Greiner is to become a strategic investor in Speedinvest’s new climate technology fund.
Kremsmünster, November 30 2021. Greiner is expanding its commitment to climate protection and is investing in Speedinvest’s newly established Climate & Industry Opportunity Fund.
As Greiner CEO, Axel Kühner, explains, “ We are convinced that technological innovation is a key factor in the fight against the climate crisis and Greiner itself is in a transformational phase on the road to carbon neutrality and a circular economy. We see Speedinvest as an important and highly competent partner for the further advancement of our sustainability efforts and hence our ability to make an additional eco-social contribution.”
The Climate & Industry Opportunity Fund is endowed with 80 million euros and aims to provide long-term support to the sustainability-focused companies in Speedinvest’s portfolio. These include start-ups such as TWAICE, Packhelp, Planetly, TIER Mobility, Schüttflix and Sylvera.
As a strategic investor, Greiner will have accessibility to Speedinvest’s Corporate Investor Program. Among other aspects, this will mean access to deal flow and thus a direct influence upon the fund's portfolio, as well as exclusive accession to the technologies of the European climate tech start-ups in which Greiner invests.
Marie-Helene Ametsreiter, Speedinvest’s General Partner, “Greiner is an innovative and successful company in the plastics and foam sector and we are therefore delighted to welcome it as a core investor. We envisage many exciting links in the manufacturing and supply chain fields and in particular, we wish to advance recycling and decarbonization with smart new technologies and materials.”
Climate protection commitment
In 2015, Greiner became one of the first companies in its industry to present a comprehensive sustainability strategy. Moreover, in 2020 it published its Blue Plan, which is an even more ambitious program in this field (https://sustainability-report.greiner.com/2020/en/). The objective is to make the company climate-neutral by 2030 and to establish a functioning circular economy for plastics and foams. In the area of climate protection, in cooperation with the WWF, Greiner has committed itself to introduce science-based targets by 2023 at the latest and increase its use of renewable energies to 90 percent in the coming years.