Coca-Cola Europacific Partners joins The Coca-Cola Company and seven bottling partners to launch sustainability-focused venture capital fund

 Coca-Cola Europacific Partners joins The Coca-Cola Company and seven bottling partners to launch sustainability-focused venture capital fund

Coca-Cola Europacific Partners (CCEP) has joined the Coca-Cola Company and seven other bottling partners from around the world to launch a $137.7 million venture capital fund focusing on sustainability investments.

The fund will initially focus on five key areas with the most potential to reduce the carbon footprint across the Coca-Cola system, which is a key priority. These include:

• Packaging
• Heating and cooling
• Facility decarbonisation
• Distribution
• Supply chain

Greycroft, a seed-to-growth venture capital firm, will manage the Greycroft Coca-Cola System Sustainability Fund. The fund is the first of its kind for Greycroft, presenting an attractive opportunity to help scale innovations alongside some of the top bottling operations in the world.

The fund will complement CCEP’s existing venture capital fund CCEP Ventures, which focuses on early stage businesses, by investing in companies at the point of commercialisation.

The bottlers involved represent nearly half of Coca-Cola system volume around the world, with each having contributed $15 million towards the $137.7 million fund:

• The Coca-Cola Company
• Arca Continental
• Coca-Cola Bottling Co. UNITED
• Coca-Cola Consolidated
• Coca-Cola Europacific Partners
• Coca-Cola FEMSA
• Coca-Cola Hellenic Bottling Company
• Reyes Coca-Cola Bottling
• Swire Coca-Cola

The announcement follows a long history of sustainability-focused investments in projects across the Coca-Cola System. For example:

• A cutting edge PET bottle recycling facility, launched by Coca-Cola Europacific Partners and Dynapack Asia in Indonesia
• A recycling start-up called CuRe Technology, which targets plastics that cannot be recycled by mechanical recycling methods and prevents them from being incinerated, downcycled or sent to landfill, through an investment from CCEP Ventures
• PetStar, a recycled PET processing company, invested in by Coca-Cola, Arca Continental and other bottlers in Mexico
• PETValue, the largest PET recycling plant in the Philippines, invested in by Coca-Cola Beverages Philippines and Indorama Ventures

Read about CCEP Ventures here.