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Kohlberg, Kravis, Roberts & Co (KKR) was launched in the 1970’s and in the beginning their main business was in highly leveraged transactions. More recently aiming to make the companies they take over more ecologically friendly, KKR have set in motion a unique proposal that has dramatically transformed the way business concerns and environmental groups work.

Green business practices became a hot topic in 2008 when Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the non-profit environmental advocacy group Environmental Defense Fund (EDF) joined forces. Pivotal green issues like toxic waste and inordinate consumption of water resources feature high on their list of objectives. In order to accomplish this, they utilize a routine known as eco-efficiency, this involves concepts such as waste reduction, maximum use of renewable resources, and reducing the dispersion of toxic chemicals. Even though the project was a tremendous success, no-one realized how important the effects really were until Ken Mehlman, the head of the project and global public affairs, finished the first annual review. Factually exceeding everyone’s expectations, Ken saw that utilizing eco-efficiency not only increased environmental awareness, but was increasing the the net profit from all their companies as well. Currently, Kohlberg, Kravis, Roberts & Co and Ken Mehlman have succeeded in getting virtually all of their companies participating in eco-efficiency principles. When you think about the fact that the total portfolio has a value of nearly $100 billion USD, you can imagine what a feat this really is. The original program is expanding to encompass new ventures. The Climate Corps Program administered by the EDF is a good example of this, it promotes eco-efficient principles to MBA interns.

KKR and Ken Mehlman have made the effort to create systems that manage various resources. These systems let staff see how they are progressing and identify any underlying issues. Henry Kravis, the KKR, and the Environmental Defense Fund are groundbreakers when it comes to raising awareness of environmentally friendly business techniques. In summary, these systems have made environmentally friendly business practice not only viable, but commercially desirable, and their novel ideas are setting a new standard in today’s business world.