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ESG Insights

Issue 202: Temasek’s pragmatic climate ambition; China’s green yuan versus the US petrodollar

This week in ESG: Temasek shifts to baseline scenario of warmer, more fragmented world; veteran economist urges yuan-denominated financing for green transition

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Kenneth Lim

Kenneth Lim

Published Fri, Jul 10, 2026 · 07:00 PM
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    • Temasek now expects a slightly negative impact from climate change on its portfolio under a fragmented world scenario.
    • Temasek now expects a slightly negative impact from climate change on its portfolio under a fragmented world scenario. ILLUSTRATION: KENNETH LIM

    Sustainable investing

    Temasek adapts to warmer, fragmented world

    Temasek is striking a tone of pragmatism as it institutionalises the recognition that the world will probably be hotter than hoped.

    As it acknowledges the reality that fossil fuels might be needed for longer, and that physical climate costs will be higher, the Singapore government-owned investor’s latest sustainability report seems to send a message that while Temasek isn’t deviating from its long-term climate goals, the shorter-term pathways could get a little twisty.

    ESG Insightssustainable investingTemaseksustainable financeClimate changeGreen economyenergy transitionESG

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