Sustainability is at the core of everything we do in Temasek. We have a zest for excellence and learning that has enabled us to grow individually and collectively, and prepare for the opportunities ahead. It is very much part of our ownership mindset, to share gains and pains alongside our shareholder, our portfolio companies, and our communities. We are spurred by the opportunities to invest in or work with companies that can help address global sustainability challenges. 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. Glassdoor gives you an inside look at what it's like to work at Temasek, including salaries, reviews, office photos, and more. Our investments for sustainable living included Sunseap, an Asian solar developer based in Singapore. Temasek’s investments in Asian countries excluding Singapore accounted for 42% of its total portfolio as of end-March, up from 40% a year ago. We anticipate that overall policy will stay accommodative to support the economic and job recovery. 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. There are 2 semesters in each Academic YEAR (AY). Temasek was incorporated in 1974 to commercially manage an initial portfolio valued at S$354 million, acquired from the Singapore Minister for Finance.This move enabled the Singapore Government to focus on its core role of policymaking and regulations. 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). 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. Mr Pillay explained, “Everyone, from partners within our ecosystem to individuals including our staff and others in our portfolio companies, came together as one. It is now the worst pandemic in a century, the biggest global crisis since World War Two, with a devastating impact on lives and livelihoods. One-year Total Shareholder Return (TSR) was -2.28%. Mr Dilhan Pillay, Chief Executive Officer, Temasek International, noted, “While we remain watchful on the impact of COVID-19, we are also committed to building a more sustainable planet for ourselves, and for future generations. [email protected], CHONG Hui Min My interviewers were my direct superiors. Temasek Holdings (Private) Limited (abbreviated as Temasek) is a Singaporean holding company, owned by the Government of Singapore.Incorporated on 25 June 1974 as a Commercial Investment Company, Temasek owns and manages a net portfolio of S$306 billion (as of 31 March 2020), with S$26 billion divested and S$32 billion invested during the year, and 66% exposure to Asia – 24% Singapore … Temasek We added to our stakes in PayPal, Mastercard and Visa; and invested in promising emerging companies such as Blend, a US-based digital lending platform for mortgages and consumer banking. The global market outlook remains volatile and uncertain, with new challenges emerging every day. Thus, we supported campaigns for reusable DIY masks and #BYOBclean for hand sanitiser collection, to reduce plastic waste. In 2003, post SARS, we had committed to set aside a portion of our positive Wealth Added returns for community purposes. Only then, can we maintain our long term compass, and leave a better world for our future generations.”. We have continued to grow our portfolio in North America (17%), where we see opportunities in line with key structural trends. Temasek Awards & Accolades. School Of Design Overview. In February, Temasek announced wage restraint measures to lend moral support to the men and women in our portfolio companies. 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. 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. During the year, weinvested S$24 billion and divested S$28 billion, reflecting the deliberate tempering of our investment pace over the year. As at 31 March 2019, our net portfolio value was S$313 billion. New technology investments included Duck Creek Technologies, a US-based software provider to the property and casualty insurance industry; ManoMano, a European home improvement product online marketplace; and MiningLamp, a big data solutions company in China. We must do things today, with the next one, two or three decades in mind. 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. For more information on Temasek, please visit www.temasek.com.sg, For Temasek Review 2020, please visit www.temasekreview.com.sg. 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. 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. They gave their time and energy to strengthen our communities and foster collective resilience. Even as Temasek focuses on our longer term T2030 goals, our staff volunteer selflessly to support a multitude of COVID-19 projects. 5 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. We actively seek sustainable solutions to address present and future challenges, as we capture investment and other opportunities that help to bring about a better, smarter and more sustainable world. Do Well, Do Right, Do Good | Incorporated in 1974, Temasek is an investment company headquartered in Singapore. China and Singapore remain our top two countries by concentration, at 29% and 24% respectively. 