Temasek Review 2023
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Sustainability at the Core

Developing a Diverse and Inclusive Institution

Our focus on sustainability as an institution extends from planet to people.

We value diversity, equity, and inclusion. We are committed to creating an inclusive and cohesive work environment that respects and celebrates unique personalities, diverse perspectives, skill sets, and experiences.

Temasek staff enjoying a lighthearted discussion at Temasek Shophouse’s outdoor garden
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Temasek staff enjoying a lighthearted discussion at Temasek Shophouse’s outdoor garden

Our Inclusivity@Temasek initiative continues to strengthen our diversity practices and reinforce our culture of belonging. These efforts include the Temasek Women's Network (TWN), which supports and inspires our female staff in their career journeys. Highlights included talks by former PepsiCo CEO Indra Nooyi and co-founder of Singapore fashion label Love, Bonito, Rachel Lim, who both shared how they overcame challenges in their respective career journeys; as well as dedicated female leadership workshops and a mentoring programme for our female staff. TWN is open to all staff members at Temasek, regardless of gender. We also invite our portfolio companies to participate in TWN initiatives, where possible.

(From left to right) Indra Nooyi, former CEO, PepsiCo; Jessica Tan, Co-CEO, Ping An Group; Deborah Ho, Regional Head of Southeast Asia, BlackRock; and Png Chin Yee, Chief Financial Officer, Temasek during a panel discussion at TWN's keynote event Women Rising
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(From left to right) Indra Nooyi, former CEO, PepsiCo; Jessica Tan, Co-CEO, Ping An Group; Deborah Ho, Regional Head of Southeast Asia, BlackRock; and Png Chin Yee, Chief Financial Officer, Temasek during a panel discussion at TWN's keynote event "Women Rising"

Connie Chan (right), Head of Financial Services, joins Rachel Lim, co-founder of Love, Bonito, on stage at a TWN event on International Women's Day 2023, where Rachel shared her journey as an entrepreneur
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Connie Chan (right), Head of Financial Services, joins Rachel Lim, co-founder of Love, Bonito, on stage at a TWN event on International Women's Day 2023, where Rachel shared her journey as an entrepreneur

Today, our staff represents 34 nationalities with a gender mix of 54% male to 46% female. Our senior management is 75% male and 25% female. We will continue to work towards diversity while ensuring a meritocratic, inclusive workplace.

To foster an environment where we can grow and thrive individually and collectively as an institution, we are committed to ensuring a respectful workplace, with zero tolerance for harassment of any form. Our Temasek Code of Ethics and Conduct — which includes our Workplace Anti-Violence, Harassment and Victimisation Policy — outlines our responsibilities and conduct for creating an inclusive workplace that provides equal employment, as well as development and promotion opportunities.

Capabilities Building and Knowledge Sharing

We believe in upskilling our workforce and equipping them with diverse skill sets and competencies to navigate a complex world and stay relevant for the future. For the year ended 31 March 2023, each staff member underwent an average of 29.8 hours of training.

All staff undergo mandatory training in anti-bribery and corruption, anti-harassment and discrimination, as well as the prevention of insider trading, underscoring our commitment to a zero-tolerance approach in these areas. We have also expanded our range of learning and leadership programmes to include topics such as sustainability, diversity, and inclusivity, to increase understanding of these important areas.

All staff undergo mandatory training in anti-bribery and corruption, anti-harassment and discrimination, as well as the prevention of insider trading.

Our Temasek Sustainability Advisory Panel (TSAP) and Clean Energy Advisory Group (CEAG) comprise global leaders in fields related to sustainability, climate change, and climate technologies, and provide insights to enhance our knowledge and sharpen our strategies in these areas. Over the year, the TSAP convened to discuss topics such as accelerating a just transition in Asia, carbon markets, nature conservation, and net zero commitments. The CEAG exchanged views on topics such as energy security, hydrogen, nuclear energy, and fusion.

All staff undergo mandatory training in anti-bribery and corruption, anti-harassment and discrimination, as well as the prevention of insider trading.

Health & Safety

We have introduced resources and programmes that focus on caring for the emotional, social, and physical well-being and health of our staff, such as the Because you matter: #together initiative. To create a safe and conducive physical workplace, we ensure compliance with local safety regulations and our workplace health and safety policies.