TOKYO—Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) today announced that its wholly owned corporate venture capital (CVC) arm MOL PLUS Co., Ltd. (CEO: Takuya Sakamoto; Headquarters: Minato-ku, Tokyo Note 1), was the first shipping company to be honored in the Tokyo Financial Award (Note 2), earning a top spot in the sustainability category.
Left: MOL PLUS CEO Takuya Sakamoto; right: Tokyo Governor Yuriko Koike
At the awards ceremony held on March 3, four companies selected from among 109 applicants were honored as recipients in the “Sustainability Category” for their financial activities (covering a wide range of activities such as investment and financing) that have contributed to the realization of a sustainable society, and MOL PLUS was recognized as a recipient in the “Sustainability Category.”
Group photo of Tokyo Financial Award recipients Presentation by CEO Sakamoto
The MOL Group aims to solve sustainability issues and achieve sustainable development in cooperation with society through its BLUE ACTION 2035 management plan. MOL PLUS, which invests in startup companies and promotes collaboration with the MOL Group as its CVC arm, earned high marks for its promotion of ESG investment and SDGs practices, with investments focused on the environmental and sustainability fields.
Leveraging the global network and resources that only a shipping company can offer, Tokyo-based MOL PLUS develops investment activities all over the world. MOL PLUS promotes collaboration with the MOL Group over the medium to long term without setting a fund period, to contribute to the realization of a sustainable society.
MOL PLUS continually works to generate synergetic effects based on startup companies’ innovative ideas and technologies and the MOL Group’s resources through investment in and collaboration with startups, aiming to create new businesses PLUS new value for the ocean shipping industry and society.
(Note 1) MOL press release
(Note 2) About the Tokyo Financial Award
The Tokyo Metropolitan Government (TMG) announced the "Global Financial City: Tokyo" Vision, which outlines the image of the city that Tokyo should aspire to and the specific measures that should be implemented in order for Tokyo to shine as a world-class global financial city. Since 2018, the TMG has been hosting the “Tokyo Financial Award (TFA)” to recognize financial institutions developing and providing innovative financial products and services that contribute to solving the needs of the residence of Tokyo, as well as financial institutions working to promote sustainable finance.
For inquiries about the TFA, click below: TOKYO FINANCIAL AWARD 2024.
For more information, please contact:
Mitsui O.S.K. Lines, Ltd. Corporate Communications Division, Media Relations Team
Email: mrtmo@molgroup.com /TEL: +81-3-3587-7015
MOL PLUS Co., Ltd.
Email: molplus@molgroup.com /TEL: +81-3-3587-7643
Website: https://en.molplus.net/