Anheuser-Busch invests $250,000 in Closed Loop Fund

On America Recycles Day, Anheuser-Busch, St. Louis, announced a $250,000 investment in Closed Loop Fund projects to improve glass recycling capabilities in Texas communities.

According to a new release, 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.

“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,” says 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.”

The Closed Loop Fund, New York, 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.

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 percent majority recycled or returnable packaging by 2025.