Temasek unveils new investment firm to boost global decarbonization drive

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Temasek, recently unveiled GenZero, an investment firm that is focused on boosting the decarbonization solutions globally. This drive is in line with the urgent drive of the hour that is the ongoing climatic crisis.

GenZero is an exclusively-owned investment platform firm, that aims to focus on decarbonization solutions with its ability to deploy flexible and long-term capital.

Temasek’s statement added that It invests in opportunities ranging from early-stage companies and solutions that require patient capital to commercialize and grow, to more mature ones that are ready to scale.

Temasek claimed that the newly unveiled firm will quickly focus upon investments in technology-based solutions that deliver deep decarbonization impact through climate-driven technologies, nature-based solutions that help protect and restore our natural ecosystems to generate climate impact while benefiting local communities and biodiversity, and carbon ecosystem enablers which refer to companies and solutions that support the development of an effective, efficient, and credible carbon ecosystem.

Dr. Steve Howard, Chief Sustainability Officer, Temasek International

Commenting on its establishment, Dr. Steve Howard, Chief Sustainability Officer, Temasek International, said “GenZero expands Temasek’s focus on deploying capital to catalyze solutions for a better world. Achieving net-zero globally will require the deployment of around US$5 trillion annually by 20302, to rapidly adopt and commercialize sustainable energy solutions. Its flexible approach will enable it to catalyze 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 added that the firm’s operations will be managed by a dedicated team of professionals with deep expertise in the investment and sustainability space, led by its CEO-designate, Frederick Teo, who is currently the Managing Director of Sustainable Solutions at Temasek International.

Mr. Teo has served nearly 12 years in Temasek in leadership positions across a broad range of roles such as sustainability, portfolio management, business continuity, and strategic stakeholder engagement. He will fully transition to his role at GenZero on 1 July 2022.

Frederick Teo, MD Sustainable Solutions at Temasek and CEO-Designate at GenZero

Frederick Teo, CEO-designate, GenZero stated: “GenZero is driven by the common purpose to decarbonize for future generations. Recognizing 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.”

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