NYK to invest in Climate Tech Growth Fund

NYK has signed an agreement to invest in the Marunouchi Climate Tech Growth Fund, a new investment fund that will finance and grow climate tech startups contributing to decarbonization.

Financing will occur through Marunouchi Innovation Partners (MIP), which is owned by Mitsubishi Corporation (MC), MUFG Bank (MUBK), and Pavilion Private Equity (PPE).

NYK has established a long-term target of net-zero emissions of greenhouse gas (GHG) by 2050 for the NYK Group’s oceangoing businesses. Further, in its new medium-term management plan “Sail Green, Drive Transformations 2026 — A Passion for Planetary Wellbeing,” NYK sets forth its intention to carry out active up-front investment towards GHG reduction.

Through its participation in the Fund, NYK will seek to implement co-creation with startups introducing epoch-making ideas and technologies, and will aim to achieve decarbonization of its business and the creation of new business to add value to society.

Photo credit: iStock/ sleepyz. NYK Hikawa Maru ship, Yokohama, Tokyo, Japan, February 20, 2017.

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