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June 6, 2022

Temasek sets up climate-focused investment platform company

Temasek has set up a wholly-owned investment platform company, dubbed GenZero, in a bid to accelerate decarbonisation worldwide.

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The Singapore-based investment firm said that it will commit an initial amount of S$5bn (US$3.64bn) to launch the platform.

GenZero will focus on catalysing the decarbonisation solutions by deploying long-term and flexible capital, the firm said in a statement.

The unit will invest in opportunities ranging from early-stage companies and solutions to more mature ones that are seeking to expand.

GenZero’s investments will primarily focus on technology-based solutions that generate a deep decarbonisation impact through climate-driven technologies.

Its investment focus area also includes nature-based solutions that help protect and restore our natural ecosystems as well as carbon ecosystem enablers that support the development of an effective, efficient, and credible carbon ecosystem.

These three focus areas are expected to present a holistic and integrated approach to addressing the emissions gap, according to the company.

Temasek International chief sustainability officer Steve Howard said: “Achieving net zero globally will require deployment of around US$5trn annually by 2030, to rapidly adopt and commercialise sustainable energy solutions. Its flexible approach will enable it to catalyse near- and long-term solutions to support ongoing efforts to achieve net zero globally.

GenZero will not only support Temasek’s efforts as we strive towards halving our portfolio’s net emissions by 2030 and working towards a net zero portfolio by 2050, but also those of the wider ecosystem.”

GenZero will be led by CEO-designate Frederick Teo, who is presently managing director of Sustainable Solutions at Temasek International.  

Teo will assume his new role at GenZero on 1 July 2022 and manage a team specialised in the investment and sustainability space.

Teo said: “GenZero is driven by the common purpose to decarbonise for future generations. Recognising the importance of immediate action, we will focus on investment opportunities that can deliver positive climate impact by 2030 while ensuring sustainable financial returns.

“Besides deploying capital, we will work with our investee companies to address operational challenges and accelerate the deployment of their solutions to achieve our shared net zero target.”

In 2020, Temasek established an asset management group to serve as the operational holding company for four asset management businesses that are wholly-owned by or affiliated with the firm.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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