February 9, 2022, Zurich, Switzerland: South Pole is proud to announce two new minority investors: Temasek, a global investment company headquartered in Singapore, via its carbon solutions platform, and Salesforce Ventures, the global investment arm of Salesforce, based in San Francisco. Temasek and Salesforce Ventures will reinforce South Pole's strong commitment to scaling up climate action in Asia and North America respectively.
"We don't have much time left to reach net zero emissions. As a global leading climate finance and technology-based company, we are excited to welcome Temasek and Salesforce Ventures as new shareholders. After leading European impact investor Lightrock joined South Pole in early 2021, adding new technology-driven investors from Asia and the U.S. is the next logical step to underscore our ambition to democratize climate action," said Renat Heuberger, CEO and co-Founder of South Pole.
This investment underscores Temasek's continuing journey to catalyse decarbonisation efforts that will address today's climate challenges. This partnership will offer new clients a range of services, including measuring climate impact, setting science-based emissions targets, creating emission reduction strategies, compensating for unavoidable carbon emissions, and investing in climate finance.
Isabel Hagbrink, Director of Global Communications, [email protected]
South Pole, recognized by the World Economic Forum as a Social Enterprise, has been at the forefront of decarbonization since 2006. South Pole both develops emission reduction projects globally as well as implements comprehensive climate solutions and strategies that turn climate action into long-term business opportunities for companies, governments and organizations around the world.
South Pole is also a leading carbon project developer, and has provided nearly 1,000 projects in over 50 countries with climate finance to reduce over a gigaton of CO2 emissions and social benefits to less privileged communities who are particularly vulnerable to climate change. In partnering with Temasek, South Pole aims to dramatically scale up emission reduction projects across Asia, building on its presence in the region since 2006. Follow @SouthPoleglobal on social media and learn more at southpole.com
Temasek is a global investment company with a net portfolio value of S$381 billion (US$283b) as at 31 March 2021. Headquartered in Singapore, it has 13 offices in 9 countries around the world. The Temasek Charter defines Temasek's three roles as an Investor, Institution and Steward, which shape its ethos to do well, do right, and do good. As a provider of catalytic capital, it seeks to enable solutions to key global challenges. With sustainability at the core of all Temasek does, it actively seeks sustainable solutions to address present and future challenges, as it captures investable opportunities to bring about a sustainable future for all. For more information on Temasek, please visit www.temasek.com.sg.
Salesforce Ventures is the global investment arm of Salesforce and is focused on partnering with the most ambitious enterprise technology companies at every stage in their journey. Since 2009, Salesforce Ventures has invested over $3 billion in over 400 leading companies including Airtable, Databricks, DocuSign, Guild Education, Hopin, monday.com, nCino, Snowflake, Snyk, Stripe, Tanium, and Zoom. Salesforce Ventures provides portfolio companies with unparalleled access to Salesforce, one of the fastest-growing enterprise software companies in the world, including strategic advisory, customer introductions, and the strongest cloud ecosystem. Salesforce Ventures has invested in more than 25 countries with offices all over the world including in San Francisco, Irvine, New York, London, Tokyo, and Sydney. Follow @SalesforceVC and learn more at salesforce.com/ventures.