Temasek executives clarify net-zero commitment despite missing 2030 targets

Temasek's chief sustainability officer Park Kyung-ah said the firm's acknowledgment that it will likely miss its 2030 decarbonization targets is not a sign of giving up on net-zero. The company remains committed to halving portfolio emissions from 2010 levels by 2030 and reaching net-zero by 2050, but external factors like policy, infrastructure, and cost of capital have slowed progress. Temasek is also investing in nuclear energy, including small modular reactors, alongside continued investment in solar and wind projects. The firm stresses that it focuses on real-world decarbonization, not just portfolio emissions numbers, and sees the missed target as a call to action for the broader system to move faster.