German personal care giant Henkel has announced it is invest £5m in the Circularity European Growth Fund, an impact fund managed by Circularity Capital that promotes a circular economy.
The move strengthens Henkel’s sustainability drive, which includes using 100% recyclable, reusable or compostable packaging by 2025.
Within the same timeframe, Henkel aims to use 35% recycled plastic for its consumer goods products in Europe.