Sumitomo Mitsui Banking Corporation (SMBC) has invested in the Japan Hydrogen Fund as a major limited partner (LP). Sumitomo Mitsui DS Asset Management (SMDAM) will also provide fund management services.
SMBC made this investment through the Social Value Creation Investment Fund, which is part of SMBC Group and supports customers in starting new businesses, developing new technologies, and boosting industries.
Fund Management
The Japan Hydrogen Fund will be managed by SMDAM, Advantage Partners (AP), and The Japan Hydrogen Association (JH2A). SMDAM will handle fund management and sustainable investment evaluations, AP will give investment advice and operational support, and JH2A will encourage collaboration among its members.
Sustainable Investment Focus
SMDAM emphasizes the importance of sustainable investment, considering financial and non-financial information such as sustainability. This approach ensures a stable, long-term outlook for each business.
Hydrogen Supply Chain
The Fund aims to build a hydrogen supply chain in Japan and globally. It will finance hydrogen-related companies and projects by collaborating with public and private institutions. On June 6, 2024, Japan’s Ministry of Economy, Trade and Industry (METI) set up an IPEF Window within the Fund to foster public-private collaboration in the Indo-Pacific Economic Framework for Prosperity (IPEF).
