Green Transformation

Driving change to build a sustainable world, linking business to the planet's future

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Sparking behavioural innovations for a decarbonised society around the world.

Climate change is a critical issue impacting both society and the planet's future. Despite growing action from individuals, companies, and countries, current efforts are insufficient, and we are nearing an irreversible tipping point. A future of extreme weather or a sustainable, healthy world? We must act now to ensure we can say, "We're fortunate to have left a good planet for the future."

Advancing Sustainable Implementation by Recognizing the Global Environment as Critical Capital

Climate change driven by global warming represents one of the most serious and undeniable crises facing humanity.
In recent years, record-breaking heavy rainfall, droughts, heatwaves, and wildfires occurring around the world have threatened our livelihoods and destabilized ecosystems. These phenomena are fundamentally linked to the widespread use of fossil fuels since the Industrial Revolution, which has led to the massive accumulation of greenhouse gases in the atmosphere.
To safeguard the future of our planet, it is essential to vigorously promote Green Transformation (GX) on a global scale—reconciling economic growth with environmental preservation while fundamentally transforming industrial and social structures.
Since its founding, ICMG Group has focused on intellectual capital—the non-financial value that does not appear on financial statements. This perspective aligns closely with the core principles of GX.
At the heart of GX lies the recognition of the global environment as vital capital—an asset that must be sustained and passed on responsibly to future generations.
Environmental initiatives should therefore not be viewed merely as costs, but as investments in cultivating the “soil” that enables long-term social value and community value creation.
This non-financial perspective is essential to realizing sustainable transformation.
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ICMG Group’s GX Model Integrating Profitability and Social Impact

The GX model advocated by ICMG Group maximizes not only financial capital, but also non-financial capital—including the global environment, human capital, and customer networks.
By collaborating closely with diverse stakeholders, we aim to co-create new business models and value that contribute to solving climate change challenges.
Our approach seeks to achieve both sustainable profitability and meaningful social impact. It is not limited to specific companies or industries. Rather, through ecosystems in which diverse actors collaborate and co-create, we bring together technology, expertise, and deep insight into social issues to drive transformative innovation.
To date, ICMG Group has expanded beyond the traditional boundaries of consulting. We have partnered with startups leading Direct Air Capture (DAC) technologies and established joint ventures in next-generation energy and infrastructure sectors, including Greenway Grid Global and CleanGrid Partners. Through these initiatives, we actively engage not only as advisors but also as business operators committed to realizing GX.
ICMG Group goes beyond advocating GX grounded in intellectual capital.
Through deep commitment to implementation, we accelerate effective and practical social deployment. By integrating consulting, business investment, and collaboration with diverse partners, we contribute to building a sustainable society.

Practical Wisdom in Green Transformation (GX)

ICMG’s GX in Action

Value Creation through Electrification in the Philippines – CleanGrid Partners

ICMG Group advances long-term, sustainable value creation by investing in innovations that reconcile economic growth with environmental and social responsibility. In particular, we promote investments and partnerships in clean energy infrastructure and smart grid technologies to help build a low-carbon and resilient future across the Asia-Pacific region.
A key vehicle driving this initiative is CleanGrid Partners (CGP)—a distributed clean energy investment platform jointly established by ICMG Group and WEnergy Global. CGP subsequently received investment from Greenway Grid Global (GGG) and strategic support from TEPCO Power Grid, Inc. Founded in 2018, this joint venture is dedicated to developing, building, owning, and operating renewable energy microgrids and distributed energy systems throughout Southeast Asia.
CGP addresses two interrelated global challenges: the urgent need for climate action and the persistent gap in sustainable energy access in remote and underserved communities. By deploying hybrid microgrids that integrate solar power generation, energy storage, and smart distribution networks, CGP delivers reliable, affordable, and sustainable electricity to regions that have historically depended on diesel generation—or had no grid access at all.
In FY2024, CGP achieved significant progress in both project development and impact creation. Notably, the company expanded its operations in the Philippines—a market with strong potential for distributed energy solutions—moving multiple projects from design into execution. Pilot sites have already demonstrated measurable environmental and socio-economic benefits.
One flagship initiative is the Sabang Project in Palawan, Philippines, which has electrified the town of Sabang in Barangay Cabayugan, contributing to improved quality of life and community development. The project includes the development and deployment of a 2.4 MW hybrid power plant and a 14 km smart grid system, supporting sustainable growth in the region. Environmental stewardship remains a priority, with rigorous sustainability and environmental impact assessments conducted to avoid unnecessary ecological harm.
CGP exemplifies ICMG Group’s integrated approach—where financial and non-financial capital converge to generate systematic, long-term impact. Natural capital is enhanced through renewable energy deployment; human and social capital are strengthened through community empowerment enabled by electrification; and financial capital is created through sustainable investment models.
Furthermore, through our strategic partnership with TEPCO Power Grid, CGP maximizes intellectual capital by leveraging Japanese-quality engineering and digital solutions to optimize system performance and resilience.
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Challenges Our Clients Face

