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Sustaining Our Planet


Climate change is the most urgent and critical global issue of our time. We must act now, together, to sustain our planet for future generations.

 

The Earth is being pushed to the tipping point. Last year, the Intergovernmental Panel on Climate Change warned that we have barely 10 years to reverse the global carbon and greenhouse gas emissions or face catastrophic consequences sooner than we think. Climate change is already bringing destructive hurricanes and weather extremes. Consequences include forest fires, floods, and crop damage. Lives are being lost, and livelihoods already impacted.

A photograph of a mountain of trash in Terjun Village in Medan, Indonesia submitted by Saddam Husein for Shoot for Sustainability, a photo competition organised by Temasek.

Governments, businesses, civil societies and individuals must work together to reverse the harm to our planet, and ultimately our people, lives, and livelihoods. We support the United Nations Sustainable Development Goals (SDGs) as one framework for us to work towards a better and more sustainable world.

Since 2014, we have been promoting Ecosperity – the twinning of ecology and prosperity as a sustainable pathway for growth. Together now, we can achieve an abc World of active and productive economies, beautiful and inclusive societies, and a clean, cool Earth.

We are alert to the issues of climate change, and address these in our investment theses. We share our perspectives with our portfolio companies and stakeholders.

While the risks of climate change are well-known and hopefully a catalyst for urgent action, we have the opportunity – for the first time in human history – to begin to reverse the negative impact of human habitation on our planet. Knowing the risks, the opportunity requires our positive action. It will be a long journey, but it starts with the actions we all take. We see the part we can play as consistent with our obligation to do well, do right and do good.

 

Catalysing Solutions
 

Temasek seeks to invest in companies and ideas that deliver better lives for more people. Solutions to overcome food, energy, waste and water challenges are key areas of focus.

We worked with the Economic Development Board and the Singapore Food Agency to commission a study on insect production as a form of protein. Edible insects are a potential alternative source of protein to livestock animals like cattle or pigs, and require less feed stock to produce. Findings of the study were made available to budding insect protein companies, providing them with information to help them decide whether to set up operations in Singapore and the region.

We partnered ST Engineering to design the “Airbitat Oasis Smart Bus Stop”, a low-impact solution to help commuters in Singapore beat heat and pollution. The bus stop is equipped with an energy-efficient overhead air cooling and filtration system.

Commuters can enjoy a cooler and more comfortable wait at the “Airbitat Oasis Smart Bus Stop”, located outside Plaza Singapura along Orchard Road.

Together with Singapore Power, we co-funded a waste treatment system at Gardens by the Bay to repurpose unsorted waste into hot water for food & beverage outlets, and biochar for soil remediation.

Further afield, we have invested in environmentally friendlier solutions developed by companies such as Impossible Foods and Perfect Day.

 

Engaging with our Partners
 

The name ‘Ecosperity’ twins ecology with prosperity, reflecting our belief that doing good and doing well can – and must – go together. Themed “Tomorrow Starts Today: From Ambition to Action”, the Ecosperity 2019 conference, helmed by Temasek, focused on action to achieve a low carbon and resource efficient future. The discussions explored business approaches and successful collaboration models along the thematic tracks of Circular Economy, Energy Transition and Water Management.

Lim Boon Heng, Chairman, Temasek Holdings, delivering the welcome remarks for the Ecosperity Week this year.

Ecosperity has scaled significantly since its inception in 2014, growing from a single day conference of 200 attendees to a full week of activities this year. Attended by over 3,000 global business leaders, policymakers, investors, entrepreneurs and academics, Ecosperity Week is a platform that drives thought leadership and action on sustainable development. This year’s partner events included the World Bank Group's Innovate4Climate, Business China's FutureChina Global Forum, Temasek Foundation’s The Liveability Challenge, Singapore International Water Week Spotlight and many more.

Organised throughout the year, the Ecosperity Conversations series is a regular touchpoint to engage our portfolio companies and key internal and external stakeholders on sustainability-focused topics, to highlight the business case for sustainable development.

Robert Swan, OBE, the first person in history to walk to both the North and South Poles, interacting with audience members of Ecosperity Conversations.

This year, we formed the Ecosperity Advisory Group. With its expertise on wide-ranging sustainability issues, this group will help shape and sharpen our institutional approach towards sustainability.

We started a programme to engage our portfolio companies more closely on sustainability topics of strategic importance. Through dialogue and other engagement platforms, we are facilitating the sharing of insights and knowledge across the Temasek ecosystem, and in the process, encouraging joint efforts to work towards a sustainable future.

