GenZero is an investment platform company that aims to accelerate decarbonisation globally
The climate crisis requires urgent, collaborative action from countries, companies, and communities to transit to a low-carbon economy and ensure a more sustainable world for all
GenZero is founded by Temasek, a global investment firm
headquartered in Singapore.
GenZero believes in investing through patient capital and
strategic partnerships to accelerate decarbonisation and reduce
global carbon emissions. The world is our shared responsibility. We must take action today to achieve net zero, for our future generations.
GenZero’s mandate enables us to invest in a range of opportunities
that delivers positive climate impact alongside long-term
sustainable financial returns:
Focused on DecarbonisationDedicated team with deep expertise in investments and sustainability
Long-term, Flexible CapitalAbility to invest early and take long-term views in innovative solutions that require capital for growth and to scale
Operating CapabilitiesEngaging with portfolio companies to help grow and scale climate solutions
Global NetworksStrong presence in Asia with global expertise, networks and ecosystems
GenZero will invest globally across three focus areas:
Delivering deep decarbonisation impact through climate-driven technologies
Helping to protect and restore our natural ecosystems to generate climate impact while benefiting local communities and biodiversity
Supporting the development of an effective, efficient, and credible carbon markets ecosystem
Climate-driven technologies that deliver fundamental decarbonisation impact
Examples: Low-carbon materials, Carbon Capture, Utilisation and Sequestration (CCUS), and advanced biofuels
Many decarbonisation technologies and innovations already exist but require capital to accelerate commercial viability and deployment to scale
These opportunities will help decarbonise sectors such as power and energy, transport and building, industry and manufacturing
Such credits can provide additional funding mechanism to reduce the green premium and accelerate deployment of technologies
Particularly for emissions from hard-to-abate sectors
Example: To accelerate the adoption of sustainable materials with lower carbon footprint to displace conventional products, carbon credits associated with the production of sustainable products can help bridge the ‘green premium’ by offsetting higher production costs that producers may face today
Climate solutions that protect, restore, and manage natural ecosystems to avoid, reduce, or remove carbon, while benefiting local communities and enhancing biodiversity
Examples: Forests conservation and restoration, blue carbon, and sustainable agriculture
Nature-based solutions can provide over one-third of the cost-effective climate mitigation needed to achieve net zero emissions by 2050
Support from the private sector plays a critical role in scaling NBS implementation
When purchasing these credits, companies and individuals will support projects and activities that protect ecosystems, reduce or remove emissions and support community development
This enables climate action to start now, while accounting for their residual emissions
Example: While reduction is a priority, companies will still have unavoidable emissions. Purchasing high-quality carbon credits can help offset residual emissions while funding real emission reduction projects and putting a price on carbon
Companies and solutions that support the development of an effective, efficient, and credible carbon markets ecosystem
Examples: Carbon advisory, exchange and infrastructure, technology enablers such as Monitoring, Reporting & Verification (MRV) and regenerative forestry technologies
An effective and trusted carbon market can accelerate decarbonisation by providing a mechanism to fund decarbonisation technologies and projects
While a credible ecosystem and market will be critical to enhance transparency and confidence
Robust science, research and methodology is needed to track and monitor carbon sequestration. MRV technology can help assess and validate additionality and permanence at scale by using technology such machine learning and remote sensing
Carbon markets also require transparency on pricing and quality, and seamless infrastructure to enable efficient trading. Carbon exchange and marketplace can help provide transparency, trust, and prevent issues such as double counting
Aligned with our vision to create an effective, credible, and efficient
carbon ecosystem, GenZero invests in and partners with companies that
share our ambition.
Decarbonization Partners is a partnership between Temasek and BlackRock focused on late-stage venture capital and early growth private equity investing in next-generation companies that provide solutions and technologies to help accelerate global efforts to achieve a net zero global economy by 2050.
We will work with Decarbonization Partners to invest in proven, next-generation renewable and mobility technology as well as in building and manufacturing sectors to drive decarbonization, resource efficiencies, and material and process innovation.
Brookfield Global Transition Fund (BGTF) is managed by Brookfield Asset Management and focusing on investments that accelerate the global transition to a net zero carbon economy.
We have invested in BGTF, which will target investment opportunities relating to reducing emissions and energy consumption, as well as increasing low-carbon energy capacity and supporting sustainable solutions.
