The Tax Cheapo

Originally, when Henry Kravis and George Roberts founded Kohlberg, Kravis, Roberts & Co (KKR) in the mid seventies with the assistance of the First Chicago Corporation, their specialization was in bootstrap buyouts. Moving beyond, aiming to make their acquisitions more ecologically friendly and more profitable in the same stride, KKR have founded a novel venture which has entirely transformed the method by which businesses and environmental agencies carry on their everyday business.

Green business procedures became more generally adopted in 2008 when Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the non-profit environmental advocacy group Environmental Defense Fund (EDF) joined forces. Issues like toxic emissions and immeasurable consumption of water resources are a priority in their corporate mission.

Eco-efficiency (the term was initially popularized by the World Business Council for Sustainable Development WBCSD) is the formula deployed to achieve these goals, utilizing green policies like maximum use of renewable resources, waste reduction and reducing the waste of resources. Although the program was a huge success, no-one realized how important the consequences were until Ken Mehlman, the executive in charge of the project, carried out the first annual review. Capping everyone’s expectations, Ken learned that eco-efficiency not only served in preserving the environment, but also increased the the profit from all their business concerns as well. These days, Kohlberg, Kravis, Roberts & Co and Ken Mehlman have succeeded in getting almost all of their companies engaged in eco-efficiency principles. Considering that the group is worth 86 billion dollars, you can be certain that this was not an easy accomplishment.

KKR with the EDF in association with Ken Mehlman are expanding the initial program. The Climate Corps Program founded by the Environmental Defense Fund is just one of these, it heightens awareness of eco-efficient principles to students taking an MBA.

More recently, Ken Mehlman has been in close collaboration with KKR to develop a package of systems which firms can utilize to quantify and manage resources. With this information available, companies can assess their daily activities and find out exactly how any issues may be resolved while at the same time seeing their progress. Henry Kravis, the KKC, and the Environmental Defense Fund have encouraged all sorts of businesses to go green. So, in conclusion, the work of these organizations has made environmentally friendly business practice not only viable, but commercially desirable, and their revolutionary ideas are setting a new standard in the competitive business world of today.