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Kohlberg, Kravis, Roberts & Co (KKR) was founded by Henry Kravis and his partner George Roberts in the mid 70’s with help from the First Chicago Corporation. But in the hope of making their portfolio companies and acquisitions more ecologically friendly, KKR have set up an extraordinary green enterprise that has transformed the way business concerns and environmental agencies work forever. KKR’s Henry Kravis and the New York based Environmental Defense Fund (EDF) got together last year, intending to make environmentally sound business procedures an acknowledged concept. Their objectives include encouraging businesses to help resolve environmental menaces such as climate change not to forget reckless water consumption. Eco-efficiency (a phrase first advocated by the WBCSD) is the routine applied to achieve these aims, using techniques such as recycling programs, increasing the durability of products and fuel economy. Impressive though it was the firms who were taking part did not realize the totality of the project’s benefits until the man in charge of the project, Ken Mehlman, evaluated the figures from the program when it had been functioning for its first twelve months. Only at that point did Ken Mehlman realize that utilizing eco-efficiency was not solely helping the local environment, but in addition it was helping to save business concerns a substantial amount of money. Currently, KKR and Ken Mehlman have well-nigh every associated company involved in eco-efficiency principles. If you look at the fact that the group is valued at eighty-six billion dollars, you can be sure that this was no easy feat.

The original program has grown beyond its primary remit and now includes new ventures. For example, Kohlberg, Kravis, Roberts & Co got together with the Environmental Defense Fund’s Climate Corps Program a venture which instructs interns taking an MBA how to design and start cost efficient, ecologically friendly techniques. What is more, Ken Mehlman has been cooperating closely with Kohlberg, Kravis, Roberts & Co to produce products that businesses can employ to quantify and manipulate a wide range of resources. Products like these let a business organization to track their progress and discover any underlying problems. Henry Kravis, the KKR, and the Environmental Defense Fund truly are visionaries in the world of green business. So, to summarize, these systems have made ecologically friendly business techniques not only viable, but commercially desirable, and their revolutionary ideas are setting a new standard in the business world of today.