Our T2030 Strategy

We focus on the construction of a resilient and forward-looking portfolio — one that can withstand exogenous shocks and perform through market cycles, while capitalising on growth opportunities with the potential for good sustainable returns above our risk-adjusted cost of capital over the long term.

To better manage complexities in a changing world, we anchor our activities in three portfolio segments, enabling greater clarity, focus, and discipline:

• Singapore-based Temasek Portfolio Companies 
• Global Direct Investments 
• Partnerships, Funds, and Asset Management Companies  

For more information on our portfolio construction, please click here.

Sustainability is a key contributor to strengthening institutional and portfolio resilience. We believe that we have a part to play in aligning our investment activities and institutional practices towards protecting our planet, uplifting our communities, and fostering an inclusive environment for our employees and partners alike.   

In 2019, with reference to the Intergovernmental Panel on Climate Change Special Report, we set an ambition to achieve net zero portfolio emissions by 2050, with an interim target of halving net emissions attributable to our portfolio by 2030 from 2010 levels.

Our climate strategy is threefold: 

1. Investing for a Low-Carbon Economy
2. Encouraging Decarbonisation Efforts in Our Portfolio Companies
3. Enabling Carbon Markets Solutions

In 2021, we set an internal carbon price of US$42 per tonne of carbon dioxide equivalent (tCO₂e) for the firm to embed the cost of carbon in our investment and operating decisions. It is applied to each investment to better assess the potential climate impact, thereby enabling a greater focus on the long-term climate resilience of our portfolio. Today, our internal carbon price is US$65 per tCO₂e. We expect to progressively increase this to US$100 per tCO₂e by 2030.

We apply an Environmental, Social, and Governance (ESG) framework across our investment process from pre-investment due diligence to post-investment activities. This enables us to better manage material risks, engage our portfolio companies to advance ESG practices, and strengthen portfolio resilience and alignment with our sustainability objectives. 

Beyond addressing climate challenges, we deploy capital to deliver measurable positive outcomes for underserved communities in emerging markets while generating sustainable long-term returns. Our impact investing strategy aims to address pressing challenges in areas such as healthcare, financial inclusion, and climate-related sectors. 

T-OS was built as a suite of specialised, next-generation capabilities which we believe will be essential skill sets for the future and could differentiate us as a value-adding investor and shareholder. 

By setting up Centres of Excellence in the areas of AI, Blockchain, Cybersecurity, Data & Digital, and Sustainable Solutions, we are able to:

• Offer common services and critical skill sets to others in our ecosystem
• Grow and develop specialised talents with economies of scale, and offer them a wide range of career pathways within our ecosystem
• Innovate new applications, business models, and ventures

We take an active approach to focus on our organisational and talent development to ensure we remain relevant for the long term. We continue to evolve our organisation design and structure for performance and accountability, while fostering an empowering environment in which our people can thrive.

Our talent agenda is aligned with our business strategy, ensuring we have a strong pipeline of next-generation leaders to help us stay competitive in a rapidly evolving business landscape. We develop diverse teams with multidisciplinary skill sets focusing on specialised and future-centric domains, enabling our people to take on increasingly complex challenges.

Workforce development is an integral part of business transformation. In support of this, our Ecosystem Workforce Resilience team works with our portfolio companies, the labour movement, and government agencies in Singapore to facilitate the development of a future-ready workforce.

Diversity, inclusion, and fairness are key to creating a workplace that recognises talent and respects differences across a broad range of dimensions. We continue to build a diverse and inclusive culture grounded in meritocracy.

Our Inclusivity@Temasek initiatives further strengthen inclusive practices and reinforce our culture of belonging. These include our Temasek Women’s Network, which empowers and uplifts our people as they navigate both their careers and personal aspirations.