Newlight is a US-based biomaterial manufacturer that has developed a proprietary process to produce AirCarbon, a reusable, naturally-occurring, environmentally degradable material made from methane and air to displace plastics with sustainable products.
We have invested in Newlight to support its growth plans.
C-Quest Capital is a social impact project developer that aims to transform the lives of rural communities through high impact carbon finance projects around the world.
Our joint investment with C-Quest Capital will fund deployment of clean, energy efficient cookstoves to rural households in Southeast Asia.
New Forests is a global investment manager of nature-based real assets and natural capital strategies.
We have invested in Tropical Asia Forest Fund 2, managed by New Forests, which aims to develop a diversified portfolio of sustainable forest plantation assets in Southeast Asia and support the region’s transition towards responsible forestry management.
Global Evergreening Alliance (GEA) is an international NGO, which coordinates the development and implementation of massive-scale land restoration programs around the world.
Our partnership, together with Temasek, supports farming communities in Kenya to improve their livelihoods through land restoration and tree planting, as part of GEA’s Restore Africa programme.
South Pole is a global climate solutions firm that develops and implements emission reduction projects and strategies for companies, governments and organizations around the world.
Our investment aims to help scale up South Pole’s existing presence and activities in Asia and beyond, to develop emission reduction projects and offer new clients a range of services, including setting science-based emissions targets, creating climate strategies, compensating for unavoidable carbon emissions, and measuring climate impact.
Climate Impact X (CIX) is a global marketplace and exchange for quality carbon credits, jointly established by DBS Bank, Singapore Exchange, Standard Chartered and Temasek.
We will partner CIX on scaling an effective and transparent voluntary carbon market.
Perennial is a US-based early-stage start-up using artificial intelligence and remote sensing to accurately quantify soil organic carbon sequestration on agricultural lands.
We jointly invested with Temasek to accelerate Perennial's go-to-market plans.
Frederick is Chief Executive of GenZero.
In this role, Fred oversees the direction of the company and leads the execution of our strategies to achieve both climate impact and sustainable long-term financial returns.
Prior to his appointment at GenZero, Fred held various leadership positions in Sustainability, Portfolio Management and Business Continuity Management in his 12 years at Temasek International. As Managing Director of Sustainable Solutions, he established the team and conceived capability programmes in clean energy, urban, and climate and nature solutions. He led key initiatives such as the establishment of Climate Impact X, a global marketplace and exchange for carbon credits, as well as Singapore’s first brownfield distributed district cooling retrofit project in partnership with SP Group.
Fred worked on value creation projects with some of Temasek’s large portfolio companies like Singtel and MediaCorp and led corporate governance and stewardship initiatives within the Portfolio Management team. Fred also led several community programmes. In 2014, he partnered Temasek Foundation to execute a nationwide delivery of mask kits during a severe haze episode and worked with ST Engineering on the development of the world’s first N95 masks specifically designed for young children.
Fred holds a MSc in International Relations from the London School of Economics, and a BA and MA in Philosophy, Politics and Economics from Lincoln College, Oxford University.
Ling Min is a Director in the Investment Group at GenZero, and she is responsible for investments in nature-based solutions and carbon ecosystem enablers.
Before GenZero, she was Director in Temasek International’s Sustainability Group. She accumulated more than 10 years of experience investing in global companies across diverse industry sectors, including transportation, logistics, industrials and real estate. She also led early-stage supply chain technology investments at Reefknot Investments, a joint venture fund between Temasek and Kuehne+Nagel.
Ling Min is also currently a Board observer of C-Quest Capital SGT Asia Stoves and Perennial.
Ling Min graduated from the Singapore Management University with a Bachelor of Science in Economics and a Bachelor of Business Management.
May is a Director in the Investment Group at GenZero, and she is responsible for investments in technology-based decarbonisation solutions.
Before GenZero, she was Head of Sustainability and Innovation at SP Group, a leading utilities company in Asia Pacific. There, she led several key initiatives in energy transition, including strategising its sustainability focus on UN Sustainable Development Goals, investing in cutting edge sustainable technologies and venture-building of innovative business models. Her achievements include incubating and building the world’s first blockchain-powered Renewable Energy Certificate (REC) platform to accelerate the adoption of renewable energy.
She also worked in JP Morgan investment banking arm, in their New York and Hong Kong office, where she executed strategic business reviews and capital markets transactions across fast changing economic conditions. May started her career as a financial analyst with Fidelity Investments and private equity fund investments with Temasek.
