The state investment company launched its first sustainability report alongside its annual Temasek Review on Tuesday.
New: You can now listen to articles.SINGAPORE: Temasek has unveiled a"sustainable living" investment portfolio valued at S$44 billion , in an inaugural report outlining its strategy towards net zero by 2050.
Its latest investments include electric vehicle companies Mahindra Electric Automobile in India and BYD in China, sustainable battery solutions provider Ascend Elements and electrolyser manufacturer Electric Hydrogen, both in the US. Chief investment officer Rohit Sipahimalani said sustainable living investments make up Temasek's smallest portfolio. But it is steadily increasing and the fastest-growing, he told reporters during a media briefing.Asked why Temasek was revealing the portfolio value this year for the first time, head of ESG investment management Park Kyung-Ah said the report was done in response to feedback calling for information to be consolidated.
For example, despite the aviation sector's heavy reliance on fossil fuels, SIA invests in newer aircraft that are more fuel-efficient, the report noted.
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