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Lombard Odier preparing circular plastic fund

Sustainable investing 3Lombard Odier Investment Managers (LOIM) is joining up with The Alliance To End Plastic Waste to launch a fund targeting the circular economy and a decrease plastic waste.

The fund will aim to raise $500 million from institutional and other accredited investors for scalable solutions to remove plastic waste from the environment, increase recycling, and drive a global transition towards a circular economy for the plastic value chain.

The Alliance To End Plastic Waste, a global non-profit working towards ending plastic waste pollution in the environment, will serve as a cornerstone investor in the fund.

This organisation has mandated LOIM to build and manage the fund with the objective of generating positive environmental, social, and economic impact together with attractive financial returns.

The fund will aim to target key themes which can directly contribute to a circular economy for plastic and accelerate opportunities in overall waste management, including collection and sorting infrastructure, technology-enabled recycling infrastructure, design solutions for improved plastic durability, reuse, and recyclability.

It will also aim to drive innovation in plastic chemistry and production.

Jean-Pascal Porcherot, co-head of LOIM and managing partner of the Lombard Odier Group, said: “LOIM is proud to be partnering with the Alliance to build and manage a ground-breaking fund that addresses the plastic circularity issue with true solutions.

“[This strategy] will target opportunities across all segments of the private equity spectrum - including direct and co-investments investments - with the objective to reduce plastic waste issues worldwide and deliver attractive financial returns and sustainability outcomes.”

According to industry estimates, the transition to a circular value chain for plastic packaging represents a potential $1 trillion global economic opportunity by 2030.

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