The Singapore state-owned Temasek Holdings

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  • 13 Nov 2019
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Temasek Sets 2030 Target for Its Portfolio to Halve Greenhouse Emissions

The Singapore state-owned Temasek Holdings, with assets totalling $376 billion, announced today that it aims to halve the greenhouse gas emissions of its entire portfolio by 2030. It will also report on its usage of water, paper, electricity and air miles starting this financial year – and its chief executive Ho Ching has asked other businesses to do likewise by the next financial year. To meet its 2030 ambitions, Temasek is pushing clean energy and ESG – initiatives. Last month, it said it was considering setting up a new unit to house renewable power projects as it increasingly eyes investments outside of fossil fuels. According to the Ms Ho, Temasek has been investing in solutions for a cleaner, cooler and more sustainable world, including plant-based proteins and better fertilisers. She adds that while global warming is a challenge that businesses cannot avoid, it’s also an opportunity for better business and the first step in reporting on electricity and transport consumption could be helpful to improve efficiencies, reduce cost, mitigate risks, or find new opportunities.

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