IWATA, Japan–(BUSINESS WIRE)–June 20, 2022–
Yamaha Motor Co., Ltd. (TOKYO: 7272) is pleased to announce today that it has established the Yamaha Motor Sustainability Fund to invest in companies working to solve environmental issues. This is a new initiative that enables carbon offsetting in addition to reducing CO2 levels and the environmental footprint of our existing operations. The fund has a total investment value of $100 million and will be managed for a period of 15 years.
Yamaha Motor Headquarters in Japan (Photo: Business Wire)
Yamaha Motor’s corporate mission is “to bring new thrills and more fulfilling lives to people around the world,” and environmental initiatives are among the most important themes to achieve this mission. Through this fund, Yamaha Motor intends to foster collaborative relationships with the many companies striving to solve environmental problems and to contribute as a like-minded partner to creating a better world all by mutually improving the activities of each company.
In 2015, the Company established Yamaha Motor Ventures (YMV)* in Silicon Valley, USA, and the Yamaha Motor Exploratory Fund, LP as its own investment fund in 2018. This fund aims to make exploratory investments in start-ups to create new businesses.
In the new Mid-Term Management Plan (2022-2024) announced in February this year, Yamaha Motor has made strengthening its sustainability efforts a central theme in addition to growth strategies and strengthening the foundations of management that the company has pushed to date. . The Company is exploring new technologies and business models that contribute to sustainability to accelerate the carbon offset efforts needed to achieve its carbon neutral goals.
*Yamaha Motor Ventures & Laboratory Silicon Valley Inc. (YMVSV) when founded, but renamed Yamaha Motor Ventures (YMV) in 2022.
|
Last name |
Yamaha Engine Sustainability Fund, LP |
|
Establishment |
June 2022 |
|
Total fund amount |
$100 million |
|
Fund period |
15 years old |
|
Investment objective |
Startups working to solve environmental problems |
Corporate Communication Department
KEYWORD: CALIFORNIA UNITED STATES JAPAN NORTH AMERICA ASIA PACIFIC
INDUSTRY KEYWORD: PROFESSIONAL SERVICES HARDWARE MOTORCYCLES ENVIRONMENTAL ISSUES SUSTAINABLE DEVELOPMENT TECHNOLOGY START-UP SOCIALLY RESPONSIBLE INVESTING AUTOMOTIVE ENVIRONMENT AUTOMOTIVE MANUFACTURING ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) MANUFACTURING
SOURCE: Yamaha Motor Co., Ltd.
Copyright BusinessWire 2022.
PUBLISHED: 06/20/2022 10:00 PM / DISK: 06/20/2022 10:02 PM
