We must continue to build and innovate as we tap into new and emerging opportunities while scaling new heights in a changing world. Only with courage and conviction, can we help to build a better, more inclusive, and sustainable world for this and future generations.”
We ended the year with a net portfolio value of S$389 billion. Marking our unlisted portfolio to market would provide S$31 billion of value uplift and brings our net portfolio value to S$420 billion.
S$389b
Net portfolio value
Up S$166 billion over the last decade
S$328b
Invested during the decade
Invested S$26b during the year
6%
10-year return to shareholder
Total shareholder return of 14% since inception
S$9b
Dividend income
Average annual dividend income of S$9 billion over the last decade
Consistent with past years, we continued to deploy capital into opportunities aligned with the four structural trends and our sustainability objectives. We de-risked certain positions and realised gains from earlier investments. This will allow us to recycle our capital, and to take advantage of market dislocations and unique investment opportunities, as and when they arise.
Our commitment to sustainability is integral to building a thriving and resilient portfolio that enables us to deliver sustainable returns over the long term.
We have been advancing our net zero efforts through decarbonising our existing portfolio, making new investments, forging partnerships, and building platforms.
We strive to do well, do right, and do good, to build a brighter and more inclusive tomorrow for this and future generations. At the core of this ambition is our people — their values, passions, capabilities, and their willingness to learn, contribute, lead, and take on new ideas and responsibilities.
