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When Henry Kravis and George Roberts established Kohlberg, Kravis, Roberts & Co (KKR) in the 70’s with some support from the First Chicago Corporation, their main business was in highly leveraged transactions. However, in the pursuit of making the companies they take over more environmentally aware, they have established an extraordinary green enterprise which has dramatically changed the method by which businesses and environmental groups operate.

Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the New York based Environmental Defense Fund (EDF) joined forces in 2008, with the goal of making green business practice a mainstream principle. Issues like hazardous emissions and intemperate water consumption are high on their list of priorities. To achieve these goals, they apply a method called eco-efficiency; this makes use of techniques such as increasing the durability of products, reducing the intensity of materials, and recycling programs. The Green Portfolio Project was initially well received, but the firms involved didn’t realize the full program’s advantages until Ken Mehlman, the person in charge of the Green Portfolio Project, reviewed the figures from the program when it had been up and running for its first twelve months. Much to everybody’s surprise, Ken found that this program not only enhanced environmental awareness, but also increased the profits from all their business organizations as well. Currently, KKR and Ken Mehlman have managed to get well-nigh all of their firms taking part in eco-efficiency techniques. If you look at the fact that the group is valued at 86,000,000,000 dollars, you can be certain that this was no easy accomplishment.

Kohlberg, Kravis, Roberts & Co in association with Ken Mehlman are extending the Green Portfolio project. For example, KKR joined the Environmental Defense Fund’s Climate Corps Program which instructs MBA interns how to introduce cost-efficient, green techniques. KKR and Ken Mehlman have made the effort to develop systems that measure and manage various resources. With this information available, companies may easily study each of their day-to-day processes and identify where they can solve any problems while at the same time seeing their progress.

Henry Kravis, the KKR, and the Environmental Defense Fund are trailblazers when it comes ecologically sound business practices. In conclusion, 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 today’s business world.

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