This pandemic is an exponential challenge. To refer to a selected transcript of the Question & Answer session which followed, click here. huimin@temasek.com.sg, Dawn TAN We actively supported ground-up initiatives, such as Masks Sewn with Love, where selfless volunteers hand sewed over 250,000 masks for the vulnerable, and the families of frontline workers. The year also saw various major moves among our portfolio companies. In addition, we committed to halve the net carbon emissions attributable to our portfolio by 2030. It was relatively casual, although the interviewee needed to know significantly about Temasek and the department they applied for. Disappearance of Felicia Teo Wei Ling Recently, there has been a flurry of developments to the missing case of the Late Felicia Teo who vanished since 2007. Download Temasek Overview PDF (9.5Mb) Temasek Review 2018. We look to connect people and places, and spur dialogue for better understanding between people. Today, the Temasek Business School offers 12 full-time diploma courses in various disciplines. These would likely create a more challenging environment for long term investors and asset owners. We do our share, often with the support of others, and always in partnership with anyone who has willingness and a bold idea or solution. The School is the first to offer design studies in a polytechnic. Temasek also divested S$26 billion in the year to March 2020. With a resilient balance sheet, we have full flexibility to reshape and rebalance our portfolio, whenever opportunities or challenges arise. Our portfolio is S$306 billion and is focused primarily in Asia and Singapore. The Polytechnic Foundation Programme (PFP@TP) is a one-year programme provided by the Centre for Foundation Studies to provide a head start for the top Secondary 4 Normal (Academic) students at the Singapore-Cambridge GCE N(A) Level Examinations in Temasek … We increased our exposure to the payments sector and other non-bank financial services companies, to benefit from the acceleration in digitisation of financial services. Temasek has had overall corporate credit ratings of Aaa/AAA by rating agencies Moody’s Investors Service and S&P Global Ratings respectively, since our inaugural credit ratings in 2004. We will invest in negative emissions technologies and nature-based solutions. We worked with likeminded partners, ranging from foundations to government agencies; from non-profit organisations to companies. Our teams also actively responded to the changing needs of a growing global challenge, as the pandemic waxed and waned in different parts of the world and disrupted supply chains. Meanwhile, climate risk analysis, including an internal carbon price, will guide decisions on our new investments in the decade ahead. We can succeed only if our community succeeds. Our portfolio remains anchored in Asia, with 66% exposure in the region by underlying assets. Stephen FORSHAW We have also committed to a longer term ambition of net zero emissions by 2050 for our portfolio. During the year, weinvested S$24 billion and divested S$28 billion, reflecting the deliberate tempering of our investment pace over the year. The process took 2 weeks. Wholly-owned SeaTown Holdings International merged with ST Asset Management (STAM). Tel: +65 6828 6518 We are now committed to halve the aggregate carbon emissions of our growing portfolio by 2030, and drive towards net zero carbon emission by 2050. With COVID-19, no one is safe till everyone is safe. Its investments in Singapore dropped to 24% from 26%. We took risks, that would make a difference if greater risks emerge, or, be spent as insurance premium if the pandemic subsides. After the end of the financial year, we participated in Singapore Airlines’ rights issue to raise new capital. Head, Public Affairs Collaboration is the way to go for us to tackle these challenges meaningfully – to work closely with our portfolio companies and the companies in our wider ecosystem, in order to build a better world for this and future generations.”, Mr Lim Boon Heng, Chairman, Temasek Holdings, concluded, “Ultimately, the purpose of enterprises is to offer sustainable solutions for a better world. The resurgence of COVID-19 infections in some countries threatens to derail recovery. There are 2 semesters in each Academic YEAR (AY). We saw growing demand for sustainably produced food, and increased our exposure in companies producing alternative and plant-based proteins, such as Calysta, Impossible Foods, and Perfect Day; and made new investments in Califia Farms and Memphis Meats. As an active investor, we shape our portfolio by increasing, holding or decreasing our investment holdings.These actions are driven by a set of commercial principles to create and maximise risk-adjusted returns over the long term. In Europe, we invested in Danish company Haldor Topsoe, a global leader in high-performance catalysts with a clear focus on electrolysis to enable a green hydrogen economy and Power-to-X2 energy solutions; and BenevolentAI, an AI-enabled drug discovery and development platform. ... Temasek 2020-12-13 20:05 PST. Temasek Review 2020 Highlights Towards T2030 We delivered a carbon neutral Temasek. Mr. Howard “will lead our initiatives and develop a holistic framework to drive our sustainability agenda forward”, the spokesman is quoted as saying in the December 10 report. Our aim was to safeguard communities, frontline workers and vulnerable populations, wherever we can. In AI, we collaborated with innovation company StartupX, to organise HyperHack, the world’s first global sustainability hackcelerator that focused on creating products and services that address the United Nation’s (UN) Sustainable Development Goals (SDGs). Season 2 of 20/20: The Temasek Short Film Project presents 4 music videos, each dealing with a different theme—risk, hope, sacrifice and determination—and set against the song "We'll Be Okay", written by actress-singer-songwriter Jean Goh and backed by the haunting vocals of .gif, Joie Tan, Shak'thiya Subramaniamm and Umar Sirhan. Investments in China included Kuaishou Technology, a short video social platform; Beijing-Shanghai High Speed Railway; and Ocumension Therapeutics, an ophthalmic pharmaceutical platform company. For example, risk orders for new diagnostic test kits made by innovative small companies gave them the means to scale their production quickly. 