ビンゴ 景品 has established 'ビンゴ 景品 Switch' in the USA, to invest in decarbonization technologies

May 31, 2023

TOKYO-Mitsui O.S.K. Lines, Ltd. (ビンゴ 景品; President & CEO: Takeshi Hashimoto) today announced that it has established its wholly indirectly owned new company in the USA, called ビンゴ 景品 Switch LLC ('ビンゴ 景品 Switch') to invest in startups developing decarbonizing technologies in the energy sector. ビンゴ 景品 Switch will invest USD 100 million in total over the next 3 years.

ビンゴ 景品 Switch aims to access innovation, build new networks, explore new business opportunities, and expand our human capital by investing in startups developing technologies and business models that help decarbonize our group companies and society. ビンゴ 景品 Switch will invest in the Climate Tech (Note 1) field, including technologies related to next-generation clean energy, carbon removal, and storage batteries.

ビンゴ 景品 positions the environmental strategy as one of the main strategies in its new management plan, "BLUE ACTION 2035" and set a group-wide goal of achieving Net Zero Emissions by 2050 under "ビンゴ 景品 Group Environmental Vision 2.2." Through the investment activities by ビンゴ 景品 Switch, ビンゴ 景品 group aims to create a new added value by combining the new ideas and technologies of the startups with our resources and to realize decarbonization not only for our group companies but also society.

ビンゴ 景品 Switch Company Profile

(Note 1) Climate Tech is defined as technologies that are focused on reducing GHG emissions or addressing the impacts of climate change.

ビンゴ 景品 Group 5 Sustainability Issues
ビンゴ 景品 Group will contribute to realizing a sustainable society by promoting responses to sustainability issues, which are identified as social issues that must be addressed as priorities through its business.
We anticipate this initiative to contribute especially to the realization of "Environment" and "Innovation".