Report
Highlights

2024/25 Report

Faced with these profound changes, it is tempting to chase the short-term hype or retreat in the face of the unknown. At GIC, we do neither. We focus on long-term value, with an emphasis on avoiding permanent loss.

Letter from the CEO

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Annualised Rolling 20-year Real Rate of Return of the GIC Portfolio Since 2001

For the 20-year period from 1 April 2005 to 31 March 2025, the annualised US$ nominal return of our portfolio was 0.0%.  After adjusting for global inflation, the annualised 20-year real return was 0.0%.

Investment Report

Investing in the Changing Energy Landscape

We live in a time of great change in the global energy landscape. Beyond growing power demand, there are also significant shifts in the global energy supply mix driven by technological advancements, geopolitics, and environmental realities. Adding further complexity is the increasing prioritisation of energy security and consumer affordability by governments.

GIC continues to find exciting investment opportunities in two structural long-term investment themes – electrification and emerging clean technologies, and energy efficiency solutions.

Feature Article

Sustainability is an enterprise priority at GIC.

GIC will continue to advance our sustainable investment approach and asset allocations in light of three key drivers:

Policy signals
Economic viability of technologies
Pace of change in global warming

Investing Sustainably

Our approach to DEI is consistent and principle-led, anchored in three pillars:

Embracing diversity across multiple dimensions by cultivating a global diverse talent pool; ensuring fairness for all regardless of backgrounds in an equitable workplace; and enabling GICians to be at their best through inclusive practices.

GIC’s social impact strategy focuses on empowering employees to contribute meaningfully to build resilient and liveable communities in the markets we operate in.

People & Culture