Kohlberg, Kravis, Roberts & Co (KKR) was set up by Henry Kravis and George Roberts in the 1970’s with help from the First Chicago Corporation. However, they have assembled a remarkable venture which concentrates not merely on how much profit they can make, but additionally on the environmental impact of the companies they purchase.

When Henry Kravis from KKR and the non-profit environmental advocacy group Environmental Defense Fund (EDF) merged only a year ago green matters in the business world became major topic of dicussion. Their goals include encouraging their affiliated enterprises in fighting against environmental menaces like hazardous waste and any unconscionable consumption of water resources.

In order to implement this, they apply a procedure termed eco-efficiency which involves concepts such as using clean energy, fuel economy, and waste reduction. Even though the project was a colossal success, no-one recognized how incredible the effects were until Ken Mehlman, the head of the project and global public affairs, examined the first year’s profits. Ken Mehlman saw that applying eco-efficiency wasn’t merely cutting impact on the environment, but in addition it was saving companies a great deal of money, and therefore the Green Portfolio project turned into virtually an instant hit. Well-nigh all of the companies associated with Kohlberg, Kravis, Roberts & Co and Ken Mehlman now are involved in eco-efficiency. If you think about the fact that the total portfolio has a net worth of $86,000,000,000, you can see what an enormous achievement this really was.

Kohlberg, Kravis, Roberts & Co with the EDF along with Ken Mehlman are developing the original Green Portfolio project. For instance, KKR joined the EDF’s Climate Corps Program an organization which instructs MBA interns how to promote cost efficient, earth friendly techniques. KKR and Ken Mehlman have been developing metrics and other relevant systems which quantify and oversee various resources. With this information available, any type of business may without very much effort evaluate their day to day activities and identify precisely how they can solve any problems while simultaneously permitting them to determine their impact on the planet.

Henry Kravis, the KKR, and the Environmental Defense Fund truly are groundbreakers in the world of green business. In summary, the work of these organizations has made ecologically friendly business practice not only viable, but commercially desirable, and their radical ideas are setting a new standard in today’s world.