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Kohlberg, Kravis, Roberts & Co (KKR) was founded in 1976 and initially their main business was in ‘bootstrap’ buyouts. Pushing on, hoping to make the companies they take over have less of an environmental impact, they have launched a unique proposal which has fundamentally changed the way businesses and environmental groups carry on their day-to-day business. Green business processes became major topic in 2008 when Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the New York based Environmental Defense Fund (EDF) merged. Their objectives include encouraging firms in fighting against operations which may endanger the environment like depletion of the ozone layer not to forget excessive water consumption. Eco-efficiency (the phrase was initially endorsed by the WBCSD) is the formula employed to achieve these aims, by applying policies such as reducing the waste of resources, waste reduction and improving fuel economy through vehicle fleet maintenance. Irrespective of the fact that the program was an enormous success, no-one realized how incredible the effects truly were until Ken Mehlman, the head of the program and global public affairs, carried out the first annual review.

Much to everybody’s surprise, Ken saw that eco-efficiency not only helped in proctecting the local environment, but was increasing the profitability of each and every company besides. Up to now, Kohlberg, Kravis, Roberts & Co and Ken Mehlman have succeeded in getting virtually each and every business in their portfolio participating in the project. Considering that the portfolio has a value of virtually one hundred billion USD, you may see what a massive achievement this really is. The initial project has developed far beyond its initial remit and nowadays encompasses new ventures. The Climate Corps Program founded by the Environmental Defense Fund is a great illustration of this, it campaigns for ecologically friendly principles to interns studying for a Master’s degree in Business Administration. Furthermore, Ken Mehlman has been collaborating closely with Kohlberg, Kravis, Roberts & Co to formulate a series of analytic tools and other applicable systems which a wide range of business concerns can use to quantify resources. With this information available, companies may easily evaluate each of their day to day processes and identify how they can solve any problems while simultaneously tracking their progress. Henry Kravis, the KKC, and the Environmental Defense Fund have made going green easier for business organizations all over the country. These unique ideas have made going green simpler for companies in every industry and illustrated that running a profitable business need not entail the hefty price of negatively impacting our planet.