As a global investor, our social licence to operate depends on our ability to create value for all stakeholders, including our communities. We believe in seeding social capital to foster a more inclusive and resilient world, so every generation prospers.
Our journey in building social capital started over 20 years ago, when we adopted a deliberate and structured approach, anchored on the twin pillars of governance and sustainability, to give back to communities.
Since 2003, we have been setting aside a portion of our net positive returns above our risk-adjusted cost of capital for community gifts. These are approved by the Temasek Board and then donated to partners to achieve our community objectives of Connecting People, Uplifting Communities, Protecting our Planet, and Advancing Capabilities.
Temasek Trust (TT) has been the primary beneficiary of our gifts. TT disburses grants for programmes to be developed and delivered by our non-profit ecosystem, including Temasek Foundation (TF), Temasek Life Sciences Laboratory (TLL), Stewardship Asia Centre, and Mandai Nature. Our non-profit ecosystem has evolved over the years to better handle multi-faceted and complex social challenges.
To date, Temasek’s gifts to TT have impacted about 4.4 million lives across Singapore and beyond.
TT continues to build on its vision of being a responsible steward of philanthropic assets. It aims to catalyse positive impact aligned to Temasek’s community objectives.
Among TT’s new initiatives were the acquisition of MoneyOwl, a financial advisor with a social mission to empower people to improve their financial security, and the establishment of TT Foundation Advisors which provides philanthropy advisory and management services.
TF implemented about 150 community programmes over the last financial year. One of these was the Temasek Foundation – Autism Resource Centre (Singapore) Supported Living and Training Programme for individuals aged 18 and above who are on the autism spectrum with low to moderate needs. The programme aims to support them in community living through independent skills training.
TLL’s Decarbonising Rice Project was recognised as a Breakthrough Scientific Contribution and won the World Economic Forum’s Giving to Amplify Earth Action Award. The project aims to mitigate the effects of climate change and meet the growing global demand for rice by reducing methane emissions, conserving water, and enhancing yields. The project has attracted funding from global funders via Philanthropy Asia Alliance, and large acreage trials are ongoing in Laos, India, and Indonesia.
Beyond our non-profit ecosystem, Temasek works with partners from the Public, Private, and People sectors to advance our community objectives, where our philanthropic capital, network, and industry insights can make the most impact.