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Kohlberg, Kravis, Roberts & Co (KKR) was set up in the 70’s and back then their main business was in ‘bootstrap’ buyouts. More recently in an uncommon effort to make the companies they purchase greener, they have established an exceptional green project that has dramatically transformed the method by which business concerns and environmental groups work together, in a big way. Green business practice went mainstream a year ago when Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the New York based Environmental Defense Fund (EDF) joined forces. Issues like greenhouse gas emissions and absurd consumption of water resources are high on their agenda. Eco-efficiency (the phrase was initially popularized by the World Business Council for Sustainable Development) denotes the framework for their mission, by utilizing techniques such as maximum use of renewable resources, waste reduction and recycling programs. Successful though it was the firms who were taking part did not even realize the full project’s advantages until Ken Mehlman, the person in charge of the program, reviewed the program subsequent to its first year in operation.

Only at that point did Ken find out that utilizing eco-efficiency was not just reducing their impact on the environment, but it was also saving firms a large sum of money, and so the program became virtually an immediate hit. Currently, Kohlberg, Kravis, Roberts & Co and Ken Mehlman have virtually every last business in their portfolio engaged in the Green Portfolio Project. Still, with a current business portfolio worth $86,000,000,000, you may be certain this wasn’t an easy feat. The original project now includes new ventures. The Climate Corps Program set up by the Environmental Defense Fund is an example of this, it promotes cost-efficient, green practices to interns studying for a Master’s degree in Business Administration. More recently, Ken Mehlman has collaborated closely with Kohlberg, Kravis, Roberts & Co to develop metrics and analytic tools that business organizations can use to evaluate and manage a number of resources. With this information available, any type of business can evaluate all of their day to day processes and discover how any problems can be solved while simultaneously permitting them to determine their impact on the planet. Henry Kravis, the KKC, and the Environmental Defense Fund have made going green less painful for businesses large and small. In summary, these systems have made environmentally friendly business techniques not only viable, but commercially desirable, and their novel ideas are setting a new standard in the high-pressure business world of today.