The two investors' new JV underlines Temasek's commitment to carbon neutrality, but other sovereign wealth funds are unlikely to follow with their own venture capital investments.
The Singapore state fund recently bought into impact investing specialist LeapFrog, and is eyeing more investments that combine strong financial returns with a positive social effect.
Asset owners can influence gender parity efforts in listed companies by engaging with companies or investing in passive indices.
The Singapore funds have reinforced their standing as the world's most active sovereign wealth investors, underlining the benefits of strong global resources and partnerships.
The chief executive's decision to step down after nearly 17 years ends an era of rapid evolution. New CEO Dilhan Pillay will need to accelerate Temasek's move into modern areas.
BLF chief steps down; Temasek appoints new CEO; EPF replaces CEO; BlackRock names new Asia Pacific head; CIFM appoints new fund manager; M&G hires HK intermediaries head; Amundi creates OCIO division; Schroders names new Australia CEO; BNY Mellon WM closes HK office; HKEX appoints new CEO and more.