The Tax Cheapo

Kohlberg, Kravis, Roberts & Co (KKR) was set up in 1976 and to begin with their specialty was in highly leveraged transactions. But they have launched a groundbreaking proposal which concentrates not only on profitability, but also on the ecological impact of the companies they purchase.

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Green business practice became major discussion topic last year when Kohlberg, Kravis, Roberts & Co’s Henry Kravis and the the Environmental Defense Fund (EDF) merged. Their objectives include encouraging firms in fighting against environmental threats such as hazardous chemical use and any enormous consumption of water resources.

Eco-efficiency (a phrase originally propagated by the World Business Council for Sustainable Development) formulates the framework for their mission, through utilizing ecologically sustainable techniques such as maximum use of renewable resources, reducing the waste of resources and fuel economy. Although the project was a huge success, staff simply didn’t understand how incredible the results truly were until Ken Mehlman, the head of the program and global public affairs, finished the first annual review. Much to everyone’s surprise, Ken discovered that the program not only decreased the overall impact on the planet, but was increasing the the net profit from all their business organizations as well. Nearly all of the firms owned by Kohlberg, Kravis, Roberts & Co and Ken Mehlman now are participating in eco-efficiency. Nevertheless, when you consider that the group has a current portfolio worth 86,000,000,000 dollars, you may be certain that this was no easy feat.

Kohlberg, Kravis, Roberts & Co with the EDF in association with Ken Mehlman have also expanded the Green Portfolio project. For example, Kohlberg, Kravis, Roberts & Co linked up with the Environmental Defense Fund’s Climate Corps Program that instructs interns taking a Master’s degree in Business Administration how to promote financially astute, planet friendly principles.

KKR and Ken Mehlman have made the effort to formulate a variety of metrics and analytic tools which quantify and manage resources. Systems like these let staff see how green they are and identify any underlying issues.

The business community has been altogether transformed by the ecologically centered efforts of these organizations. So, in conclusion, these systems have made green business techniques not only viable, but commercially desirable, and their novel ideas are setting a new standard in today’s business community.