To increase understanding among our colleagues on sustainability issues, we launched a series of sustainability-themed talks, ranging from investible opportunities for the underserved to biodiversity and innovation.

 

Active economy Productive jobs Sustainable cities Fulfilling lives
Beautiful Society Resilient individuals Inclusive communities Just societies
Clean earth Fresh air Clean water Cool world

An active, robust economy delivers good jobs and creates opportunities.

It is the foundation of stable, secure and sustainable societies. Productive workers can have a sense of pride and dignity, provide for their loved ones and themselves, and look to the future with confidence.

A beautiful and inclusive society fosters peace and justice, and enables individuals to reach their fullest potential.

Shared values that embrace justice and equality, and expand our common spaces, will strengthen our tolerance, mutual respect, and the ties that bind us together.

A clean, cool Earth is our home, a common space and heritage.

We must act today to preserve our living space for ourselves and our future generations. Fresh air, clean water and a cool world are Earth’s natural gifts, which we must treasure and protect as our legacy.

An active, robust economy delivers good jobs and creates opportunities.

It is the foundation of stable, secure and sustainable societies. Productive workers have a sense of pride and dignity, provide for their loved ones and themselves, and look to the future with confidence.

A beautiful and inclusive society fosters peace and justice, and enables individuals to reach their fullest potential.

Shared values that embrace justice and equality, and expand our common spaces, will strengthen our tolerance, mutual respect, and the ties that bind us together.

A clean, cool Earth is our home, a common space and heritage.

We must act today to preserve our living space for ourselves and our future generations. Fresh air, clean water and a cool world are Earth’s natural gifts, which we must treasure and protect as our legacy.


Doing our part for an abc World

Deepening our Commitment to Invest with Tomorrow in Mind

Organisations that manage Environmental, Social and Governance (ESG) factors effectively are more likely to create sustainable value over the long term. As we carry out our investment analysis, we work to understand how sustainability-related factors may impact a company’s long term ability to generate sustainable returns and its standing.

As an owner, we are committed to encouraging companies to adopt policies and practices that safeguard and enhance long term performance. We regularly engage and share sustainability best practices and trends with our portfolio companies.

We continuously evolve ESG integration efforts across our investment process. To deepen our capability, we make use of relevant data sources and tools to enable robust decision-making. We take part in domestic and international discussions about definitions, priorities, standards and best practices. We also monitor sustainability-related trends relating to issues that may significantly impact our portfolio and our investment activities, such as climate change.

Capturing Value in Sustainability

Climate change, resource scarcity and social inequality form the sustainability issues that confront us globally. While these macro trends appear challenging, they also offer new opportunities to make a difference. The rise of the “green” and socially conscious consumer, climate change, sustainability-related regulations and technological advances have fostered the growth of new businesses and business models.

We work to understand these trends in order to position our portfolio for the future, and to seek new investible areas to capture sustainable value for Temasek and our portfolio companies.

Addressing Long Term Sustainability Challenges

To realise our vision of an abc World, we need to address long term challenges affecting Singapore and the region. Challenges include demographic issues such as ageing, developing affordable solutions to feed a growing population, and mitigating the environmental impact from increasing urbanisation. We have supported long term capability building in these areas, especially when there is a lack of existing support or an under-appreciation of the need. This includes funding the development of innovative solutions and approaches by leveraging innovative technologies, research, trials and pilot programmes.

The Temasek Life Sciences Laboratory rears faster-growing and more resilient sea bass to improve farming productivity

Innovative Solutions for a Clean, Cool Earth

District Cooling and Airbitat for NDP
A hybrid system that cools outdoor air to as low as 24°C was introduced at the National Day Parade (NDP) 2017. Spectators at the floating platform, security screening areas and fun pack collection areas welcomed the streams of cool air that helped to reduce the heat that would otherwise be built up. This was made possible by tapping SP Group’s underground district cooling network at Marina Bay to provide chilled water for ST Engineering’s cooling unit – the Airbitat Smart Cooler.

A family enjoying the breeze from the Airbitat Smart Cooler

Sustainable Financing & Impact Investing Course

In partnership with Singapore Management University, a new course on "Impact Investing – Risks & Opportunities Arising from Environmental, Social, and Governance Issues” was held in March 2018, to improve knowledge and skills in the integration of ESG considerations into investment decisions. This education initiative aligns with strong growth trends in impact investing.