May graduated from Boston University with a Master of Business Administration.
Ann-Marie is a Director in the Investment Group at GenZero, and she is responsible for investments in technology-based decarbonisation solutions.
Before GenZero, she was Head of Asia Pacific (Direct Investments/ Impact Investing) at an UHNW European single-family office. There, she led the deal sourcing of growth equity deals across Southeast Asia, Australia and Hong Kong, focusing on Clean tech, Sustainable Food & Agri, and Circular Economy. Ann-Marie also worked as a Thailand coverage banker at Deutsche Bank and UBS serving clients from the real estate, technology, industrials and FMCG sectors.
Ann-Marie graduated from Carnegie Mellon University with a Bachelor of Business Administration (IT track), Double major in Economics, and Master of Information Systems.
Nicholas is an Assistant Vice President in the Investment Group at GenZero.
Before GenZero, he was Assistant Vice President in Temasek International’s Sustainability Group looking at catalysing solutions in carbon capture and its utilisation, advanced biofuels and hydrogen. Before Temasek, he worked at ExxonMobil.
Nicholas graduated from the National University of Singapore with a Bachelor of Engineering in Chemical and Biomolecular Engineering.
Bryan is an Assistant Vice President in the Investment Group at GenZero.
Before GenZero, he was at Surbana Jurong Capital working on sustainable infrastructure investments and fundraising activities. Before that, Bryan was a Senior Manager in the Deals Advisory team at PwC, focusing on energy and infrastructure M&A in Asia Pacific.
Bryan graduated from Nanyang Technological University with a Bachelor of Business, and is a CFA charterholder.
Taisheng is a Senior Associate in the Investment Group at GenZero.
Before GenZero, he was in KPMG’s Corporate Finance team based in Singapore, covering M&A, public takeovers, and other capital raising transactions. His coverage included subsectors such as technology, real estate, healthcare, and industrials.
Taisheng graduated from Nanyang Technological University with a Bachelor of Accountancy.
Chun Kiat is an Associate in the Investment Group at GenZero.
Before GenZero, he was based in San Francisco as an Investment Analyst at Scrum Ventures, where he invested in early-stage technology companies in Silicon Valley. He also co-developed technology that automatically measures water quality in a sustainable manner.
Chun Kiat graduated from the National University of Singapore with a Bachelor of Business Administration.
Chelsea is an Associate in the Investment Group at GenZero.
Before GenZero, she was part of Temasek International’s Sustainability Group, covering carbon markets and nature-based solutions. She previously undertook several research projects on climate change and natural disasters at the Asian School of the Environment.
Chelsea graduated from Nanyang Technological University with a Bachelor of Science in Environmental Earth Systems Science (specialising in Society and the Earth Systems).
Ashley is a Director in the Strategy & Development Group at GenZero, where she leads the development of GenZero’s investment strategy and drives business development.
Before GenZero, she was Director in Temasek International’s Sustainability Group, focusing on developing sustainability strategy in the areas of carbon markets, climate and nature, sustainability investing and sustainable finance. Prior to the Sustainability Group, Ashley was in the Investment Group and made investments of over US$5b across over 10 transactions in retail, restaurants, and personal care subsectors globally. Ashley started her career at the CIMB Group.
Ashley graduated from the London School of Economics and Political Science with a Bachelor of Science in Mathematics and Economics.
Anshari is a Vice President in the Strategy & Development Group at GenZero, and he is responsible for providing thought leadership on policy, regulations and standards in support of GenZero’s investment activities.
Before GenZero, he was a climate change negotiator with the National Climate Change Secretariat under the Prime Minister’s Office. He had represented the Singapore Government at various multilateral fora such as the UNFCCC, UNCBD, IPCC and ASEAN. In total, Anshari has accumulated over 10 years of experience in multilateral negotiations and policymaking.
Anshari has coordinated whole-of-government initiatives such as Singapore’s updated Nationally Determined Contribution and carbon markets strategy. He was also the lead carbon markets negotiator for Singapore, and has co-chaired expert level negotiations on Article 6 of the Paris Agreement (international market and non-market based cooperation).
Anshari graduated from the National University of Singapore with a Bachelor of Science (Life Sciences).
Rui is an Assistant Vice President in the Strategy & Development Group at GenZero.
