitive business world of today.