Nestlé is seeking to strengthen its green credentials by joining a €201 million fund backing start-ups working to clean up the world’s oceans.

The world’s biggest food and drinks company, whose brands include Perrier and S Pellegrino mineral water, has invested in a closing round of Ocean 14 Capital Fund, alongside institutional backers including HQ Capital and The Green Earth Impact Fund managed by Schroders and BlueOrchard.

Dan Smith, of Nestlé Purina’s global business unit, said: “The world’s oceans have suffered from overfishing, pollution and climate change, resulting in the dramatic loss of marine habitats.

Ocean 14 is a visionary partner and together, we aim to drive innovation and create positive change by preserving and harnessing the power of the ocean’s resources.”

To read the full article in The Times, click here.

To read the Press Release, click here.