Emerald to accelerate sustainable packaging solutions across the value chain

Zürich, Switzerland: Cleantech venture capital pioneer Emerald Technology Ventures announced Wednesday the addition of a new limited partner (LP), Huhtamaki, a Finnish provider of sustainable packaging solutions, into its fund. The move signifies Emerald’s growing clout in an industry moving rapidly toward a circular, low-carbon model. In packaging, Emerald aims to promote efforts to green the entire value chain, including via low-carbon feedstocks, new business models, digitization and more. Existing Emerald partners looking for packaging solutions include Beiersdorf, Chevron, Henkel, Nestlé and WM.

Emerald’s LPs have bold ambitions in sustainability that these partnerships will help them realize. Huhtamaki intends to make 100% of its products recyclable, reusable or compostable by 2030. By then, the company hopes to source all its raw fiber from recycled or certified sources, contributing to its goal of achieving net-zero emissions in its production processes.

Emerald boasts a rich track record in packaging and raw materials innovation, including the launch of a major new fund devoted to packaging sustainability in April of this year. Its unique role connecting startups with established corporations helps scale solutions to thorny problems in decarbonization, waste reduction, circularity and other fields.

“We are thrilled to be working with Huhtamaki and other major players in the push to transform the packaging sector,” says Gina Domanig, Emerald Managing Partner. “Packaging is a vital part of our modern commercial landscape, and we are excited to help develop sustainable solutions which ensure that innovation in packaging has a positive impact.”

“We embed sustainability in everything we do and are happy to invest in Emerald’s sustainable packaging fund as it is aligned with our strategic priorities,” says Charles Héaulmé, President and CEO at Huhtamaki. “We look forward to working with Emerald, whose expertise and global reach will help us explore new possibilities to create value for our customers and shareholders, as well as our employees and the planet.”

Huhtamaki Press Release 

About Emerald Technology Ventures

Emerald is a globally recognized venture capital firm building a sustainable future at the crossroads of industry and technology. Founded in 2000, it is a pioneer in open innovation, providing multi-national corporations with rich deal flow and insight in the sectors and markets of tomorrow. Emerald has managed and advised assets of over €1 billion from its offices in Zurich, Toronto and Singapore. The firm is dedicated to tackling big challenges in climate change and sustainability via over 500 venture transactions and five third-party investment mandates, including loan guarantees to over 100 start-ups. www.emerald.vc



About Huhtamaki 

Huhtamaki is a key global provider of sustainable packaging solutions for consumers around the world. Our innovative products protect on-the-go and on-the-shelf food and beverages, ensuring hygiene and safety, driving accessibility and affordability, and helping prevent food waste. We are committed to achieving carbon neutral production and designing all our products to be recyclable, compostable or reusable by 2030. We are a participant in the UN Global Compact and EcoVadis has awarded Huhtamaki with the gold medal for performance in sustainability. To play our part in managing climate change, we have set science-based targets that have been approved and validated by the Science-Based Targets initiative.
With 100 years of history and a strong Nordic heritage we operate in 37 countries and 113 operating locations around the world. Find out more about how we are protecting food, people and the planet at www.huhtamaki.com.