Sony Establishes “Sony Innovation Fund: Environment” to Nurture Ventures Specializing in Environmental Technology
Sony Corporation (hereafter “Sony”) established the corporate venture capital fund, “Sony Innovation Fund: Environment,” in September 2020, to nurture ventures specializing in new environmental technology.
Sony's long-term vision is to achieve a “zero environmental footprint” by 2050 throughout the life cycle of its products and business activities. In addition, Sony plans to promote activities that will have a positive impact on the global environment through technology and business. As part of this initiative, Sony Innovation Fund: Environment, Sony's third corporate venture capital fund, will focus on supporting companies that are developing technologies to address global environmental issues such as climate change, resources, chemical substances, and biodiversity. The fund will start by investing 1 billion yen primarily in seed- to early-stage startups, but a further expansion in scale is being considered in the future depending on the level of activity. From a long-term view, Sony aims to achieve both a contribution to the global environment as well as a return on investment. In addition, all of the Sony Innovation Fund’s funds are planning to add ESG to their investment evaluation criteria.
Access full press release: https://www.sony.net/SonyInfo/News/Press/202009/20-078E/
For further information: Corporate Communications Department Sony Corporation Sony.Prhq@jp.sony.com