Investment in Closed Loop Partners' Circular Plastics Fund
The Closed Loop Circular Plastics Fund is managed and operated by Closed Loop Partners, an investment firm dedicated to advancing the circular economy (*1). The fund provides catalytic debt and equity financing into solutions and infrastructure that advance the recovery and recycling of plastics, helping keep more materials in circulation while reducing greenhouse gas emissions, and leading a shift to the circular economy. In addition to its investment funds, Closed Loop Partners provides research, analysis and other services related to the circular economy; through its operating group, Circular Services, it operates the largest privately held recycling company in North America.
There is growing concern about the stability of resource supplies as a result of global population growth, and economic development, and uncertain geopolitical conditions. To better protect the global environment, it is essential to shift to a circular economy while also addressing climate change and preserving and restoring natural capital.
Through its investment in the Closed Loop Circular Plastics Fund, SMBC Group is furthering its commitment to sustainability by leveraging Closed Loop Partners' expertise and network to encourage the transition of industry to a circular economy.
(*1) Circular economy: A socioeconomic system that maximizes the efficient and cyclical use of natural resources (e.g., the use of recycled materials) and the effective use of stock (e.g., the sharing of products and the promotion of secondary distribution) throughout the life cycle of a market.
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