The next phase of Temasek’s sustainability journey: Measuring and disclosing Scope 3 emissions

IN ITS inaugural sustainability report released on Tuesday (Jul 9), Temasek disclosed that the portfolio value of its sustainability-aligned investments stood at S$44 billion at the end of its 2024 financial year ending in March. This is the first time the Singapore state investor has revealed the size of these investments, reflecting greater transparency in its sustainability disclosures.

This S$44 billion value was obtained based on a sustainability classification framework developed by Temasek and applied across its investment portfolio. The framework is used to split the investments into two buckets. The first covers businesses that have products and services that could contribute positively to climate, nature and inclusive growth – this is valued at S$38 billion – and the second refers to high-emitting sectors transitioning to a low-carbon business model, which stands at S$6 billion.

With such disclosures, Temasek’s stakeholders have gained another metric to compare and track the investor’s efforts in decarbonising its portfolio, beyond that of its total portfolio emissions.