Before GenZero, she was Assistant Vice President in Temasek International’s Sustainability Group, focusing on Temasek’s sustainability strategy and related investments in the areas including climate change, nature-based solutions, carbon markets, impact investing.
Rui started off as an investment banking analyst at Bank of America Merrill Lynch in Hong Kong. She has also worked in the CEO’s Office at South China Morning Post, a Hong Kong-based media group, looking after its corporate strategy and investments. Rui also has experience working with impact investor and micro enterprise incubator in Pakistan and Kenya.
Rui graduated from Columbia University with a Master of Public Administration in Development Practice, and obtained from Georgetown University a Bachelor of Arts in Political Economy.
Chloe is a Senior Associate in the Strategy & Development Group at GenZero.
Before GenZero, she was part of Temasek International’s Sustainability Group, supporting the team on work around the development of carbon markets and shaping the strategy on nature-based solutions for climate change adaptation and mitigation. Before Temasek, Chloe worked in Meteorological Service Singapore, an operational pillar under the National Environment Agency.
Chloe graduated from Monash University, Melbourne, Australia , with a Bachelor of Environmental Science.
Benjamin is an Associate in the Strategy & Development Group at GenZero.
Before GenZero, he was in Temasek International’s Sustainability Group, covering emerging sub-sectors such as sustainable materials & hydrogen. He started his career at the Agency for Science, Technology and Research (A*STAR), managing Singapore’s Low-Carbon Energy Research Funding Initiative and supported capacity building of R&D knowledge in the nascent research fields - hydrogen and carbon capture, utilization, and storage (CCUS).
Benjamin graduated from the University of Tokyo, Japan with a Bachelor of Liberal Arts in Interdisciplinary Sciences (major in Environmental Sciences).
Jeraine is the Finance Director in the Corporate Services Group at GenZero, where she plays an instrumental role in stewarding GenZero’s financial resources.
Before GenZero, she was Finance Director at InfraCo Asia, an international infrastructure development and investment company, where she set up and led the finance team, working closely with international stakeholders and business partners.
She started off as an auditor in KPMG Singapore and London, working largely with banking/financial institution and infrastructure clients. She also spent a number of years working at a UK bank and a Fortune 500 energy company.
Jeraine graduated from Nanyang Technological University with a Bachelor of Accountancy, and is a Chartered Accountant with the Institute of Singapore Chartered Accountants (ISCA).
Ting is the Legal Director in the Corporate Services Group at GenZero, where she provides leadership on contractual, compliance and corporate governance matters.
Before GenZero, she was at Shell for ~13 years, where she was the lead lawyer for significant investments, assets and projects in the energy value chain which spans across the upstream, LNG, gas, downstream and decarbonisation space.
Ting started off in private practice, focusing on project finance and M&A work. She has broad in-house experience across industries such as IT, F&B, printing and hospitality.
Ting graduated from the National University of Singapore with a Bachelor of Law and has been admitted to practice law in Singapore.
Fion is an Admin Manager in the Corporate Services Group at GenZero.
Before GenZero, she worked at various multinational companies, including GIC and Prudential Assurance Company, where she managed internal teams while coordinating and implementing projects and events at the same time. In total, she has over 17 years of administrative and operations experience.
Fion is also a registered nurse under the Singapore Nursing Board.
Sunny George Verghese is the Co-founder & Group CEO of Olam, a leading food and agri-business, headquartered in Singapore and ranks amongst the top 30 companies in terms of market capitalisation on the Singapore Exchange.
From 2018 to 2021, Sunny was Chair of the World Business Council for Sustainable Development (WBCSD). He also served as a Commissioner of the Business & Sustainable Development Commission (BSDC) in 2016. He served on the Board of International Enterprise Singapore from 2002 to 2013 and was its Chair from 2008 to 2013.
In April 2022, Sunny was appointed as Chairman of GenZero, an investment platform company, wholly-owned by Temasek, dedicated to accelerating decarbonisation globally. He is also currently Chairman of the Board of the Human Capital Leadership Institute (HCLI), Singapore, Chairman of JOil (S) Pte Ltd and also serves on the Board of Trustees of Singapore Management University.
Sunny was conferred The Public Service Medal by the Government of Singapore in August 2010.
He holds a post graduate management degree from the Indian Institute of Management Ahmedabad (IIMA) and has also completed the Advanced Management Program (AMP) from the Harvard Business School.
