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When Henry Kravis and George Roberts established Kohlberg, Kravis, Roberts & Co (KKR) in the mid 70’s with the help of the First Chicago Corporation, the firm’s specialty was in highly leveraged transactions. But only a year ago they have assembled a unique green enterprise which centers not simply on how much profit they can net, but also on the ecological impact of the companies they acquire. When Henry Kravis from KKR and the Environmental Defense Fund (EDF) got together just a year ago green issues all of a sudden turned into a mainstream idea. The coalition wanted to help resolve big matters hurting the ecology of the earth, including depletion of the ozone layer, resource depletion, exaggerated consumption of water resources, and toxic emissions. To accomplish these goals, they deploy a method labeled eco-efficiency which involves concepts such as reducing the dispersion of toxic chemicals, reducing the waste of resources, and waste reduction. Successful though it was the management did not even understand the range of the program’s advantages until the man in charge of the Green Portfolio Project, Ken Mehlman, evaluated the numbers from the project subsequent to a full year in operation.

Ken observed that applying eco-efficiency wasn’t just protecting the environment, but in addition it was helping to save businesses a great deal of money, making the program almost an immediate success. These days, KKR and Ken Mehlman have managed to get well-nigh every last firm in their portfolio taking part in eco-efficiency. When you think about the fact that the group is valued at $86,000,000,000, you may be certain this wasn’t a simple feat. The initial Green Portfolio project now includes new initiatives. For instance, KKR joined the Environmental Defense Fund’s Climate Corps Program that instructs interns taking a Master’s in Business Administration how to introduce cost effective, green techniques.

KKR and Ken Mehlman have made the effort to formulate metrics that evaluate and oversee various resources. This type of information is critical as businesses can examine their daily operations and identify precisely how they can solve any problems while simultaneously permitting them to determine how green they are becoming. Henry Kravis, the KKC, and the Environmental Defense Fund have encouraged all sorts of businesses to go green. These fresh ideas have made going green simpler for organizations in any sector and demonstrated that making profits need not entail the hefty price of negatively impacting our planet.

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