Sony Innovation Fund Launches ESG Initiative Support Program for Investees
TOKYO, June 2, 2021 /PRNewswire/ -- Sony Innovation Fund, a corporate venture capital arm of Sony Group Corporation (hereafter "Sony"), today announced that it has developed an Environmental, Social and Corporate Governance (ESG) evaluation process for its portfolio companies and launched a program to support each company's ESG efforts.
- TOKYO, June 2, 2021 /PRNewswire/ -- Sony Innovation Fund, a corporate venture capital arm of Sony Group Corporation (hereafter "Sony"), today announced that it has developed an Environmental, Social and Corporate Governance (ESG) evaluation process for its portfolio companies and launched a program to support each company's ESG efforts.
- Sony Innovation Fund believes that tackling ESG issues from an early stage is the key to the long-term and sustainable corporate value enhancement of each portfolio company.
- By regularly measuring ESG scores before and after investment and giving feedback to portfolio companies, Sony Innovation Fund will contribute to improving the understanding of ESG by each portfolio company and support their further implementation of ESG initiatives.
- In April 2021, Sony created Sony Innovation Fund: Environment, an investment fund for companies engaged in technological development that contributes to global environmental issues such as climate change, resources, chemical substances, and the improvement of biodiversity.