SINGAPORE (BUSINESS TIMES) – Former Temasek CEO Ho Ching will join EQT Future, the longer-term impact-focused fund from Swedish private equity firm EQT, as an advisor.

Through her appointment to the fund’s mission board, she will provide external objectivity to the fund’s strategic direction and set the bar for its commitment to driving positive impact, the company announced last week.

The Mission Committee also works with EQT Future’s investment advisory team and will support them throughout the fund’s investment processes.

Her role was announced alongside the addition of former HSBC India country director Naina Lai Kidwai and Yara International president and CEO Svein Tore Holsether to the mission board. Ms. Hedda Pahlson-Moller, co-founder and CEO of TIIME.org was also announced as the board’s chief impact officer.

Launched in October 2021, EQT Future focuses on long-term investments in mature companies, with potential for market impact using EQT’s science-based objectives. It aims to tackle climate change by setting greenhouse gas emission reduction targets for its portfolio companies and has a target fund size of €4 billion (S$6 billion).

Mr. Anders Misund, Partner and Head of EQT Future, said, “We are honored to welcome such seasoned executives to the EQT Future Mission Board. Their collective experience with large multinationals and ESG-oriented non-governmental organizations is highly complementary and will strengthen the EQT Future fund to make more conscious and impactful investment decisions.”

Ms. Ho currently sits on the board of Temasek Trust and is expected to become its chair from April 2022.

She retired from Temasek after more than 17 years at the helm, handing over the reins to current CEO Dilhan Pillay Sandrasegara on October 1, 2021.