The inaugural Ecosperity conference was hosted by Temasek in conjunction with Temasek’s 40th anniversary and in partnership with Goldman Sachs and NUS Business School. Ecosperity brings together global CEOs, top public officials and thought leaders to explore cutting edge issues on sustainable growth.

As world economies develop and a significant portion of the global population transitions into the middle class, global prosperity needs to be achieved in an environmentally sustainable way. Ecosperity enables an intimate and robust exchange of information, best practices and ideas on how we can achieve this goal.

The theme for last year’s event was “Towards Sustainable Growth in the Natural Resources Industries” with a focus on global energy, mining, and agriculture – industries which are at the core of Asia’s economic growth. Ecosperity fosters the exchange of ideas and best practices on balancing environmental sustainability with economic development objectives across these industries in both established and frontier regions.


The 2014 inaugural Ecosperity conference was jointly organised by Temasek, Goldman Sachs and the National University of Singapore.

Incorporated in 1974, Temasek is an investment company based in Singapore. Supported by 11 offices globally, Temasek owns a S$223 billion portfolio as at 31 March 2014, with investments mainly in Singapore and Asia.

Temasek recognises that as world economies develop and a significant portion of the global population urbanises, global prosperity needs to be achieved in an environmentally sustainable way.  As an active investor, Temasek aims to deliver sustainable returns to our shareholder over the long term. As a responsible investor and a trusted steward, Temasek strives for our communities’ advancement across generations.

The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

Goldman Sachs believes that a healthy environment is necessary for the well-being of society, its people and its business, and is the foundation for a sustainable and strong economy. In addition to having a strong track record in convening and providing thought leadership on environmental sustainability, the firm has also been at the forefront of its industry in establishing a comprehensive Environmental Policy Framework and promoting market-based solutions that benefit the environment.”

The National University of Singapore (NUS), a leading global university centred in Asia, is the country’s flagship university. The NUS Business School is among the world’s leading business schools, offering management thought leadership from an Asian perspective, developing students to lead Asian businesses to the forefront of the world economy so as to serve business and society.

With environmental sustainability fast on the rise as a business priority and the need to embed it into the ‘DNA’ of businesses, NUS Business School takes the lead in preparing students for the future. The School is the co-organiser of the student track of Ecosperity 2014, which includes the Ecosperity Young Leaders Dialogue.

Ecosperity 2014

Ecosperity Conference 2014

Towards Sustainable Growth in the Natural Resources Industries

19 September 2014, Friday

Tower Ballroom, Shangri-la Hotel Singapore

0800 - 0830

Registration and Breakfast

0830 - 0840

Welcome Address

0840 - 0930

Morning Fireside
Geopolitical trends driving sustainable development


Dr. Chen Deming, President, Association for Relations Across the Taiwan Straits
Dr. Steven Chu, 12th U.S. Secretary of Energy


Nik Gowing, International Broadcast Journalist

The world is facing a transformational moment in energy history. New technologies are unlocking vast resources and the US shale gas revolution has sent reverberations around the globe. Strategic calculations continue to influence energy flows, evident from the recent Russia-China natural gas deal.

Amidst such economic and geopolitical trends, countries are at the same time pushing forward on sustainable development. The imperative for sustainable development has also opened up opportunities for greater collaboration between these countries and regions.

The changing global energy landscape presents policymakers with a host of new challenges and opportunities. The morning fireside session will discuss how we can navigate the trade-offs between economic realities, security requirements, and environmental necessities while seeking synergies where possible.

0930 - 1030

Panel 1: Energy
Realising sustainable growth in the energy industry


Antonio Brufau, Chairman, Repsol
Dr. Jin-Yong Cai, Executive Vice President and CEO, IFC
Peter Coleman, CEO and Managing Director, Woodside
Tevin Vongvanich, CEO, PTT Exploration and Production
Peter Voser, former CEO, Royal Dutch Shell


Richard Manley, Co-Head of Asia Pacific Equity Research, Goldman Sachs

Global energy demand will continue to increase in the next three decades, with Asian economies taking the dominant share of the consumption growth. Pollution, climate change, sustainability of resource consumption as well as pricing and energy security considerations are driving the need for change across the energy industry.

This panel will provide a unique perspective on how the main players in the global oil and gas industry are operating in today’s environment and where the major challenges and opportunities lie for the future.

The discussion will cover topics such as the technologies that are allowing us to access previously unreachable hydrocarbon sources, the impact of a global traded LNG industry and the role of alternative energy technologies.

