NYK to Invest in Climate Tech Growth Fund

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

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

NYK has launched its new “NYK GREEN EARTH” brand to emphasize NYK’s ESG efforts to create new value initiatives for low carbon and decarbonization through green businesses. The NYK Group will encourage new value creation as a sustainable solution provider in order to strongly promote ESG management.

On March 10, 2023, the NYK Group released its medium-term management plan “Sail Green, Drive Transformations 2026 — A Passion for Planetary Wellbeing.” The NYK Group is promoting growth strategies with ESG at the core, based on the Group’s basic philosophy of “Bringing value to life” and a new corporate vision for 2030, which reads, “we go beyond the scope of a comprehensive global logistics enterprise to co-create value required for the future by advancing our core business and growing new ones.”

Source: Nippon Yusen Kaisha