Temasek-owned decarbonization solutions-focused investment platform GenZero announced the launch of a new sustainable investment target, aiming to achieve at least 7 million tons of CO2e (MtCO2e) of cumulative direct realized climate impact by March 31, 2028, based on its ownership share across its investment portfolio.
GenZero was launched by Temasek in 2022, as an investment platform focused on accelerating decarbonization globally, and to deliver positive climate impact alongside long-term sustainable financial returns.
To date, the platform has invested in 24 climate-focused ventures across 17 countries, with a focus on nature-based solutions that help protect and restore ecosystems while benefiting local communities and biodiversity, technology-based solutions that deliver deep decarbonization impact, and carbon ecosystem enablers, supporting the scaling of carbon markets and enabling broader industry decarbonization.
The new target was announced alongside the release of GenZero’s inaugural Sustainability Report, outlining the platform’s progress to date and approach to climate impact. According to the report, GenZero has delivered 3 MtCO2e of direct realized climate impact to date as of the end of 2024, with over half achieved in the past year. The report also outlines GenZero’s definition of “realized impact,” as constituting actual emissions reductions or removal by solutions that have already occurred, and not including future projected impact.
In the report, GenZero stated:
“This figure does not include the substantial long-term direct impact that could be enabled by emerging decarbonisation technologies, nor does it capture indirect or transformational climate impact. In line with the principles underpinning our approach to climate impact measurement, we have focused our target solely on direct climate impact, which we believe is the most defensible, transparent, and attributable metric at this stage.”
When also considering indirect impact, the report noted that GenZero’s stake-adjusted cumulative realized climate impact to date exceeds 12 million tons. Additional achievements detailed in the report include reaching over 752,000 hectares of land under sustainable management through nature-based investments, and increasing ESG integration across the portfolio, with 63% of the portfolio having an ESG policy in place, and 83% having dedicated ESG roles.
GenZero CEO Frederick Teo said:
“As the industry navigates evolving impact methodologies, GenZero is putting a marker for transparency and rigour. We are not just investing in climate solutions, we are holding ourselves accountable for delivering measurable outcomes.”
