Henkel invests in the environmental service branch
As part of its corporate venture capital activities, Henkel has invested in a fund which in turn invests in companies in the environmental service branch.
In order to expand its commitment to sustainability, Henkel AG & Co. KGaA has invested five million Pounds Sterling in the „Circularity European Growth Fund I LP“, a fund of the British investment company Circularity Capital LLP. The fund provides financial support to small and medium-sized European companies in the environmental service sector.
According to Henkel, on the one hand the investment is a further step in the company’s venturing activities, and on the other hand the company is thus supporting the establishment of a circular-flow economy. Henkel argues that the fund could create value for all three of the company’s business areas, namely Beauty Care, Laundry & Home Care, and Adhesive Technologies.
As part of a company-specific strategy for recycling management, all Henkel packaging is to be recyclable, reusable or compostable by 2025. In the same period, the proportion of recycled plastic used in packaging for consumer products in Europe is to be 35 percent.
„Through our participation in the fund managed by Circularity Capital, we are supplementing our existing Deal Flow (investment proposals for venture capital, ed.) and will progressively gain insight into the latest technologies for building a closed loop economy,“ says Paolo Bavaj, Head of Corporate Venturing at Henkel Adhesive Technologies. „The fund provides access to high-growth companies with strong expertise in areas of substantial relevance to us – from closed-loop packaging, materials and products via business models, to supporting data solutions and recycling technologies“.
ADVERTISEMENT
The exhibitors of FachPack offer you a complete, customised solution with the right materials, the right function, and the right logistics. More information can be found here.
