Kohlberg, Kravis, Roberts & Co (KKR) was launched in the mid-seventies and back then their specialization was in ‘bootstrap’ buyouts. Recently, however, hoping to make the businesses in their portfolio greener, KKR have set in motion a unique proposal that has totally transformed the way businesses and environmental groups operate. Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the independent Environmental Defense Fund (EDF) got together a year ago, intending to make green business practice a widespread concept. Issues like soil contamination and preposterous consumption of water resources are a top priority in their corporate mission. Eco-efficiency (the term was originally advertised by the WBCSD) represents their mission’s framework, applying green policies like using clean energy, reducing the intensity of materials and waste reduction. Although the project was an enormous success, managment simply did not understand how fantastic the consequences really were until Ken Mehlman, the head of the program and global public affairs, looked at the first year’s figures.

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Much to everybody’s surprise, Ken saw that practicing eco-efficiency not only cut down on ecological impact, but also increased the the profit from all their companies besides. Up to now, Kohlberg, Kravis, Roberts & Co and Ken Mehlman have managed to get nearly every associated company involved in eco-efficiency techniques. Nevertheless, when you consider that the group has a current business portfolio with a value of 86,000,000,000 dollars, you may be certain this wasn’t an easy accomplishment. The initial program has evolved beyond its primary remit and now encompasses new initiatives. To illustrate, KKR joined the EDF’s Climate Corps Program which instructs students studying for a Master’s in Business Administration how to encourage financially strong, planet friendly practices. KKR and Ken Mehlman have been formulating a package of systems that manage various resources. With this information available, businesses can evaluate their day to day procedures and find out where they can solve any problems while simultaneously permitting staff to determine how much they have progressed. Henry Kravis, the KKR, and the Environmental Defense Fund are innovators in the world of green business. So, to summarize, these systems have made green business practice not only viable, but commercially desirable, and their revolutionary ideas are setting a new standard in today’s business community.