As Temasek Holdings was categorised as ‘Vague/unsubstantiated’ according to Ethical Consumer’s transparency of investments rating it was marked down for any investments it held in companies that had been criticised by Ethical Consumer. For example, if it held shares in company criticised for animal testing, the company would lost half a mark under the Animal Testing category.
In May 2021, Ethical Consumer viewed the company's latest Form 13-F, filed with the US Securities and Exchange Commission, which listed the company's investments, and was dated to 31st December 2020. The company held shares in Amazon Com Inc, Airbnb Inc, Mastercard Incorporated, Paypal Holdings Inc and Starbucks Corp, among many other companies. These companies have been criticised under the following Ethical Consumer categories:
Climate Change, Pollution and Toxics, Habitats and Resources, Animal Testing, Factory Farming, Animal Rights, Human Rights, Workers Rights, Arms and Military Supply, Political Activities, Boycott Call and Tax Conduct.
Temasek Holdings lost half a mark in all the above categories for having investments in these companies.
Form 13-F (31 December 2020)