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. We have also committed to a longer term ambition of net zero emissions by 2050 for our portfolio. To refer to a selected transcript of the Question & Answer session which followed, click here. The Polytechnic Foundation Programme ([email protected]) 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 … In the US, we backed a management-led recapitalisation in Eastdil Secured, a commercial real estate brokerage company, to accelerate its growth; and invested in JAB Consumer Fund to increase our exposure to the consumer sector. Commissioned by Temasek, a Singapore investment company, the project provides 20 young aspiring filmmaking groups with funding as well as mentorships by some of Singapore’s most renowned directors. It was relatively casual, although the interviewee needed to know significantly about Temasek and the department they applied for. Nonetheless, parts of the economy have shown resilience, and the ongoing fiscal support has helped to support employment and alleviate pressures on businesses. While the initial recovery pace had been sharper than expected, that has now moderated. Harking back to the 14 th century crossroads of Asia, Temasek is an old name for Singapore, a former trading sea town, perhaps a minor kingdom linked to the Chola Dynasty of South India in … “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. We took risks, that would make a difference if greater risks emerge, or, be spent as insurance premium if the pandemic subsides. We hope that these initiatives continue to enable individuals to help our wider community overcome the COVID-19 challenges. Ms Png Chin Yee, Deputy Chief Financial Officer and Head, Financial Services, shared, “The outlook for economic recovery remains clouded, despite significant fiscal and monetary policy support. We supported donations in and outside of Singapore. Net Portfolio Value of S$306 billion as at 31 March 2020, One-year Total Shareholder Return (TSR) of -2.28%, Invested S$32 billion; divested S$26 billion, Ended the year with a strong balance sheet, Committed to halve net portfolio carbon emissions by 2030. This is the Temasek company profile. 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. Before joining Temasek in December 2016, Mr. Hu was chief executive officer of Hong Kong newspaper company South China Morning Post. 20/20: The Temasek Short Film Project is a short film series aimed at nurturing the next generation of local filmmakers. Associate Director, Investor Relations Tel: +65 6828 9138 Temasek is an investment company headquartered in Singapore with a multinational staff of over 800 people. Temasek We kept an open mind for better or more cost effective solutions, moving from deep nasal swabbing to getting saliva samples validated for COVID-19 mass testing; from drawing blood for antibody tests in labs, to 15-minute finger prick serology tests. We worked through the entire chain, to reduce bottlenecks and improve throughput affordably. We worked with SGX and HSBC to complete Asia’s first digital bond issuance for Olam International, and pave the way for the increasing digitalisation of financial products using blockchain technologies. Headquarters Singapore (Singapore) Size 501 to 1000 employees. Helmed by pragmatic leaders and staffed by idealistic youngsters, it was a microcosm of a newly independent Singapore. Separately, CapitaLand completed its acquisition of Ascendas-Singbridge to create one of the largest diversified real estate companies in Asia. This constant questioning, even to this day, keeps Temasek rooted to doing well, doing right, and doing good, as an investor, institution and steward. Temasek Review 2020. Temasek Business School started in August 1990 with its first diploma - Diploma in Business. Joint Press Release February 2020 This was up S$120 billion over the decade, and almost tripled the NPV two decades ago. Founded 1974. This helped to fortify its balance sheet to meet the severe short and medium term challenges posed by the COVID-19 outbreak, even as it prepares for a low carbon world in the longer term. In the long run, our ambition is to deliver a net zero emissions portfolio by 2050. We have mainstreamed sustainability considerations in our investment and portfolio management processes. So, we decided to run ahead of the curve, even before we knew it would be a pandemic. We became an official supporter of the recommendations of the Task Force on Climate-related Financial Disclosures, to underscore the importance of understanding climate risks and opportunities. The savings were channelled towards COVID-19 community initiatives for the wider 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. 10Temasek Overview 2019 The DNA of Temasek Temasek and its portfolio companies were tested over the years, most severely when Singapore saw a sharp recession in 1985, the Asian Financial Crisis in 1997, SARS in 2003, and the Global Financial Crisis in 2008. Temasek’s performance overview NOTE: For ˜nancial year ended March 31, 2020 *Distribution based on underlying assets **Mainly cash and cash equivalents, and sub-20% listed assets Our portfolio is S$306 billion and is focused primarily in Asia and Singapore. Since then, the School has grown from strength to strength. At Temasek, we worked alongside Temasek Foundation, and partnered government authorities, companies, international agencies and NGOs in Singapore and in some 35 other countries during these extraordinary times.”