Singapore Brief

In line with its focus on sustainability investing in the last few years, state investment company Temasek has launched a separate investment company dedicated to decarbonisation solutions, and committed an initial amount of S$5 billion as its startup capital. Called GenZero, the new investment platform will deploy this capital across 3 investment focus areas: technology-based solutions that seek to help organisations decarbonise, nature-based solutions that aim to protect and restore the Earth’s ecology, and solutions that support the development of a carbon ecosystem. Speaking at its launch on Monday (Jun 6), GenZero’s chief executive officer designate Frederick Teo said that the investment platform will adopt a flexible investment approach and look at viable solutions from early-stage companies, as well as commercially-ready technologies from mature companies. Companies developing solutions that could potentially have a climate impact, are commercially scalable to ensure financial returns or are in need of catalytic capital, are GenZero’s broad investing parameters.

Urban, infrastructure and managed services consultancy company Surbana Jurong has entered into an agreement with SP Group to install electric vehicle (EV) charging points at its new global headquarters, the Surbana Jurong Campus. Located in the Jurong Innovation District, the on‐campus EV charging hub is expected to be the largest in South-east Asia. The hub will eventually allow up to 250 drivers to park and charge their vehicles at a time, Surbana Jurong said in a statement on Monday (Jun 6). SP currently operates Singapore’s largest public fast‐charging EV network which covers over 500 charging points across more than 100 locations. Group chief executive officer of SP Stanley Huang noted that the company aims to accelerate the adoption of electro-mobility in Singapore to support the Republic’s net-zero emissions goal. Singapore’s Ministry of Transport also aims to install at least 3 EV charging ports in all Housing and Development Board car parks by 2025.