In the beginning, when Henry Kravis and George Roberts set up Kohlberg, Kravis, Roberts & Co (KKR) in 1976 with some assistance from the First Chicago Corporation, their specialization was in highly leveraged transactions. However, hoping to make their portfolio of companies more ecologically friendly, KKR have established a groundbreaking project that has transformed the method by which businesses and environmental agencies function. Green business practice became major topic of dicussion in 2008 when KKR’s Henry Kravis and the New York based Environmental Defense Fund (EDF) got together. These companies intends to campaign against some fundamental matters hurting the ecology of the planet, for example toxic emissions, toxic waste, unconscionable consumption of water resources, and deforestation. To accomplish these goals, they use eco-efficiency, this uses concepts like recycling programs, maximum use of renewable resources, and improving fuel economy through vehicle fleet maintenance. The program was well received, nevertheless the management didn’t understand the scope of the project’s benefits until the head of the program and global public affairs, Ken Mehlman, reviewed the program following a year in operation.

Much to everyone’s surprise, Ken realized that eco-efficiency not only enhanced environmental awareness, but also increased the the net profit from every last business too. Just about all of the businesses linked with KKR and Ken Mehlman now are actively involved in eco-efficiency principles. When you think about the fact that this portfolio of business organizations is valued at nearly 100.000,000,000 USD, you may see what a tremendous achievement this really is. KKR with the Environmental Defense Fund with the help of Ken Mehlman have also extended the Green Portfolio project. The Climate Corps Program administrated by the EDF is a great example of this, it advances cost effective, green principles to students taking a Master’s in Business Administration. KKR and Ken Mehlman have been creating a package of systems that oversee resources. With this information available, businesses may without much effort examine their day-to-day procedures and find out how they can solve any problems while at the same time tracking their progress. Henry Kravis, the KKR, and the Environmental Defense Fund are genuine trailblazers in the business community. In conclusion, the work of these organizations has made ecologically friendly business practice not only viable, but commercially desirable, and their novel ideas are setting a new standard in the high-pressure business world of today.