Temasek's green push taps into Singapore's sustainability focus, China's carbon neutral drive
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In 2019, Singapore’s Temasek Holdings, one of the world’s most influential state investors, unveiled plans to halve the greenhouse gas emissions attributable to its portfolio assets by 2030. Last year, the firm – which has majority control over the lTemasek's green push taps into Singapore's sustainability focus, China's carbon neutral drive
In 2019, Singapore’s Temasek Holdings, one of the world’s most influential state investors, unveiled plans to halve the greenhouse gas emissions attributable to its portfolio assets by 2030. Last year, the firm – which has majority control over the likes of Singtel, DBS Bank and Singapore Airlines – said it hoped to achieve the vaunted goal of zero net emissions in its portfolio by 2050. Chief executive Ho Ching, who will hand over the reins to Dilhan Pillay Sandrasegara in October, at the time said the company was studying “how we can shape a carbon-neutral portfolio sooner than later”. With Tuesday’s (April 13) announcement that Temasek is teaming up with American firm BlackRock, the world’s biggest asset manager, to fund and invest in companies seeking to help achieve global net-zero emissions by the middle of the century, observers say it is becoming clear the Singaporean state investor is serious about its climate ambitions. Read more