Conservation | October 21, 2018

Closed Loop Fund secures $10 million from Amazon to improve recycling

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, October 22 – Amazon joins the ranks of Nestlé, Coca-Cola, Johnson & Johnson, and Unilever supporting Closed Loop’s initiative to improve recycling and cut manufacturing waste. Closed Loop Fund aims to invest $100 million in recycling programs and sustainable manufacturing technology by 2020.

Launched in 2014, the fund has 14 investments in its portfolio, including waste repurposing companies like IntegriCo, which makes products for railroad infrastructure from recycled plastic, and GreenMantra, which makes new materials out of hard-to-recycle products.

The fund has also supported municipalities, like Waterbury, Connecticut, needing capital to expand their recycling initiatives.