Sainsbury’s seeks to invest in sustainable technology start-ups
UK: Supermarket group Sainsbury’s says it will invest a minimum of £5m over the next four years in start-up businesses commercialising innovative, sustainable technologies.
From refrigeration to ventilation, Sainsbury’s says this venture will invest in start-up companies with “proof of concept” technologies that reduce carbon emissions and water usage across the retailer’s operations, as well as the wider sector.
Sainsbury’s is partnering with Williams Advanced Engineering, who will scout and invest into early-stage companies, not limited to the Sainsbury’s supply chain. The first investment is expected to be announced before the end of this year.
The announcement is said to mark another phase in Sainsbury’s extensive investment towards achieving net zero in its own operations by 2035, having already made significant progress reducing operational emissions.
Sainsbury’s Innovation Investments is said to be part of Sainsbury’s ongoing partnership with Williams Advanced Engineering, the suppliers and installers of the innovative Aerofoil technology to its fridges in-store since 2017.
Sustainable technology businesses can apply here.