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Originally, when Henry Kravis and his business partner George Roberts set up Kohlberg, Kravis, Roberts & Co (KKR) in 1976 with support from the First Chicago Corporation, their main business was in highly leveraged transactions. However, they have assembled an unusual green project that centers not just on how lucrative an enterprise is, but also on the ecological impact of the companies they purchase.

Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the independent Environmental Defense Fund (EDF) got together last year, intending to make green business practices a mainstream principle. Issues like soil contamination and immoderate water consumption are a top priority in their corporate mission statement. Eco-efficiency (a term first endorsed by the World Business Council for Sustainable Development) is the method deployed to achieve these aims, using green policies like maximum use of renewable resources, reducing the intensity of materials and waste reduction. Even though the program was a colossal success, no-one understood how important the effects actually were until Ken Mehlman, the person responsible for the program, looked over the figures for the first 12 months. Only at that point did Ken Mehlman find out that utilizing eco-efficiency wasn’t merely helping to conserve the environment, but it was also helping to save a wide range of businesses a considerable amount of money, and consequently the Green Portfolio project turned into almost an instant success. Well-nigh all of the businesses affiliated to KKR and Ken Mehlman nowadays use eco-efficiency. Seeing that the portfolio is valued at nearly $100,000,000,000 dollars, you may see what a tremendous achievement this really is. The Green Portfolio project is expanding to include new initiatives. For example, Kohlberg, Kravis, Roberts & Co got together with the Environmental Defense Fund’s Climate Corps Program which teaches students taking an MBA how to put together and initiate cost-efficient, earth friendly practices. Furthermore, Ken Mehlman has been in close collaboration with KKR to produce metrics and other related systems that companies can utilize to measure and oversee resources. These systems can track an organization’s progress and identify any problem areas. Henry Kravis, the KKR, and the Environmental Defense Fund really are trailblazers when it comes environmentally sound business techniques. Their innovations have set a benchmark for firms in any sector and established that running a profitable business need not entail the hefty price of damaging the environment.