Nation’s Leading Brewer Announces Key Initiative toward Packaging Sustainability Goal
ST. LOUIS, MO – November 15, 2018 – Anheuser-Busch today announced 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.”
To learn more about Anheuser-Busch’s recycling and sustainability work, please visit https://www.anheuser-busch.com/betterworld.html.
For more than 165 years, Anheuser-Busch has been woven into the cultural fabric of the United States, carrying on a legacy of brewing great-tasting, high-quality beers that have satisfied beer drinkers for generations. Today, we own and operate 23 breweries, 29 distributorships and 23 agricultural and packaging facilities, and have more than 18,000 colleagues across the United States. We are home to several of America’s most recognizable beer brands, including Budweiser, Bud Light, Michelob ULTRA and Stella Artois, as well as a number of regional brands that provide beer drinkers with a choice of the best-tasting craft beers in the industry.
From responsible drinking programs and emergency drinking water donations to industry-leading sustainability efforts, we are guided by our unwavering commitment to supporting the communities we call home.
About Closed Loop Fund
Founded in 2014, Closed Loop Fund is a social impact investment fund that provides cities access to the capital required to build comprehensive recycling programs. Closed Loop Fund aims to invest $100 million by 2025 with the goal to create economic value for cities by increasing recycling rates in communities across America and build circular supply chains. Closed Loop Fund brings together the world’s largest consumer product, retail, and financial companies committed to finding a national solution to divert waste from landfills into the recycling stream in order to be used in the manufacturing supply chain. Closed Loop Fund investors include 3M, Coca-Cola, Colgate-Palmolive, Johnson & Johnson Family of Consumer Companies, Keurig Dr. Pepper, Nestlé Waters North America, PepsiCo and the PepsiCo Foundation, Procter & Gamble, Unilever and the Walmart Foundation. For more information, visit www.closedlooppartners.com