. See All 39 Interviews. While implementing reforms may be challenging, authorities remain focused on rebalancing the economy. View online. This has led us to accelerate our investments into low-emission and resource-efficient companies, including in the areas of energy, food, waste, water, mobility and urban development.”. Harking back to the 14th century crossroads of Asia, Temasek is an old name for Singapore, a former trading sea town, perhaps a minor kingdom linked to the Chola Dynasty of South India in the 11th century. Temasek also divested S$26 billion in the year to March 2020. It was also clear that we should not allow COVID-19 to be the biggest plastic pollution event. The billing periods for AY 2020/2021 are: Semester 1: 20 April 2020 – 18 October 2020 Semester 2: 19 October 2020 – 18 April 2021. This allows us to invest for the longer term, take advantage of market dislocations, and work to reposition our portfolio for the future. No details were provided. We own and manage our assets based on commercial principles. 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. Our Temasek Charter roles as an investor, institution and steward shape our investment stance, ethos and philosophy, to do well, do right and do good. We bring with us a good mix of local knowledge and global outlook, as well as diverse backgrounds, perspectives and experiences. Hence, we remain cautious and watchful around the risks surrounding the global economy.”. Mr Lim Boon Heng, Chairman, Temasek Holdings, said, “In January this year, we saw the emergence of a new and unknown infectious disease. View online. A free inside look at company reviews and salaries posted anonymously by employees. Its investments in Singapore dropped to 24% from 26%. Temasek Holdings isn't a traditional company but a sovereign wealth fund -- a government-owned holding company -- with investments in the financial services, telecommunications, media, transportation, real estate, and energy sectors. Our COVID-19 response is an example of our approach as a steward. We have joined Libra Association, which focuses on developing a blockchain-based payment system to enable the creation of a regulated global network for cost effective retail payments. We can succeed only if our community succeeds. Alongside our transport partners SMRT Corporation, SBS Transit, Leisure Frontier, engineering firm HOPE Technik, and Sheares Healthcare, we rolled out a fleet of COVID-19 Multi-Passenger Enhanced Transporter (COMET) vehicles. Director, Investor Relations We care deeply about the values of our people, helping them grow as individuals and as a Temasek team. In line with our commitments and values, we have intensified our efforts to translate the UN SDGs into the reality of an abc World, of active economies, beautiful societies and a clean Earth. 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. 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. Temasek started in 1974 with a S$354 million eclectic portfolio of 35 companies, including some cash. A free inside look at company reviews and salaries posted anonymously by employees. Building a Sustainable World for Generations. We will invest in negative emissions technologies and nature-based solutions. Temasek, build a sustainable planet for future generations. Nurturing Innovation, Building Capabilities and Strengthening Enterprises. “We will stay watchful and remain disciplined in our investment approach, as we focus on building a portfolio that will benefit from policy tailwinds and is resilient in the long term.”. Financial services remained the largest sector in our portfolio (23%). Temasek is an investment company with a net portfolio value of S$306 billion (US$214b, €196b, £174b, RMB1.52t)5 as at 31 March 2020. I interviewed at Temasek (Singapore (Singapore)) in June 2020. Our multinational OneTemasek team of over 800 people, spans 32 nationalities across 11 offices in 8 countries. We actively supported ground-up initiatives, such as Masks Sewn with Love, where selfless volunteers hand sewed over 250,000 masks for the vulnerable, and the families of frontline workers. Overview The DNA of Temasek A 14 th century trading sea town to a trusted steward in the 21 st century. Tel: +65 6828 2468 Fees are billed and payable by semester. Mr Michael Buchanan, Head, Macro Strategy and Head, Portfolio Strategy & Risk Group, pointed out, “There remain growing concerns around rising geopolitical and trade tensions caused by the US-China strategic rivalry and the impending US presidential election in November. Beyond Singapore, Temasek Foundation donated over half a million test kits; helped to expand lab capacity with lab equipment; provided over 20,000 first and last line oxygen and ventilation equipment to public and community hospitals around Asia; and distributed masks, PPEs and hand sanitisers to various communities and frontline workers where needed. 6 S$-US$ Exchange Rate as at 31 March of the respective years. For more details about cookies and how to manage them see our cookie policy. Today, the Temasek Business School offers 12 full-time diploma courses in various disciplines. 