Targets to achieve at least 7.0 MtCO₂e of cumulative direct realised climate impact by 31 March 2028; 3.0 MtCO₂e realised as of 31 December 2024
Singapore – 1 September 2025 – GenZero, a Temasek-owned investment platform committed to accelerating global decarbonisation, has launched its inaugural Sustainability Report titled “Investing in a Climate-Resilient Future”. The report announces GenZero’s climate impact target to achieve at least 7.0 million tonnes (MtCO₂e) in cumulative direct realised climate impact by 31 March 2028, based on its ownership share across its investment portfolio.
This target marks an important step forward for GenZero. As one of the first investment firms globally to set a hard, stake-adjusted target for realised climate impact, it seeks to advance the industry’s understanding on how effectively we can convert climate finance into climate impact. GenZero aims to contribute to the industry dialogue on climate impact measurement by focusing on measurable, stake-adjusted emissions reductions and removals as a step toward greater climate accountability.
“As the industry navigates evolving impact methodologies, GenZero is putting a marker for transparency and rigour,” said
Frederick Teo, CEO of GenZero. “We are not just investing in climate solutions, we are holding ourselves accountable for delivering measurable outcomes. Our stake-adjusted, short-term target underscores this commitment and reinforces the importance of credible, industry-wide impact measurement.”
Early Progress and Portfolio Highlights
Since its launch in June 2022, GenZero has invested in 24 climate-focused ventures across 17 countries and 5 continents, spanning nature-based solutions, technology-based solutions, and carbon ecosystem enablers. As of 31 December 2024, GenZero has delivered 3.0 MtCO₂e in cumulative direct realised climate impact and 12.9 MtCO₂e of cumulative direct and indirect realised climate impact when adjusted for its shareholding. Further gains are expected as portfolio investments scale.
Among other achievements:
752,184 hectares of land (an area approximately 10 times the size of Singapore) are under sustainable management through our nature-based investments.
ESG integration is deepening across the portfolio, with most investee companies and funds incorporating ESG policies, adopting dedicated sustainability roles and board-level oversight of ESG risks.
Driving Industry Standards in Climate Reporting
GenZero’s Sustainability Report draws on globally recognised frameworks, including the IFRS S2 Climate-related Disclosures (ISSB Standards), UN Sustainable Development Goals (SDGs), Operating Principles for Impact Management (OPIM), Greenhouse Gas Protocol (GHGP), and Partnership for Carbon Accounting Financials (PCAF). Looking ahead, the firm intends to align future disclosures with the ISSB and the Taskforce for Nature Financial Disclosures (TNFD) standards.
“Our report reflects our belief that data-backed transparency is key to building trust and scaling impact,” added
Teo. “Climate leadership is not just about where we invest, it is about how we measure success and hold ourselves to account.”
About GenZero
GenZero is an investment platform company focused on accelerating decarbonisation globally. Founded by Temasek, we seek to deliver positive climate impact alongside long-term sustainable financial returns by investing in opportunities with the potential to be nurtured into impactful and scalable solutions.
Driven by a common purpose to decarbonise for future generations, we recognise the need for a holistic and integrated approach to achieve a net zero world. At GenZero, we adopt a flexible investment approach across three focus areas to drive climate impact: (i) nature-based solutions that help protect and restore our natural ecosystems while benefiting local communities and biodiversity; (ii) technology-based solutions that deliver deep decarbonisation impact; and (iii) carbon ecosystem enablers which refer to companies and solutions that support the development of an effective, efficient and credible carbon ecosystem.
For more information on GenZero, visit https://www.genzero.co.