News
Ecolab Invests $10M in WaterEquity Fund
March 27, 2023
Ecolab Inc. has announced a US$10 million investment in the WaterEquity Global Access Fund IV.
The fund is overseen by WaterEquity, an impact investment asset manager co-founded by actor Matt Damon, The Minneapolis Star Tribune reports. The $140 million WaterEquity Fund aims to provide safe drinking water to more than five million people worldwide. Other contributors to the fund include such companies as Starbucks Corp., The Gap Inc., and Reckitt, parent company of Reckitt Professional, as well as a $100 million commitment from the U.S. International Development Finance Corp.
“As a global water leader who helps customers manage 1.1 trillion gallons around the world, Ecolab believes that water stewardship and sustainable business growth must go hand in hand,” said Emilio Tenuta, Ecolab chief sustainability officer.
About Ecolab
With annual sales of US$14 billion and more than 47,000 associates, Ecolab Inc. specializes in cleaning, sanitizing, food safety, and infection prevention products and services in more than 170 countries. For more information, visit www.ecolab.com.
