Nestlé's $258m sustainable packaging fund, Citi's $150m Impact Fund and Microsoft's $1bn carbon capture fund illustrate how corporates are adopting to new challenges.
Three of the world’s largest companies in different sectors have set up funds targeting impact investing in startups to help deal with global concerns around plastics, careers and financial welfare, and the climate and environment.
Switzerland-based food group Nestlé will launch a CHF250m ($258m) sustainable packaging fund to invest in startups that concentrate on that area.
It is part of a CHF2bn investment package to lead the shift from virgin plastics to food-grade recycled plastics, and to accelerate the development…