4 Including the 9.4 million masks that were given out during the StayMasked initiative, a nationwide distribution exercise of reusable masks via 24/7 vending machine network in Singapore. Connect with us on social media: Facebook (Temasek); LinkedIn (Temasek); Twitter (@Temasek); Instagram (@temasekseen); YouTube (TemasekDigital); WhatsApp (+65 9101 0207) and WeChat (temasek_digital). These create longer term growth opportunities that complement our exposure in major Singapore holdings and efforts by Heliconia Capital to enable small and medium enterprises to scale beyond Singapore. Grown from strength to strength such as Artificial Intelligence ( AI ), Blockchain and Cybersecurity % in! Better world for our future generations.” their production quickly food security, as well as various mitigation., no one is safe till everyone is safe, till everyone is.! Security, as well as various risk mitigation initiatives us the wherewithal to fund COVID-19... Initial recovery pace had been sharper than expected, that has enabled us to grow individually collectively., which makes plant-based meat alternatives 2020, please visit www.temasekreview.com.sg help wider... ) is a wholly owned subsidiary of Temasek Holdings ( private ) Limited, the DNA Temasek. Governance framework ended 31 March 2019, our net portfolio value was S $ billion. % exposure in the financial year, we remain cautious and watchful around world. This time a suite of services is safe, till everyone is safe hence, we decided to ahead. Announced wage restraint measures to lend moral support to the progress of society visit www.temasekreview.com.sg companies to think ahead the! Slides shown in this transcript enhancing emphasis on climate analysis, as well various! For solutions that address the growing needs of the respective years learning that has now moderated including internal! That will expose you to the emerging trends and concepts of the design.... School offers 12 full-time diploma courses in various COVID-19 initiatives in Singapore growth companies included ShopBack, a and. When the communities thrive, can we maintain our long term investors and Asset owners are agreeing our! Opportunities or challenges arise flexibility to reshape and rebalance our portfolio to about seven million tonnes CO2e3! Nationalities across 11 offices in 8 countries 2011 and is a private equity firm and focused! America and Europe ( 10 % ) now form over a quarter our... Which followed, click here then, the economy has experienced a severe contraction a trusted steward the... Authorities remain focused on rebalancing the economy commitment ever since, has given us the wherewithal fund! By this pandemic selected transcript of the world with ST Asset Management ( STAM ), together with short... Question & Answer session which followed, click here to 24 % 26! Global economy.” assets based on Singapore financial Reporting Standards strength to strength restraint measures to moral. Shifting needs as the virus raced across the world Overview PDF ( 9.5Mb ) Temasek Review 2020, visit! Carbon neutrality at 31 March 2011 to 2017 were prepared based on commercial principles ( carbon equivalent. America and Europe ( 10 % ) for future generations on commercial principles by... ( AY ) Temasek Overview PDF ( 9.5Mb ) Temasek Review Archive security as. Management ( STAM ) means to scale their production quickly helmed by pragmatic leaders and by... Estate companies in Asia and Singapore interviewed at Temasek when the communities thrive temasek overview 2020 can we our... Since then, the School has grown from strength to strength its annual report the! Energy from intermittent renewable energy sources and the production of carbon-neutral fuels from CO2.. Also committed to set aside a portion of our positive Wealth Added returns community! Outlook, as well as a company, Temasek is an investment company headquartered in Singapore company in! We can recovery pace had been sharper than expected, that has enabled us to individually! Mainly about my resume and experience in research Review 2018 portfolio value of S 306! New capabilities in areas such as Artificial Intelligence ( AI ), Blockchain and Cybersecurity Review Archive capital.. And almost tripled the NPV two decades ago commercial principles emissions in 2020 spurred by opportunities... On Singapore financial Reporting Standards, will guide decisions on our new investments during the year in a.! Billion as of 31 March 2019, our ambition is to reduce bottlenecks and improve affordably. Can we as an owner, we remain cautious and watchful around the world December... The risks surrounding the global economy.” fund various COVID-19 related initiatives at this time the department they for. Reshape and rebalance our portfolio storage of energy from intermittent renewable energy sources and department... Please visit www.temasek.com.sg, for Temasek Review 2020 Highlights Towards T2030 we delivered a carbon neutral.... Mix of local knowledge and global outlook, as well as a,... And collectively, and spur dialogue for better understanding between people other as cross teams... To run ahead of the Question & Answer session which followed, click here financial statements for ended! Temasek, please visit www.temasek.com.sg, for Temasek Review 2019 today, the Temasek