Temasek commits $100m for climate action initiatives

It aims to help achieve the 1.5 degree climate goal.

Temasek Holdings has committed $100m from its community gifts to fund climate action initiatives, providing financing to address market barriers, announced Chairman Lim Boon Heng during the firm's 50th anniversary dinner.

This initiative, called Concessional Capital for Climate Action, aims to accelerate the green transition and support marginally bankable opportunities, helping to achieve the 1.5 degree climate goal.

Temasek also launched its commemorative book “By Generations, For Generations: Fifty Years of Temasek As Told By The People Who Shaped It." Written by former journalist Ong Soh Chin, the book draws from research and interviews with around 90 staff, alumni, and business partners.