OPPORTUNITY

I want to be involved in the creation of local businesses through public-private partnerships through carbon-negative initiatives.

OPPORTUNITY

Material prices are skyrocketing CO₂ alternatives are needed.

CHALLENGE

No effective solution for negative emissions has been found.

How did we help?

ICMG is working on social implementation of Direct Air Capture (DAC, Direct Air Capture), one of the negative emission technologies that are said to be essential for solving climate change issues. By collaborating with a DAC startup in the U.S. and introducing DAC equipment to Japanese companies, we will contribute to our customers' carbon neutrality and promote the establishment of a circular carbon economy by providing clean CO2
Decarbonized management can only have a positive impact, and we expect DAC to be an initiative to change the concrete production process.

Domestic Concrete industry

Our Services

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DAC solution utilisation and implementation projects

Direct Air Capture (DAC) technology is being used to directly capture carbon dioxide from the atmosphere and store it underground and to reuse the captured carbon dioxide as a resource with the aim of creating new businesses to help solve this difficult problem.

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Clean and sustainable infrastructure development projects

Building world-class solutions that deliver clean, reliable, and affordable electricity for consumers and local communities. At the same time, these initiatives contribute to improving electricity access in underserved and unelectrified areas, revitalizing local economies, and promoting the sustainable use of energy.

Our Presence

60000t2030 CO2 recovery contribution target
$53M+Total capitalisation of the Joint Venture
5Number of Supported Pieces

Our Joint Ventures

Not only by accompanying but by becoming "practitioners" ourselves, We will innovate and confront social challenges together with wilful leaders.

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Greenway Grid Global Pte Ltd

A joint venture established in Singapore by TEPCO Power Grid, Chubu Electric Power’s power transmission and distribution division, and ICMG Group. This joint venture in the power transmission and distribution sector was established following the merger of the power generation divisions of TEPCO and Chubu Electric Power Company (JERA), Japan’s largest electric power company. JERA is engaged in the development, investment, and operations of overseas power transmission and distribution projects in Asia, as well as renewable energy and next-generation infrastructure.

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CleanGrid Partners Pte. Ltd.

A joint venture between WEnergy Global Pte Ltd and ICMG Group. Manages renewable energy funds in collaboration with local partners.

Our Experts

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We are on a course for growth, together.

Gen Funahashi

ICMG Group CEO, Group COO

ICMG Ventures CEO

ICMG Co-Creation Fund General Partner

Keizai Doyukai

Singapore FSA Certified Fund Manager

B.A. in Economics, Waseda University

Boston University Economics

At Deloitte, he was involved in cross-border M&A of manufacturing clients in the US and UK. He has also managed aerospace and healthcare funds at ACA Investments, a private equity fund in Singapore. He then launched CleanGrid Partners and Greenway Grid Global, joint ventures with Tokyo Electric Power Company and Chubu Electric Power Company to invest in renewable energy and next-generation infrastructure to supply electricity to un-electrified areas in Southeast Asia. He also managed the ICMG Co-Creation Fund No. 1, a venture capital fund started with Haneda Airport and Kiriboshi Bank as LPs, and led the Fund No. 2 as the representative partner.In 2016, he moved to Singapore to oversee investments across Asia, including India, and has co-invested with top Asian VC firms such as Sequoia Capital, Google, Tiger Global Management, and Jungle Ventures. In 2023, he joined Keizai Doyukai (Japan Association of Corporate Executives).

