Business, Conservation, Eco-friendly, Green

Why should companies go green?

According to private equity firm Kohlberg Kravis Roberts (KKR), companies may face a strong financial incentive to go green.

 

Led by Henry Kravis and George Roberts, KKR makes the case that that companies that improve their environmental performance end up reducing costs through “greater efficiency, more productive workplaces, stronger relationships with suppliers and customers,” and by launching “new products and services” that  build competitive advantages.

 

“The business case for environmental management has never been stronger,” as Henry Kravis puts it.

 

And it seems that they might be doing a fair job of convincing others of the truth of the matter, according to the Investment Dealers’ Digest of March 8,  2009, “Kohlberg Kravis Roberts should be lauded for saving $16.4 million through environmental initiatives at three portfolio companies…It’s an achievement notable by any measure for keeping 25,000 metric tons of greenhouse gas emissions out of the atmosphere.”

 

Hopefully if being good to the environment is good for business other companies will soon follow suit.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s