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When Henry Kravis and his partner George Roberts set up Kohlberg, Kravis, Roberts & Co (KKR) in the mid-seventies with some support from the First Chicago Corporation, the firm’s specialty was in leveraged buyouts. Recently they have launched a novel proposal that concentrates not simply on optimized ROI, but likewise on the environmental impact of the companies they acquire.

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Environmentally aware business processes became a hot topic in 2008 when Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the non-profit Environmental Defense Fund (EDF) merged. Their company mission is to encourage businesses to oppose operations which may threaten the environment e.g. hazardous emissions and any outrageous consumption of water resources. In order to achieve these goals, they apply eco-efficiency; this calls for concepts such as recycling programs, improving fuel economy through vehicle fleet maintenance, and reducing the waste of resources. Even though the project was a tremendous success, managment simply didn’t realize how far reaching the results actually were until Ken Mehlman, the man in charge of the program, finished the review of the first year. Ken who received his J.D. from Harvard Law School in 1991, has also served as legislative director to Texas 21st Congressional District Representative Lamar S. Smith, managed the 2004 re-election campaign for President Bush and presently serves as a member of the executive leadership cabinet of the Martin Luther King, Jr. National Memorial Foundation, the Council on Foreign Relations Climate Change Task Force, and the Senior Advisory Committee of the Harvard University Institute of Politics, discovered that applying eco-efficiency wasn’t only lessening impact on the environment, but it was also saving firms a great deal of money, and so the project turned into virtually an immediate hit. Just about all of the businesses owned by Kohlberg, Kravis, Roberts & Co and Ken Mehlman now utilize eco-efficiency. Yet, when you consider that the group has a 2009 business portfolio valued at 86 billion dollars, you can be sure that this wasn’t an easy accomplishment.

KKR along with Ken Mehlman are further extending the initial Green Portfolio project. To illustrate, Kohlberg, Kravis, Roberts & Co joined the EDF’s Climate Corps Program a venture that instructs students studying for an MBA how to introduce financially shrewd, green practices. Lately, Ken Mehlman has worked closely with KKR to formulate a variety of products that firms can utilize to measure and manage a number of resources. With this information available, companies can study each of their daily activities and identify exactly how they can resolve any issues while simultaneously seeing their progress. Henry Kravis, the KKR, and the Environmental Defense Fund really are trailblazers in the world of green business. Their innovations have set a benchmark for organizations in any sector and demonstrated to the world that making profits need not entail the hefty price of damaging the environment.