Financial Times: “Can Transition Finance Get Us to a Greener Future?”
RFF Board Member Kyung-Ah Park is quoted in this article about how investors can help decarbonize hard-to-abate industries.
At Temasek, Singapore’s state-owned investor, a Climate Transition Readiness Framework is used to assess the maturity of portfolio companies. The framework covers aspects of a business such as board-level oversight, organisational capacity, emissions reduction targets, the alignment of capital allocation with those targets and the accountability measures needed to report on progress in meeting decarbonisation goals.
“We’ve worked with 19 of our portfolio companies, the majority of which are in Singapore, to map out where they are on transition readiness and to identify key gaps where we can do more focused engagement,” says Kyung-Ah Park, head of ESG investment management and managing director of sustainability at Temasek. “We want them to have a much more concrete decarbonisation road map and be more accountable for execution.”
