Temasek Likely to Miss 2030 Climate Target, CEO Pillay Says
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Article Excerpt
Temasek Holdings is likely to miss its net-zero climate target by a decade, with the state investor’s chief executive officer saying it would take more than 10 years to decarbonize its energy-intensive projects.
“We won’t make it,” said Pillay, in comments first reported by Reuters. “We need the world to make that journey… It will be a decade or so beyond our 2030 target.”
Pillay’s admission comes as Temasek has come under scrutiny for its heavy investments in fossil fuel projects, with environmental activists and some of the firm’s own staff calling on it to divest.
Temasek’s net-zero pled…
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May 18, 2026