Goh Swee Chen is a Board Member of GenZero. She is President - Global Compact Network Singapore, a UNGC Local Network and chairs the Institute HR Professional. She is also currently the Chairman at the National Arts Council, and the Chairman of Nanyang Technological University (NTU). She joined Shell in 2003 and retired as Chairman, Shell Companies in Singapore in January 2019. She was previously with Procter & Gamble and IBM. A global leader, she has lived and worked in Singapore, Malaysia, Netherlands, Australia, USA, Japan and China. Swee Chen has a diverse professional background, having led significant businesses in Oil & Gas, Consumer Goods and IT sectors.
Swee Chen serves on the Boards of Singapore Airlines, SP Group, JTC Corporation, Woodside Petroleum (Australia) and Resilience Collective. She is also a member of the Legal Services Commission, Singapore Research, Innovation and Enterprise Council and Centre for Liveable Cities Advisory Panel.
Swee Chen had previously chaired/served in the Boards of Shell Joint Ventures in China, Korea and Saudi Arabia, as well as CapitaLand Investment and Centre for Liveable Cities Ltd.
Swee Chen graduated with B.Sc. - Victoria University and MBA - Chicago Booth, University of Chicago. She was named Distinguished Alumni, Chicago Booth, in 2018. She is married with three children.
Dr Steve Howard is a Board Member of GenZero. He is also currently the Chief Sustainability Officer at Temasek, the Founding Chair of the We Mean Business Coalition and a member of the LeapFrog’s Global Leadership Council. In addition, Steve is on the Administrative Board of SEforALL, and until recently was Co-Chair of the World Economic Forum’s Global Future Council on Environmental and Natural Resource Security.
Steve was Chief Sustainability Officer at IKEA Group and served on IKEA’s Executive Group Management from 2011-2017. In 2015, Steve co-founded We Mean Business, a leading climate change coalition of organisations that helped support the Paris Agreement. Prior to IKEA, Steve was Founder and CEO of The Climate Group, a global NGO that has built networks of cities, states, regions, and businesses committed to a net-zero carbon world. Before the Climate Group, Steve consulted on sustainability for major corporations and institutions, working as a partner at ERM Group in London and a Director at URS Corporation. He has worked with various NGOs and UN bodies on a wide range of global sustainability topics. Earlier in his career, Steve worked in WWF, where he established the Global Forest and Trade Network, chaired the UK Forest Stewardship Council and helped launch and chair The Forest Trust.
Steve is trained as an ecologist and has a PhD in Ecophysiology and Environmental Physics based on research in Kenya.
Dr Ruth Nussbaum is a Board Member of GenZero. She has been working with responsible production and sourcing of natural resources for more than two decades and was a co-founder of Proforest.
Ruth has worked with companies, governments and NGOs in more than 40 countries on the practical implementation of responsible practices, supporting collaboration between different stakeholders, developing international and national policies and standards, and writing a range of guides and books.
Ruth sits on the board of the Climate and Land Use Alliance and the Sustainable Sourcing Advisory Board of Unilever. She is also a member of advisory groups for IDH, TFA, ISEAL and APRIL.
Alan Thompson is a Board Member of GenZero. He is also currently an Operating Partner at Temasek International. Prior to that he was Joint Head of Strategic Development. Alan was previously Senior Managing Director of the Enterprise Development Group, Joint Head of Private Equity Fund Investments and Managing Director, Portfolio Management, and Managing Director, Telecommunications and Media. He was also based in Sao Paulo for several years as Managing Director, Latin America while he established Temasek’s offices in Latin America.
Prior to joining Temasek in 2004, he was a Partner at Stern Stewart & Co, where he led numerous client engagements on managing for shareholder value across a wide range of industries in Southeast Asia, Australia and South Africa.
Mr Thompson previously worked in the private equity fund of a large banking group in South Africa, and had ten years of operational experience in the high-tech sector in South Africa, spanning software engineering, systems engineering and executive management roles.
He holds an MBA, a Graduate Diploma in Engineering and a B.Sc. Engineering (Electrical) degree, from the University of the Witwatersrand in Johannesburg, South Africa.
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At GenZero, we are passionate about sustainability and making a real difference, for future generations, towards a net zero world.
Join our team for an exciting opportunity to catalyse climate solutions and create positive impact.