Temasek names a new former head of sustainability from Ikea to replace Robin Hu, who will we leaving the role by the end of 2020.
Temasek’s current sustainability head Hu will have some of his key function’s taken over by ex-Ikea chief sustainability officer Steve Howard, according to a «Bloomberg» report, effective as of January 1 next year.
Hu will remain with Temasek and the senior leadership while transitioning to another role.
He first joined the state investor in December 2016 and is currently a senior managing director. During his time with Temasek, his role encompassed the oversight of public affairs, institutional relations, foundations and endowments and its sustainability policy alongside directorship at some of the firm’s portfolio companies.
Previously, he was the CEO of Hong Kong’s South China Morning Post under former owner and Malaysian billionaire Robert Kuok.
Carbon Emission Targets
At Temasek, its sustainability goals include a strong focus on carbon emissions where it targets halving in its portfolio by 2030 and full reduction by 2050. This target covers only the firm’s own operations and purchased energy while excluding the broader effects from the related supply chain.
At Ikea, Howard spearheaded its sustainability efforts until 2017 and is also the co-founder of We Mean Business, a unit of firms and advocacy groups aiming to cut corporate carbon emissions.