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In the beginning, when Henry Kravis and George Roberts set up Kohlberg, Kravis, Roberts & Co (KKR) in the mid-seventies with some help from the First Chicago Corporation, the firm’s main business was in highly leveraged transactions. Lately, in the pursuit of making their portfolio companies and acquisitions greener, KKR have set in motion a unique proposal which has dramatically changed the method by which businesses and environmental activists work in a major way. Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the non-profit environmental advocacy group Environmental Defense Fund (EDF) got together last year, with the intention of making environmentally friendly business practices an acknowledged principle. They wanted to tackle a number of important matters hurting the environment, including hazardous waste, air pollution, steep consumption of water resources, and toxic emissions.

Eco-efficiency (the phrase was originally submitted by the World Business Council for Sustainable Development) informs the framework for their mission, by using policies such as reducing the waste of resources, improving fuel economy through vehicle fleet maintenance and optimizing data centers for efficiency. Even though the program was an enormous success, people simply didn’t realize how incredible the consequences truly were until Ken Mehlman, the executive responsible for the Green Portfolio Project, analyzed the profits for the first 12 months. Much to everyone’s surprise, Ken learned that this program not only reduced the overall impact on the planet, but was also increasing the profits from all their businesses too. Just about all of the firms owned by KKR and Ken Mehlman at present actively participate in the Green Portfolio Project. If you think about the fact that the total portfolio has a value of nearly $100,000,000,000 dollars, you may see what an enormous achievement this really is.

The original project has evolved beyond its original remit and today includes new ventures. The Climate Corps Program set up by the EDF is an example of this, it promotes earth friendly business techniques to students taking a Master’s in Business Administration. KKR and Ken Mehlman have been creating a variety of products that evaluate and manage resources. This type of info is invaluable as businesses can examine all of their day to day processes and find out precisely how they can resolve any issues while at the same time allowing staff to find out their impact on the planet.

Henry Kravis, the KKR, and the Environmental Defense Fund are groundbreakers in the world of green business. Their innovations have simplified the procedure for companies in every industry and demonstrated to the world that running a profitable business need not entail the hefty price of damaging the environment.

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