Temasek favours firms with clear green goals

Clean equity: People in Singapore’s central business district. The country’s investment company Temasek invests with the future generation in mind, making sure it sees where things are headed and that its portfolio companies are future-proof. — AFP

SINGAPORE: Singapore investment company Temasek is steering its strategy towards companies with clear decarbonisation plans and sustainable business models, with a goal to secure long-term profits.

“The success of our portfolio companies is effectively our success. Them being resilient and them creating sustainable value ultimately comes back to our returns,” Temasek managing director for sustainability Park Kyung-ah said in an exclusive interview with The Straits Times.“Our remit is so every generation prospers, so when we do well, that helps Singapore’s future generations as well.”