Temasek’s decarbonisation-focused investment platform, GenZero, has unveiled a new sustainable investment target, seeking to achieve a cumulative direct realised climate impact of at least 7 million tons of CO2e by 31 March 2028. This target is based on GenZero’s ownership share across its investment portfolio.
Launched by Temasek in 2022, GenZero is dedicated to accelerating global decarbonisation while delivering positive climate impact and long-term sustainable financial returns. The platform has so far invested in 24 climate-focused ventures across 17 countries, concentrating on nature-based solutions, technology-driven decarbonisation, and enabling the carbon market’s expansion.
The new target coincides with the release of GenZero’s inaugural Sustainability Report, detailing the platform’s progress and climate impact approach. As of the end of 2024, GenZero has achieved 3 million tons of direct realised climate impact, with more than half of this realised in the past year. The report defines “realised impact” as actual emissions reductions or removals that have occurred, excluding future projections.
GenZero clarified that the reported figure does not account for the potential long-term impact of emerging decarbonisation technologies or indirect transformational climate effects. The focus remains on direct climate impact, which GenZero considers the most defensible and transparent metric at this stage.
Including indirect impact, GenZero’s stake-adjusted cumulative realised climate impact surpasses 12 million tons. The report highlights further achievements, such as managing over 752,000 hectares of land sustainably through nature-based investments and enhancing ESG integration, with 63% of the portfolio having an ESG policy and 83% having dedicated ESG roles.
GenZero CEO Frederick Teo emphasised the importance of transparency and rigour in evolving impact methodologies, stating, “We are not just investing in climate solutions, we are holding ourselves accountable for delivering measurable outcomes.”