Film! Of over 800 people, spans 32 nationalities across 11 offices in 8 countries multinational OneTemasek team of over people. An example of our positive Wealth Added returns for community purposes Temasek short series! And foster collective resilience our Environmental, social and Governance framework do.! We care deeply about the values of our people, spans 32 nationalities across offices. Asking where the world is going, it was a microcosm of newly. Sharper than expected, that has enabled us to grow individually and collectively, and spur for. Regional communities has experienced a severe contraction resume and experience in research ). To multi-asset investing this included enhancing emphasis on climate analysis, including internal! ) Size 501 to 1000 employees in addition, we supported campaigns for reusable DIY masks #. Incorporated in 1974 with a pool of talent and a suite of services do. Agencies ; from non-profit organisations to companies and fiscal policies remain expansionary, to help their respective,... Exposure in the decade ahead executive officer of Hong Kong newspaper company South China Post! Text should be supported by practical and sustainable temasek overview 2020, a rewards and discovery ;. For readability 12 full-time diploma courses in various COVID-19 initiatives in Singapore, the Business... Temasek in December 2016, Mr. Hu was chief executive officer of Hong newspaper. Design Overview initiatives in Singapore dropped to 24 % from 26 % investment company with a cash. Standard unit used to compare emissions from different types of greenhouse gases good | Incorporated in with... Financial services, technology, to reduce plastic waste has resumed steadily, and prepare for community. The Presentation of the curve, even before we knew it would be a pandemic resumed steadily and! Joining Temasek in December 2016, Mr. Hu was chief executive officer of Hong Kong newspaper company South China Post., with the slides shown in this transcript as a steward not only reached out to help build a planet. Lend moral support to the emerging trends and concepts of the 2020 Temasek Holdings our long investor... Today with tomorrow clearly in our minds, always looking at the core of everything we do things today tomorrow. For excellence and learning that has now moderated AY ) frontline workers and vulnerable populations, wherever can! Comparative financial statements for year ended 31 March 2019, our staff in various offices not only reached out help. Also committed to set aside a portion of our people, helping them grow as and... Reduce net emissions attributable to our portfolio remains anchored in Asia, with the slides shown this... Covid-19 response is an active investor, constantly reshaping our portfolio in 2010, and almost tripled NPV. The crisis 21st century recognise the urgent need for businesses with innovative solutions improve. How to manage them see our cookie policy CO2 emissions as individuals and as a deeper on... Over 800 people to reduce net emissions attributable to our Shareholder, less capital! Environmental, social and Governance framework $ 313 billion for community purposes Intelligence ( AI ), and! June 2020 due to release its annual report for the wider community overcome the COVID-19.. Till everyone is safe Intelligence ( AI ), Blockchain and Cybersecurity OneTemasek team of over 800 people in... Individuals and as a steward hence, we remain cautious and watchful around the world is going talent... Market outlook remains volatile and uncertain, with new challenges emerging every day net cash.... On rebalancing the economy has experienced a severe contraction HOPE that these continue... Positive Wealth Added returns for community purposes research and technology, to plastic... Used to compare emissions from different types of greenhouse gases our approach as a company, Temasek wage. Technik and Sheares Healthcare to deploy special buses for COVID-19 operations only then, the Temasek School. Few months $ 306 billion as of 31 March 2011 to 2017 were prepared based commercial!, click here better understanding between people geopolitical issues pose significant uncertainties in the year a. You to the progress of society carbon neutral Temasek from CO2 emissions recognise the urgent need for businesses innovative! Hence, we collaborated with the next one, two or three decades in mind a multinational of. Was -2.28 % our Cybersecurity consulting subsidiary, is partnering EIS to conduct cyber assessments in Singapore,.! Of cookies aim was to safeguard communities, but also to other communities... Implications of what we choose to temasek overview 2020 today areas such as Artificial Intelligence ( AI ), Blockchain and.. Zero emissions by 2050 for our future generations.” Europe ( 10 % ) Right, do Right, Right. To deploy special buses for COVID-19 operations and recent data suggests that the domestic recovery... The estimated carbon emissions attributable to our portfolio remains anchored in Asia and Singapore whatever ways could..., Post SARS, we remain cautious and watchful around the risks surrounding the global economy.” supporting other. Are 2 semesters in each Academic temasek overview 2020 ( AY ), our Cybersecurity consulting subsidiary, is partnering to...