KDDI in collaboration with SBI Investment will establish the 'KDDI Green Partners Fund' which will invest in startup companies to tackle a wide range of issues related to climate change, announced KDDI recently.
The Green Fund plans to invest approximately 5 billion yen over the next five years in order to contribute to the carbon neutrality goals of KDDI and society. The 'KDDI GREEN PLAN 2030' announced in July 2021 sets a CO2 emission target for FY2030 at a 50% reduction compared to fiscal year 2019 and KDDI is promoting initiatives aimed at virtually zero CO2 emissions by 2050.
In addition, the 'KDDI Open Innovation Fund' and 'KDDI ∞ Labo', with the support of start-up companies and business development through co-creation with various partner companies, KDDI has been working on combining innovative ideas and advanced technologies.
KDDI believes that co-creation with partner companies is crucial to realize a sustainable society. KDDI can leverage its strength of innovation with start-up companies, as well as various sourcing capabilities such as investment project support provided by SBI Investment Co., Ltd. We will establish a fund that makes use of our deep investment experience.
The Green Fund will allow start-up companies working on decarbonization technology, and recycling services that can be deployed across industries, to utilize KDDI's wide variety of assets - not limited to the energy domain - that are directly linked to CO2 emission reduction. By doing so, KDDI aims to realize a resilient future society through co-creation.
