- Collaboration to catalyse climate finance into ecosystem restoration, decarbonisation technologies, and enhance carbon market integrity
- Partnership offers the potential for Tencent to invest in at least one million verified, high-quality carbon credits within GenZero’s investment portfolio, over the period of 15 years
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SHENZHEN/SINGAPORE, 6 May 2025 – Tencent, a leading Internet and technology company, has entered into a Memorandum of Understanding (MoU) with GenZero, a Temasek-owned investment platform focused on accelerating decarbonisation globally. The partnership is structured to mobilise capital towards high-integrity climate solutions, enhance market transparency, and strengthen trust in global carbon credit systems.
Under the MoU, Tencent will have the opportunity to offtake at least one million verified, high-quality carbon credits within GenZero’s investment portfolio, over a period of 15 years. This represents an estimated abatement of at least one million tonnes of greenhouse gases, driving progress in projects that will not only reduce emissions, but also benefit the broader community.
All projects will be verified under leading international standards or the Paris Agreement Crediting Mechanism, to ensure real, measurable, and verifiable emissions reductions and removals. Tencent and GenZero will prioritise projects in areas where finance is most needed, whilst also ensuring that these projects deliver co-benefits such as improved local livelihoods.
A core focus of this strategic partnership is to enhance transparency and rebuild trust in international carbon markets. To achieve this, Tencent and GenZero will collaborate on de-risking high-quality carbon projects through the support of pre-feasibility studies, strengthening market integrity with robust MRV (Monitoring, Reporting and Verification) technology and improving liquidity through robust market mechanisms. Additionally, both parties will continue to explore opportunities to invest in and scale climate solutions by leveraging their respective networks to identify promising investment prospects that could benefit from co-investment.
Frederick Teo, CEO of GenZero, said: “Tackling the challenge of climate change requires global collaboration. We are delighted to work with a like-minded partner like Tencent to accelerate the momentum for climate action. Tencent has already demonstrated considerable leadership in driving the next generation of climate technologies and we are delighted to have entered into this broad partnership that encompasses all three areas of our core approach: nature-based solutions, technology-based solutions, and carbon ecosystem enablers. Tencent’s support will help address critical funding gaps to achieve regional net-zero goals. By combining our expertise and networks with those of Tencent, we can make a difference in helping carbon markets to scale, especially in the Asia-Pacific region.”
Xu Hao, Vice President of Tencent’s Sustainable Social Value Organisation, said: “Addressing climate change requires innovative collaboration and sustained effort across industries. We are delighted to partner strategically with GenZero, a global leader in accelerating climate solutions. Leveraging our digital capabilities and GenZero’s expertise, we aim to enhance carbon market transparency, promote innovative climate technologies, and deploy blended finance models to accelerate the global transition to net-zero, while creating meaningful impact for communities.”
About GenZero
GenZero is an investment platform company focused on accelerating decarbonisation globally. Founded by Temasek, it seeks to deliver positive climate impact alongside long-term sustainable financial returns by investing in opportunities with the potential to be nurtured into impactful and scalable solutions.
Driven by a common purpose to decarbonise for future generations, GenZero recognises the need for a holistic and integrated approach to achieve a net zero world. It adopts a flexible investment approach across three focus areas to drive climate impact: (i) nature-based solutions that help protect and restore natural ecosystems while benefiting local communities and biodiversity; (ii) technology-based solutions that deliver deep decarbonisation impact; and (iii) carbon ecosystem enablers that support the scaling of carbon markets and enable broader industry decarbonisation.
For more information on GenZero, visit www.genzero.co.
About Tencent
Tencent is a global technology and entertainment company, with products and services that span communication networks, entertainment platforms and enterprise solutions. These products and services connect individuals and businesses, transforming how people work, live, and play in the digital world.
Headquartered in Shenzhen and listed on the Stock Exchange of Hong Kong since 2004 (00700.HK), Tencent is committed to technology for good to address global challenges and create lasting value to our users, partners, and society.
The company’s commitment to corporate responsibility and sustainability is recognised by the Dow Jones Sustainability World Index and Sustainalytics ESG Risk Rating. Time magazine named Tencent among the “World’s Most Sustainable Companies” (2024) for its efforts to achieve carbon neutrality across its operations and supply chain by 2030. Tencent is a proud signatory to the United Nations Global Compact.
For more information on Tencent, visit www.tencent.com.