Anheuser-Busch announces a $250,000 investment in Closed Loop Fund projects to improve glass recycling capabilities in Texas communities. The first of these projects will be announced in early 2019 and will help drive progress towards the brewer’s ambitious 2025 Sustainability Goals, announced last spring.
The Closed Loop Fund is a social impact investment fund that supports comprehensive recycling programs across the country with the aim of accelerating the development of more circular supply chains.
“We have a long history of finding innovative ways to reduce our environmental footprint and through this partnership look forward to continuing that tradition in our local Texas communities,” said Angie Slaughter, Vice President of Sustainability at Anheuser-Busch. “Together with our Houston and Karbach breweries and Longhorn Glass, we are thrilled to be working with the Closed Loop Fund in Texas to further our 2025 Sustainability Goals as we strive to achieve our dream of building a better world.”
Investing in the Closed Loop Fund projects will enable Anheuser-Busch to increase the percentage of recycled glass used at its Longhorn production facility as part of its commitment to using 100% majority recycled or returnable packaging by 2025.
“At Closed Loop Fund, we are exploring new regional models to add value and improve the economics for material streams like fiber, plastics, and glass,” said Ellen Martin, Vice President of Impact at Closed Loop Fund. “In a single stream environment, significant investment is needed to ensure glass maintains its value.”