1 As at 31 March 2020: Equivalent to US$214 billion, at an exchange rate of S$1: US$0.7015; €196 billion, at an exchange rate of S$1: €0.6407; £174 billion, at an exchange rate of S$1: £0.5676; and RMB1.52 trillion, at an exchange rate of S$1: RMB4.9786. “One way for us to shape our portfolio for the future is to seek innovative companies at the forefront of developing new, sometimes disruptive, solutions that create new opportunities.”, Mr Wu Yibing, Joint Head, Enterprise Development Group and Head, China, added, “Sustainability is at the core of everything we do. We look to support research and technology, to help build a sustainable planet for future generations. In February, Temasek announced wage restraint measures to lend moral support to the men and women in our portfolio companies. All content is posted anonymously by employees working at Temasek. Temasek investee company SATS, a food solutions and gateway services provider, is installing solar panels on the rooftops of all its air freight terminals to reduce its carbon footprint. We anticipate that overall policy will stay accommodative to support the economic and job recovery. Temasek is an investment company with a net portfolio value of S$306 billion [1] (US$214b, €196b, RMB1.52t) [2] as of 31 March 2020.. Our three roles as … stephenforshaw@temasek.com.sg, Lena GOH Website www.temasek.com.sg. This was up S$120 billion over the decade, and almost tripled the NPV two decades ago. I interviewed at Temasek (Singapore (Singapore)) in June 2020. Our non-profit philanthropic arms like Temasek Trust and Temasek Foundation give expression to the commitment to do well, do right and do good in the larger community. Despite this, we expect certain segments of the economy, especially technology services, to remain resilient amidst the shift in lifestyles such as remote working arrangements. We took risks that would make a difference if greater risks emerge; otherwise, they are an insurance premium well spent if the pandemic subsides. The combined entity brings together STAM’s dedicated global public credit franchise and structured credit expertise with SeaTown’s dynamic approach to multi-asset investing. By continuing to browse our site, you accept the use of cookies. Turn cookies off.Â, Stay informed and keep abreast of the latest news, Grow your career with us and unlock your potential, An active investor, forward looking institution and trusted steward, Delivering sustainable returns for generations to come. We worked through the entire chain, to reduce bottlenecks and improve throughput affordably. We worked through the entire chain, to reduce bottlenecks and improve throughput affordably. Over 400 of our staff volunteered in various COVID-19 initiatives in Singapore and around the world. Monetary and fiscal policies remain expansionary, to help offset the negative impact of the crisis. In China, work has resumed steadily, and recent data suggests that the domestic economic recovery is underway. Headquartered in Singapore, we have 11 offices around the world: Beijing, Hanoi, Mumbai, Shanghai and Singapore in Asia; and London, New York, San Francisco, Washington DC, Mexico City, and Sao Paulo outside Asia. These trends are driven by social progress, demographic shifts and changing consumption patterns, as well as enabled by technological advances. To do good, a good heart should be supported by practical and sustainable solutions. We see downside risks relating to a resurgence of COVID-19 cases and a potential tightening of credit conditions affecting domestic demand growth as fiscal support schemes expire. Countries around the world are pacing their transition into a “new normal”, adapting as the situation continues to develop and new waves of infection occur, then recede. It involves the storage of energy from intermittent renewable energy sources and the production of carbon-neutral fuels from CO2 emissions. We look to uplift lives and communities, so that no one is left behind. “We decided very early to pitch in, and marshal our resources and capabilities across our network of partners and portfolio companies to help in the fight against COVID-19. Glassdoor gives you an inside look at what it's like to work at Temasek Polytechnic, including salaries, reviews, office photos, and more. In addition, we strengthened our Environmental, Social and Governance framework. Temasek The infections multiply every day that we miss identifying an infectious case. The corresponding NPVs for other currencies are rounded to the nearest billion, after currency conversion from SGD based on the exchange rate as at 31 March 2020. Fees are billed and payable by semester. In Singapore to date, we offered free hand sanitisers to all households; provided 11 million masks4 to Singapore residents; distributed about 1 million face shields to young school children and frontline workers in the food & beverage industry; and donated some 250,000 oximeters to various groups in our community. 7 As at 31 March 2020: Equivalent to US$214 billion, at an exchange rate of S$1: US$0.7015; €196 billion, at an exchange rate of S$1: €0.6407; £174 billion, at an exchange rate of S$1: £0.5676; and RMB1.52 trillion, at an exchange rate of S$1: RMB4.9786. It has been edited from delivery only for readability. 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