Mitsui Fudosan joins Emerald’s industrial transformation fund as a limited partner

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 MurataSEKISUI and Mitsubishi Chemical. Find out more about Emerald’s unique value proposition for Japanese industrial corporations here and here.

About Emerald Technology Ventures

Emerald is a globally recognized venture capital firm building a sustainable future at the crossroads of industry and technology. Founded in 2000, it is a pioneer in open innovation, providing multi-national corporations with rich deal flow and insight in the sectors and markets of tomorrow. Emerald has managed and advised assets of over €1 billion from its offices in Zurich, Toronto and Singapore. The firm is dedicated to tackling big challenges in climate change and sustainability via over 500 venture transactions and five third-party investment mandates, including loan guarantees to over 100 start-ups.


About Mitsui Fudosan

Mitsui Fudosan is a fully integrated real estate developer founded in 1941 that handles the development and management of office buildings, residences, shopping malls, logistics properties, hotels, and resorts. With its unwavering spirit to take on challenges, the Group has contributed to new initiatives and value, such as completing construction for the Kasumigaseki Building as Japan’s first skyscraper in 1968 and LaLaport Funabashi Shopping Center as Japan’s first regional shopping center, which opened in 1981 and 50 Hudson Yards as one of the largest buildings in New York City in 2022.

Mitsui Fudosan undertakes various large scale real estate development projects, combining functions that go beyond basic planning for office buildings and residences. These projects include the fusion of city functions with its large-scale mixed-use facility Tokyo Midtown; unifying the government, private sector, and local community under the theme of “Proceeding to Create While Retaining and Reviving” within the Nihonbashi Revitalization Plan; and striving for the Kashiwanoha Smart City Project to become a world-class “Smart City” through partnerships in the public, private, and academic sectors. Mitsui Fudosan is also expanding business for office buildings, residences, shopping malls, and logistics properties in Europe, the United States and Asia with the aim of rapid growth in its overseas businesses.

Contact Mitsui Fudosan