1030 - 1045

Tea Break

1045 - 1145

Panel 2: Agriculture
Opportunities and challenges for sustainable development in agriculture


Adi Godrej, Chairman, The Godrej Group
Ellen Kullman, Chair of the Board and CEO, DuPont
Frank Ning, Chairman, COFCO Corporation
Gregory Page, Chairman, Cargill
Dr. Andrew Steer, President and CEO, World Resources Institute


Prof. Simon Tay, Chairman of Singapore Institute of International Affairs

Growing population and the shift to more protein rich diets impact the footprint and necessitate a need for greater efficiency in the agriculture industry. Competition for arable land between urbanization, industrialization and agriculture, climate change leading to changes in weather patterns and severe water shortages, and the virulence of pests and crop diseases are just some of the additional challenges faced.

Furthermore, environmental degradation caused by the clearing of forests, the over-intensive use of pesticides, food scares and food contamination scandals have created a backlash against the very technology and practices that enhance yield and production growth. The agriculture industry today emits more greenhouse gases than all the cars, trucks, trams and planes combined globally, is the biggest user of water across all industries and also a major driver of wildlife extinction.

The session will explore how the agriculture industry is to cope with global demographics and the tools at the disposal of the key actors in the food value chain to ensure that the world can be fed sustainably.

1145 - 1245

Panel 3: Metals and Mining
The future of the metals and mining industry


Murilo Ferreira, President and CEO, Vale
Brian Gilbertson, Chairman, Pallinghurst Resources
Donald Lindsay, President and CEO, Teck Resources
Clive Newall, President and Director, First Quantum Minerals


Kenneth Hitchner. President of Goldman Sachs Asia Pacific Ex-Japan, Goldman Sachs

Moderating growth and liquidity concerns in China and global economic challenges brought the commodity super cycle to an end. However, demand growth and underinvestment in key commodity sectors have resulted in volatile commodity prices and growing concerns around resource scarcity.

The long-term demand trajectory and volatility of prices underscores the need to secure long-term access to resources in a more sustainable way. Tensions around the development of coal resources, increasing awareness and concerns around local environmental and community impacts as well as air emissions and the climate are influencing policy decisions around the world and shaping the resources industry.

This session will explore how mining companies are balancing longer-term needs with the near-term pressures, navigating the evolving policy landscape and frontier environments, while continuing to innovate through technologies, tools and best practices.

1245 - 1400

Lunch Fireside
Changing resources landscape and the role of capital


Dr. Ngozi Okonjo-Iweala, Minister of Finance, Federal Republic of Nigeria
Dr. Han Seung-Soo, former Prime Minister, Republic of Korea


Marc Gunther, Editor-at-Large, Guardian Sustainable Business US

As the world population grows and economies prosper, environmental spillovers and public tension are putting pressure on governments to take action and environmental sustainability has become a critical factor in economic planning and capital deployment decisions.

The lunch session will explore the role of public and private capital in achieving environmentally and economically sustainable development, with a focus on the emerging economic powerhouses in Asia and Africa.

This practical discussion will focus on how to best build domestic capacity, set public policy and leverage limited public budgets to create the optimal environment for investment and innovation to thrive.

1400 - 1410

Closing Address

1430 - 1600

Ecosperity Young Leaders Dialogue
Challenges to corporate sustainability in the face of new economic realities


Richard Manley, Co-Head of Asia Pacific Equity Research, Goldman Sachs
Neil McGregor, Senior Managing Director, Temasek
Dr. Andrew Steer, President and CEO, World Resources Institute
Takayuki Sumita, Director-General for Oil, Gas and Mineral Resources, METI


Prof. Kenneth Richards, Visiting Professor, NUS Business School

All over the world, corporations are gradually moving beyond the single minded focus on financial gains. Gaining traction is the notion of Ecosperity, encompassing the ecological and socio-economic factors that lie at the foundation of sustainable growth and prosperity. Considering an organisation’s social and cultural environment and applying sustainable practices translates effectively into better business, improved corporate reputation and enhanced stakeholder engagement.

Yet, achieving this is no easy feat. The Ecosperity Young Leaders Dialogue will discuss how corporations can uphold sustainable practices when faced with the capriciousness of our fragile economies. This session will address pertinent issues, challenges and dilemmas faced by companies and aims to shed light on vital aspects of corporate sustainability.


Conference Report