Tokyo Metropolitan Government-backed Awards Reflect High Regard for Corporate Venture Capital Initiative

Mitsui O.S.K. Lines,  announced that its wholly owned corporate venture capital  arm MOL PLUS , was the first shipping company to be honored in the Tokyo Financial Award , earning a top spot in the sustainability category.

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”.

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.