Kohlberg, Kravis, Roberts & Co (KKR) was established in the mid 70’s and in those days the company’s focus was in leveraged buyouts. But only a year ago they have set up a unique green project which concentrates not only on ramping up their respective profit margins, but also on the environmental impact of the companies they control. Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the independent Environmental Defense Fund (EDF) merged a year ago, with the mission of making environmentally friendly business operation a commonplace idea. Their goals include encouraging companies in opposing procedures which may threaten the environment e.g. hazardous chemical use and any lavish water consumption.

Eco-efficiency (a term initially advertised by the WBCSD) informs the framework for their mission, by applying green policies such as reducing the dispersion of toxic chemicals, improving fuel economy through vehicle fleet maintenance and fuel economy. Efficient though it was the KKR and EDF did not even realize the full program’s advantages until the person responsible for the project, Ken Mehlman, evaluated the project when it had been in operation for a year.

Ken noticed that eco-efficiency wasn’t just helping the environment, but it was also helping to save firms a large amount of money. Virtually all of the businesses owned by KKR and Ken Mehlman today are involved in eco-efficiency. And, when you consider that the group has a current portfolio estimated at $86,000,000,000, you may be sure this was no easy see what a tremendous feat this is.

Kohlberg, Kravis, Roberts & Co along with Ken Mehlman are further extending the original project. The Climate Corps Program administered by the EDF is one of these, it advances cost-efficient, green practices to MBA interns. KKR and Ken Mehlman have been formulating a package of analytical tools that oversee various resources. Programs like these can assess an organization’s ecological impact and discover any underlying problems. Henry Kravis, the KKC, and the Environmental Defense Fund have encouraged all sorts of businesses to cut down their ecological impact. So, in conclusion, these systems have made green business practice not only viable, but commercially desirable, and their radical ideas are setting a new standard in the business world of today.