Temasek Announces S$5 Billion Climate Impact Platform

Singapore-based sovereign wealth fund Temasek has launched an investment platform, GenZero, which aims to accelerate decarbonisation globally and deliver a positive climate impact. Temasek, which has a net portfolio of US$283 billion, has committed an initial S$5 billion (US$3.6 billion) which will be invested globally in technology- and nature-based solutions as well as carbon ecosystem enablers. GenZero has already partnered with firms including Blackrock, Newlight, Climate Impact X and Global EverGreening Alliance and the project will be led by CEO-designate Frederick Teo. Temasek International’s Chief Sustainability Officer, Dr Steve Howard, said: “GenZero expands Temasek’s focus on deploying capital to catalyse solutions for a better world. Achieving net zero globally will require deployment of around US$5 trillion annually by 2030, to rapidly adopt and commercialise sustainable energy solutions. Its flexible approach will enable it to catalyse near- and long-term solutions to support ongoing efforts to achieve net zero globally.” 

 

The practical information hub for asset owners looking to invest successfully and sustainably for the long term. As best practice evolves, we will share the news, insights and data to guide asset owners on their individual journey to ESG integration.

Copyright © 2024 ESG Investor Ltd. Company No. 12893343. ESG Investor Ltd, Fox Court, 14 Grays Inn Road, London, WC1X 8HN

To Top