Temasek

We are humbled that Temasek has been recognised as a Champion of Good 🏆, the highest tier under the Company of Good Recognition System from NVPC - Towards a City of Good.     Our Chief of Staff, Ming Pey Lim, was present to receive the recognition on our behalf at the Company of Good Conferment Ceremony last night, alongside other representatives of organisations in Singapore recognised for their commitment to corporate purpose and impact at the national level. This year is the first year that Temasek has been conferred the title, and the recognition could not come at a better time as we commemorate our 50th anniversary. Reflecting on the lives and communities we have impacted over the past five decades, the recognition strengthens our conviction in being guided by our Purpose — doing well, doing right and doing good, #SoEveryGenerationProspers.      Beyond our organisation, we engage our wider ecosystem and partners to uplift both people 🧑 and planet 🌍. Together, we bring to life the principles of investing in human potential, catalysing solutions, building with courage and growing for generations that underpin why we do what we do.    Thank you NVPC and congratulations to all recognised at the Company of Good Conferment 2024!

We are heartened by the support from members of the Judiciary, the Attorney-General's Chambers, Singapore Academy of Law, The Law Society of Singapore, SCCA - Singapore Corporate Counsel Association, Mindful Business Singapore, and representatives from local and international law firms in launching Temasek’s Lawyer Sustainability Guidelines this week. The Guidelines are a series of principles grounded in our MERITT values—Meritocracy, Excellence, Respect, Integrity, Teamwork, and Trust—that are aimed to foster a supportive work environment for legal professionals. They focus on four key principles: Openness and Respect, Smart Meetings and Communication, Respecting Rest Periods, and Mindful Delegation. Through these guidelines, we look forward to positive changes in the legal profession, ensuring a resilient and sustainable future for all. We were also honoured to have Celeste Ang, Principal in the Dispute Resolution and Employment PGs at Baker McKenzie and Chair of BM’s APAC Employment and Compensation Practice; Sandy Foo, Co-Deputy Head, Corporate, Rajah & Tann; Paul N., COO and CFO of the Singapore Academy of Law; Danny Quah (FInsol, FSIArb, SRAD), Director in Commercial Disputes practice at CHP Law; and Susan de Silva, career coach and former partner at Bird & Bird ATMD, speak at the launch and acknowledge the pressures legal professionals face, exacerbated by rapid technological advancements and the evolving nature of work. In his remarks at the event, our CEO Dilhan Pillay said, “We’re all in a journey. We can't expect changes to happen overnight because there's a need for everyone to understand what is the problem that we're trying to address. For that to happen, there is a need for transparent and safe communications to have the right outcome. Temasek believes that sustainability must be the core of our people. Not just about environmental sustainability, but about sustainability as an organisation as well. Sustainability of an organisation is very much dependent on its people.”

Over her 18-year career, Huang Zijuan, a Director with Temasek’s life sciences team, has witnessed the staff-led volunteer initiative T-Touch steadily grow in its reach – and impact. https://tmsk.sg/qo1e As we commemorate our 50th anniversary, we’ll be sharing 50 stories that will take you behind the scenes of pivotal moments in our history. Watch this space for new stories added each week. #50byFifty #Temasekturns50 #bygenerationsforgenerations #T50 #Temasek

Over the last 50 years, we have worked diligently to cultivate a resilient portfolio that can weather external shocks and different market cycles, and deliver sustainable returns over the long term. As we reflect on our journey, and brace ourselves to seize the opportunities that lie ahead, our Net Portfolio Value (NPV) has grown to S$389 billion as of 31 March 2024. In fact, if we value our unlisted portfolio on a mark to market basis, our mark to market NPV would be S$420 billion with a S$31b uplift from the unlisted assets, up S$9 billion from last year. Get the latest update on our portfolio and performance here: https://tmsk.sg/0e755b #TemasekReview

As at 31 March 2024, our portfolio value of investments in sustainability-focused and climate transition investments was S$44 billion. Sustainability isn’t just a buzzword for us, but a long-term commitment. To find out more, visit: https://tmsk.sg/4b515b #TemasekReview

#ICYMI Here’s an overview of our performance for the year in review. 📂 Our Net Portfolio Value is S$389 billion, up S$7 billion from the previous year. 📈 Including S$31 billion mark to market uplift from unlisted assets, Temasek’s mark to market NPV was S$420 billion, up S$9 billion from last year. 📊 Stable 20-year Total Shareholder Returns (TSR) at 7% and 10-year TSR at 6%. To find out more, visit: https://tmsk.sg/d4aa2e #TemasekReview

Here are the key highlights of our #TemasekReview launched this week. 📂 Net Portfolio Value (NPV) of S$389 billion, up S$7b from last year. 📊 Including S$31 billion mark to market uplift from unlisted assets, our mark to market NPV was S$420b, up $9b from last year. 📈 Stable 20-year Total Shareholder Return at 7% and 10-year TSR at 6%. Learn more about our performance, our investments, and our sustainability and community approach over the past year. Learn more here: https://tmsk.sg/54895f #TemasekReview

Our portfolio comprises both listed and unlisted investments. Since 2004, our unlisted portfolio has grown steadily and now accounts for more than half of our total portfolio. Due to its steady growth, we have been reporting the mark to market value of our portfolio since 2022. Our portfolio has remained resilient with a Net Portfolio Value (NPV) of S$389 billion, up S$7 billion from last year. In fact, if we value our unlisted portfolio on a mark to market basis, our mark to market NPV would be S$420 billion with a S$31b uplift from the unlisted assets, up S$9 billion from last year. Swipe to read more on what is “mark to market” and why we are marking our unlisted portfolio to market. Read more on our performance here: https://tmsk.sg/ded86b #TemasekReview

This year, we launched our inaugural Sustainability Report that brings together our disclosures and tracks our progress. As an asset owner, our long-term success hinges upon a thriving and resilient portfolio. Sustainability is therefore an ongoing journey and a steadfast commitment for us. We are taking active steps to progressively expand and enhance our sustainability strategy to support our ambition towards net zero, nature positive, and inclusive growth. Here’s a quick summary of our report. For a more in-depth update on how we are advancing sustainability, read the full report here: https://tmsk.sg/4018ff #TemasekReview

Our Deputy CEO, Chia Song Hwee, shares his thoughts on how Temasek is approaching green transition financing. Read more on our performance here: https://tmsk.sg/f623bd #TemasekReview