We need to take urgent and sustained action against the climate crisis, reverse nature loss, and build a more inclusive and equitable society.
At Temasek, sustainability is an ongoing journey and resolute commitment for us. We embed it in all that we do — from our mandate to deliver sustainable value over the long term, to our strategy of how we operate as an institution, shape our portfolio, and engage our portfolio companies to build sustainable businesses.
We recognise the long tail effects of climate change on the resilience and commercial viability of our portfolio. The Synthesis Report for the Intergovernmental Panel on Climate Change Sixth Assessment Report, released in March 2023, underscored the need to limit global warming to 1.5°C with urgent, effective, and equitable decarbonisation of global systems to reduce the negative impact on ecosystems, biodiversity, and societies. Collective awareness and collaboration between countries and businesses, including ourselves, on climate action can therefore support the development of a more liveable and sustainable future by the end of the century.
We recognise the long tail effects of climate change on the resilience and commercial viability of our portfolio.
In recent years, we have made progress and achieved several milestones in our sustainability journey. In doing so, we have moved closer to our targets and goals by advancing initiatives such as: