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Kohlberg, Kravis, Roberts & Co (KKR) was founded in the mid 70’s and back then the firm’s specialty was in highly leveraged transactions. Recently aiming to make the companies in their portfolio more environmentally aware, KKR have launched an exceptional project which has completely transformed the way business concerns and environmental groups work in a big way. Green business procedures became major topic of dicussion a year ago when KKR’s Henry Kravis and the New York based Environmental Defense Fund (EDF) merged. Issues like soil contamination and steep consumption of water resources feature high on their list of objectives. Eco-efficiency (the phrase was originally endorsed by the World Business Council for Sustainable Development) is the procedure deployed to achieve these targets, by applying techniques like reducing the intensity of materials, waste reduction and reducing the waste of resources. Even though the program was an enormous success, no-one realized how fantastic the consequences actually were until Ken Mehlman, the head of the program and global public affairs, studied the profits for the first year. Ken Mehlman discovered that applying eco-efficiency was not simply helping to protect the local environment, but it was also saving business concerns a significant amount of money, and so the project turned into almost an immediate hit. Nearly all of the commercial organizations associated with KKR and Ken Mehlman at present are actively involved in the project. When you consider that the group is valued at virtually one hundred billion dollars, you can imagine what a feat this really is. These two organizations with the help of Ken Mehlman have also developed the initial project. For example, KKR linked up with the Environmental Defense Fund’s Climate Corps Program that teaches students taking an MBA how to introduce cost-effective, green principles. More recently, Ken Mehlman has been cooperating closely with Kohlberg, Kravis, Roberts & Co to develop a variety of metrics which all sorts of business organizations can use to quantify and oversee resources. These systems allow management to assess their progress and identify any problem areas.

Henry Kravis, the KKC, and the Environmental Defense Fund have made going green easier for business organizations large and small. These innovations have made going green easier for business organizations in any industry and demonstrated that running a profitable business need not entail the hefty price of damaging the environment.

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