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Kohlberg, Kravis, Roberts & Co (KKR) was launched in the mid-seventies and to begin with their focus was in leveraged buyouts. Recently they have set up an innovative project that concentrates not alone on how lucrative a business is, but likewise on how ecologically friendly each of the corporations in their portfolio currently are. Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the the Environmental Defense Fund (EDF) joined forces last year, hoping to make environmentally aware business practices a mainstream principle. Issues like hazardous chemical use and unmitigated water consumption are a top priority in their corporate mission.

Eco-efficiency (the phrase was initially popularized by the WBCSD) is the methodology used to achieve these goals, employing policies such as waste reduction, improving fuel economy through vehicle fleet maintenance and recycling programs. Effective though it was the KKR and EDF did not understand the full benefits of the program until the head of the Green Portfolio Project and global public affairs, Ken Mehlman, assessed the project following a full year in operation. Surpassing everyone’s expectations, Ken learned that the program not only cut down on the impact on the planet, but also increased the the net profit from all their business organizations as well. Virtually all of the businesses affiliated to Kohlberg, Kravis, Roberts & Co and Ken Mehlman now take part in the Green Portfolio Project. If you look at the fact that the total portfolio is valued at $86,000,000,000, you can see what a challenge this really is.

The Green Portfolio project has developed beyond its initial remit and these days encompasses new and groundbreaking enterprises. To illustrate, KKR got together with the Environmental Defense Fund’s Climate Corps Program which instructs interns taking an MBA how to promote cost-effective, green principles. Of Late, Ken Mehlman has been in close collaboration with KKR to produce a package of metrics and analytical tools which companies can use to measure and manipulate resources. With this information available, companies can evaluate their day-to-day activities and discover how they can resolve any issues while at the same time permitting staff to determine how ecologically friendly they are. Today’s business world has been entirely changed by the work of Henry Kravis, the KKC, and the Environmental Defense Fund. Their developments have made going green easier for organizations in every sector and demonstrated that making profits need not entail the hefty price of damaging the environment.