Kohlberg, Kravis, Roberts & Co (KKR) was launched in the mid 70’s and to begin with the firm’s specialization was in ‘bootstrap’ buyouts. However, aiming to make their acquisitions more ecologically aware and more profitable in the same stride, KKR have set in motion a unique project that has transformed the way businesses and environmental activists operate.

Environmentally aware business practices went mainstream last year when Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the non-profit Environmental Defense Fund (EDF) got together. They intended to help resolve big green issues, including depletion of the ozone layer, hazardous emissions, unreasonable water consumption, and deforestation. Eco-efficiency (a phrase initially endorsed by the World Business Council for Sustainable Development WBCSD) is the procedure used to achieve these goals, through utilizing ecologically sustainable techniques like reducing the dispersion of toxic chemicals, improving fuel economy through vehicle fleet maintenance and fuel economy. Effective though it was the management did not realize the full advantages of the project until the man responsible for the Green Portfolio Project, Ken Mehlman, assessed the program when it had been up and running for a year. Only then did Ken Mehlman notice that the Green Portfolio Project was not simply lessening impact on the planet, but it was also saving a diverse range of businesses a great deal of money. Just about all of the firms linked with Kohlberg, Kravis, Roberts & Co and Ken Mehlman at present are taking part in the program. Still, when you consider that the group has a current portfolio worth eighty six billion dollars, you may be certain this wasn’t an easy see what an enormous accomplishment this is. The initial project now encompasses new ventures. For instance, Kohlberg, Kravis, Roberts & Co got together with the EDF’s Climate Corps Program an enterprise that teaches students studying for an MBA how to introduce cost-effective, ecologically friendly practices.

More recently, Ken Mehlman has been cooperating closely with Kohlberg, Kravis, Roberts & Co to produce a package of metrics and analytical tools which all sorts of business concerns can employ to quantify and administer assorted resources. With this information available, any business can evaluate all of their day-to-day activities and ascertain how any problems can be solved while at the same time seeing their progress. Henry Kravis, the KKC, and the Environmental Defense Fund have encouraged all sorts of businesses to cut down their ecological impact. So, in conclusion, the work of these organizations has made green business practice not only viable, but commercially desirable, and their revolutionary ideas are setting a new standard in today’s world.