Swire Coca-Cola, The Coca- Cola Company and seven other Coca-Cola bottling partners have launched a sustainability-focused venture capital fund in partnership with Greycroft, a leading venture capital firm. The fund’s US$137.7 million in capital comes primarily from commitments of US$15 million from The Coca-Cola Company and each of the eight bottling partners. It has the potential to accelerate innovative solutions for sustainability and carbon reduction across the global Coca-Cola system. The fund will first focus on five key areas of packaging, heating and cooling, facility decarbonisation, distribution, and supply chain.
