Zürich, Switzerland: Mitsui Fudosan, Japan’s leading real-estate developer, has joined Emerald’s industrial transformation fund as a limited partner. The alliance is meant to help Mitsui Fudosan decarbonize its operations and upgrade its digital capabilities.
Mitsui Fudosan aims to reduce its greenhouse gas emissions by 40% by 2030 and achieve net-zero status by 2050, in line with Science Based Targets initiative goals to limit global warming to well-below 2°C. It intends to do this via a comprehensive plan that includes improving the environmental performance of new and existing properties; securing renewable energy assets, including developing solar plants in-house, to power its operations; and providing green power for its tenants.
Emerald’s time-tested open innovation model will spur Mitsui Fudosan’s transformation by helping it connect with small companies and startups working at the cutting edge of these spaces. Emerald will look for stellar performers that can boost Mitsui Fudosan’s sustainability, digital intelligence and automation, improve its products and services, and find new business opportunities, among other ambitions. 31VENTURES, Mitsui Fudosan’s corporate venture capital arm, has dedicated more than ¥43.5 billion ($321 million) to such investments.
Emerald regularly works closely with large conglomerates looking to get ahead of the curve in sustainability and related innovations. Its activity in Japan has accelerated in recent months with the addition of Murata, SEKISUI and Mitsubishi Chemical. Find out more about Emerald’s unique value proposition for Japanese industrial corporations here and here.