Henkel has invested £5 million into Circularity European Growth Fund, an impact fund managed by Circularity Capital.
The German manufacturer of Schwarzkopf has outlined an ambitious circular economy strategy including setting a target for 100 percent of its packaging to be recyclable, reusable or compostable by 2025.
“We are committed to further drive progress towards a sustainable future. By joining the fund managed by Circularity Capital, we are complementing our current deal flow and will gain further insights into the latest technologies that enable a circular economy,” says Paolo Bavaj, Head of Corporate Venturing at Henkel Adhesive Technologies. “The fund offers access to high growth companies with strong expertise in fields which are highly relevant for us: from circular packaging, business models, materials and products to enabling data solutions and recycling technologies.”
“We are delighted to welcome Henkel, a recognized leader in sustainability who has recently stepped up its commitment for sustainable packaging, as a Limited Partner to Circularity European Growth Fund I LP,” says Jamie Butterworth at Circularity Capital. “We look forward to partnering with Henkel making a positive impact toward a circular economy.”