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Huhtamaki invests in sustainable packaging fund to operate a vehicle next-generation innovation

As a restricted partner in the fund, Huhtamaki said the investment can help foster ‘next-generation sustainable packaging solutions’ and utilize the nascent innovation of start-ups.

The Finnish company told us it isn’t disclosing the quantity of cash it’ll placed into the fund.However, a spokesperson explained, the investment is one section of Huhtamakis three-pronged method of packaging innovation, which aims to work alongside start-ups while also buying acquiring new technological capabilities and driving internal innovation capabilities.

At Huhtamaki, we’ve consciously made a decision to spend money on acquiring and developing new technological capabilities, leveraging internal expertise across our business segments to resolve key innovation challenges, but additionally seeking guidelines to strengthen our innovation capabilities. Which means that we also search for opportunities to partner with multiple stakeholders over the value chain and across industries to create for circularity, covering an array of systems and products.

We think that together we are able to create incremental, breakthrough and transformative innovation that may result in systemic, long-lasting change beyond today’s. Ultimately this collective effort might help us flourish in protecting food, people, and the earth whilst also bringing significant commercial value.

Carbon neutral production and circular design

Huhtamaki is focused on making certain its innovation for sustainable packaging solutions includes a net positive impact. By 2030, the business aims to attain carbon neutral production and design all its products to be recyclable, compostable or reusable.

Innovation is really a key lever if Huhtamaki would be to deliver with this ambition. The packaging supplier is therefore attempting to develop next-generation, transformative innovation.

For all of us to proactively drive next-generation innovation that may change the facial skin of the packaging industry we have to investigate all avenues and partner with experts to take action. Our focus is on delivering sustainable packaging solutions, with a net positive impact, driving accessibility, affordability, hygiene and safety of food for consumers all over the world, explained Charles Haulm, President and CEO at Huhtamaki.

Haulm said Emeralds sustainable packaging fund aligns with the packaging manufacturer’s own strategic priorities, adding that the VCs expertise and global reach can help it explore new possibilities to generate value for customers, shareholders, employees and the earth.

With the investment, we have been searching for opportunities to collaborate with new partners to be able to help foster next-generation sustainable packaging solutions, Huhtamaki told FoodNavigator.

Collaborating for impact over the packaging lifecycle

Tech-focused VC Emerald announced the launch of its sustainable packaging fund last April. It really is among the first venture-backed investment vehicles targeting the entire packaging lifecycle.

With the global packaging sector set for growth amid a significant push to lessen waste and greenhouse gas emissions, the fund aims to catalyze leaps in the advanced materials and industrial technologies that may both benefit the earth – and earn significant returns.

Emerald will seek investments in sectors across all stages of the circular economy, which range from smart packaging to recycleables to plastics recycling.

Packaging is really a vital section of our modern commercial landscape, and we have been excited to utilize Huhtamaki on developing sustainable solutions which make sure that innovation in packaging includes a positive impact, commented Gina Domanig, Emerald Managing Partner.

This is simply not Huhtamakis first foray in to the start-up world. The investment follows Huhtamakis earlier collaboration with start-ups launched in 2020 within Huhtamakis centennial which, a spokesperson said, demonstrated the worthiness of partnerships in identifying, developing and deploying systemic answers to deliver game-changing sustainable packaging for future years.

Packaging innovation is really a hot topic. Manufacturers will work to balance the necessity to tackle plastic pollution and decrease the carbon footprint of packaging while maintaining the functional and protective attributes of food packaging.

Huhtamaki will undoubtedly be joining FoodNavigators upcoming panel on packaging innovation within ourClimate Smart Food event in a few days (20-22 September).

Alongside speakers from the buyer Goods Forum, Great Wrap, Refresco and FoodBytes! By Rabobank, Huhtamaki will profile innovative methods to F&B packaging.

Climate Smart Food is really a three-day, free-to-attend, digital broadcast event presented by FoodNavigator. By way of a group of interactive panels, presentations and fireside interviews, we’ll be asking how exactly to transition towards a climate smart food system.

For the full programme just click here or even to sign up for free, just click here.

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Climate Smart Food is really a digital event that occurs on 20-22 September

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