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Achieving a Sufferer-Friendly Society in an Age of Divide and Conquer.

Isao Segawa

Director, ICMG Group

Greenway Grid Global Board Member

CleanGrid Partners Board Member

Kobe University

In 2005, after working for Staff Service Investment Co., Ltd. a leading business investment company in the recruitment industry, he became a director (and later the representative director) of OG Investment Co.He was in charge of business revitalization of restaurants, resort hotels, golf courses, and Japanese sake breweries, as well as investment in technology ventures, etc. He joined ICMG in 2012 and was appointed CFO while engaging in M&A and alliance business.

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Using DAC as a weapon, we will promote co-creation to stave off the climate crisis and pave the way for the creation of new industries.

Hidetoshi Kikuchi

ICMG Executive Officer

President, TEPCO i-Frontiers, Inc.Global Thermostat Japan PBC board member

B.S., Chemical Engineering, Kyoto University

He has 10 years of experience in sales, business planning, service development, and overseas business development at Recruit Co. He then joined ICMG's predecessor, Axell, from its inception.At ICMG, he is engaged in management, organizational reforms and new business creation projects for general electronics manufacturers, energy, automobiles, railroads, IT, materials, food, distribution, consumer goods, and broadcasting industries. He also has extensive experience in business incubation.

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We create something of value to society.

Hitoshi Funahashi

ICMG Group President, Founder and Group CEO

Chairman, Management and Intellectual Assets Subcommittee, Industrial Structure Council/New Growth Policy Subcommittee, Ministry of Economy, Trade and Industry

Vice-Chairman of the New Business Creation Committee, Vice-Chairman of the Stable Small and Medium-sized Enterprises Activation Committee, and Executive Director of the Economic and Social Friendship Association.

Senior Managing Director, Japan Innovation Network

MBA, Waseda University Graduate School, Ph.

Founder and President of ICMG Co. He has worked in a general trading company in the development and export of chemical products for overseas markets and handling national bidding projects, until he joined Recruit Co. Ltd. in 1987. After working in the Human Resources General Service Division and the New Business Development Office, he founded the Business Incubation Division in 1996. He then launched the magazine "Entre" and provided a variety of services including "magazine," "internet," "events," and "individual consulting" as support services for venture companies. In 2000, he founded Accel, Inc. as a successor to the business support project.In 2001, the company partnered with Intellectual Capital AB, a Swedish intellectual capital rating company, to license and develop a Japanese version of IC Rating®, a method for evaluating the actual value of a company that cannot be shown on its balance sheet. In 2003, he took a stake in the company, and in 2010, he made it a subsidiary. Today, ICMG is an advocate of intellectual capitalism that ensures fair and appropriate profits for corporate stakeholders, including management, employees, business partners, customers, and shareholders, and conducts research and practice of ICMG's unique "Intellectual Capital Management" method.

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Creating and Expanding the Co-Creation Ecosystem through International Finance

Yu Aruga

Director, CFO and Global Investment Executive, ICMG Group

Director, ICMG Ventures

Fund manager accredited by the Monetary Authority of Singapore

Member of the Securities Analysts Association of Japan

Certified Management Accountant

University College London M.A. in Urban Economic Development

He was in charge of fund raising, investment and liquidity management in Morgan Stanley's finance division. Later, as a founding member of the Singapore subsidiary of a boutique investment bank, he developed the corporate finance business model for Japanese, Indian, and Southeast Asian companies. He was involved in VC investments in India and advisory services for capital tie-ups to APAC companies.He was also in charge of sourcing and DD for the establishment of a global fund of funds. After that, he worked at Nomura Research Institute Singapore as a consultant in the smart city and agriculture fields, and as an advisor for investment in energy business, before joining ICMG Ventures. He is currently engaged in sourcing and DD of investment targets in Asia and networking with VC firms. He lives in Singapore.

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Imagine. Innovate. Interact. Connect to Co-Create.

Becoming innovation partners to co-create the future