Final answer:
The Closed Loop Fund is a social impact fund launched with Walmart's help to invest in recycling infrastructure and innovation. It aims to reduce landfill waste by financing projects that improve recycling systems and develop new technologies and processes.
Step-by-step explanation:
The Closed Loop Fund is a fund that was launched with the help of Walmart. It is a social impact fund that aims to invest in recycling infrastructure and innovation to reduce landfill waste. The fund provides financing to municipalities and companies to improve recycling systems and develop new technologies and processes.
For example, the Closed Loop Fund may provide funding for a city to upgrade its recycling facilities or for a company to develop a new method for recycling plastic. By investing in these projects, the Closed Loop Fund aims to create a more sustainable and circular economy, where materials are reused and recycled instead of being thrown away.
This initiative demonstrates Walmart's commitment to sustainability and environmental responsibility, as it seeks to reduce waste and promote recycling across its supply chain.