“Businesses, governments, multilateral agencies, philanthropic organisations, investors and societies need to collectively accelerate efforts to scale decarbonisation efforts and low-carbon solutions, taking into account the immediate need for energy security and uplifting of communities where access and affordability present challenges which are insurmountable without external assistance and funding,” he notes, adding that Industry 4.0, while boosting productivity, has also led to “rising inequality and the need to partner business transformation with workforce transformation”.
Amid the headwinds such as restrictive macro policies, a “highly polarised geopolitical environment”, as well as climate change, which remains an “existential threat”, Temasek remains focused on doing its part to “build a better, more inclusive and sustainable world”, says chairman Lim Boon Heng.
Sustainability is at the heart of Temasek’s agenda, with the climate agenda becoming more “urgent”, says the group’s executive director and CEO, Dilhan Pillay.
