News & Views

摘要

Some of the largest companies in the world have come together to form a $100 million recycling fund. Announced by Walmart, the Closed Loop Fund will be formed by nine core firms and aim to become "an innovative investment vehicle that will help finance projects that increase recycling." According to Walmart, the project was sparked by supply shortages. "This group of companies is coming together because we jointly face a system problem: Recycling rates are stagnant, and we can't get enough recycled material in packaging and products," Walmart officials said in a statement.