Temasek ropes in Ikea’s former sustainability head as Robin Hu leaves role this year

Photo: Bloomberg

Temasek International Pte’s head of sustainability and stewardship group Robin Hu will leave his role at the end of this year, with some of his key functions taken over by Ikea’s former chief sustainability officer Steve Howard.

Hu will take on a different position and remain part of the firm’s senior leadership team, a Temasek spokesman said in an emailed statement, without specifying what the new role would be. He joined the Singapore state-owned investor in December 2016 and is currently a senior managing director. He was previously chief executive officer of Hong Kong’s South China Morning Post when it was owned by Malaysian billionaire Robert Kuok.

The move comes as investors around the world face increasing pressure to cut their carbon footprint and improve the sustainability of their investments. Temasek has a goal of halving the net carbon emissions attributable to its portfolio by 2030 and reaching net zero emissions by 2050. The target only includes the direct impact of a company’s own operations and its purchased energy, rather than the broader effects of their entire supply chain.

Howard will start on Jan. 1, the spokesman said.

During his tenure, Hu oversaw Temasek’s public affairs, institutional relations, foundations and endowments and its sustainability policy, while also serving as a director on some of the firm’s portfolio companies.

Howard headed up Ikea’s sustainability efforts for several years until 2017 and is a co-founder of We Mean Business, a group of companies and advocacy groups trying to slash the net emissions of corporations.

Bloomberg

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.