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Environment

While our emissions footprint is largely driven by our portfolio, as an investor, we recognise the important role that we play in setting an example for our portfolio companies. 

Enabling a Sustainable Company

We measure emissions associated with our operations in both absolute and relative terms (that is emissions per employee). For the year ended 31 March 2026, emissions from our operations were 13,222 tonnes of carbon dioxide equivalent (tCO2e), a decrease from 19,731 tCO2e last year. Scope 3 emissions1 continue to be the largest component, making up 99% of our total operational carbon footprint, with business travel accounting for 83% of this category. The decrease in our operational carbon footprint was due to lower reported emissions from business travel despite comparable travel volumes, following updated air travel emissions factors2.

Beyond tracking carbon emissions, we are taking steps to better manage the broader environmental and social impacts of our operations. Temasek-organised events are guided by our Sustainable Events Guidelines, which encourage employees to adopt sustainable practices throughout event planning and delivery. These guidelines support emissions reduction, greater inclusivity, and improved waste management.

Carbon Mitigation Strategies

Understanding our operational carbon footprint and where the hotspots are allows us to implement initiatives and mitigation efforts across our operations. Our strategy in carbon mitigation is to prioritise emissions reduction efforts where we have direct control, before implementing indirect mitigation solutions and compensation measures for residual emissions.

Direct Mitigation

(Direct avoidance and reduction efforts through sustainable practices and corporate initiatives)

Disciplined Business Travel Practices

  • We employ a carbon charge mechanism for business travel as part of our annual budget process, using prevailing internal carbon price.
  • Employees are encouraged to plan business trips in advance, to optimise travel efficiency, and to explore low-carbon alternatives such as teleconferencing, where possible.

Green Mark Building Certifications

  • Our Singapore office: Awarded BCA Green Mark (Healthier Workplaces) Certificate (Platinum) since 2023.
  • Our Shanghai office: Awarded LEED Gold Award since 2024.
  • Our New York office: Awarded LEED Silver Award since 2024.

Resource Efficiency Efforts

  • Optimal, energy-efficient, and sustainable temperature setting of 25°C for our Singapore office.
  • Implemented smart metering for better energy monitoring and management.
  • Improved waste segregation techniques and e-waste recycling.

Indirect Mitigation

(In-sector solutions to mitigate energy- and travel-related emissions)

Renewable Energy and Renewable Energy Certificates (RECs)

  • Our India and UK Offices procured renewable electricity directly from providers.
  • Our China and Singapore Offices procured RECs verified by global standards or national issuing bodies, with renewable power generation from solar plants and wind farms.

Sustainable Aviation Fuel certificates (SAFc)

  • Purchased SAFc from Singapore Airlines, equal to approximately 1% of emissions from business travel.

Compensation

(High-quality carbon credits)

Purchase of Carbon Credits

  • In compensating for our residual emissions from our operations, we considered a variety of project types, including nature-based projects that deliver diverse environmental and social co-benefits across different geographical regions. Carbon credits acquired are verified by established global standards and have a vintage of five years or less.
  • During the year, we purchased carbon credits from Climate Impact X and GenZero that comprised a balanced mix of carbon removal and carbon avoidance credits. In selecting the carbon credits, we prioritised those with stronger quality attributes.

1 Our reporting coverage for Scope 3 emissions from our operations can be found here. Financed emissions from our investment portfolio is reported separately as Total Portfolio Emissions.

2 Refers to conversion factors used to estimate greenhouse gas emissions per unit of activity.

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