The Singapore-based investment firm Maitri Asset Management Pte. Ltd has announced that it is the first multi-family office to earn the B Corporation certificate in the Asia Pacific. The accreditation establishes Maitri as a responsible investor and organizer, adding them to the global community of companies that use business for good and to promote a sustainable economy.
To achieve B Corp Certification, companies must go through a strict assessment and prove to have the highest standards of environmental and social performance. They should also meet the most challenging degree of transparency, and accountability which is measured across different areas, inclusive of employees, stakeholders, clients, communities, and environments.
Maitri’s achievement of this accreditation reflects its goal to create awareness to establish the need for responsible investments and the firm’s strong values that it upholds across all corporate practices, its business conduct, and investment offerings.
“We are honoured to be joining the ranks of certified B Corporations across industries and geographies looking to accelerate the building of a more inclusive and sustainable economy. Becoming the first multi-family office in APAC to be B Corp-certified is a testament to our enduring commitment to the highest standards of sustainability and governance, not only in our investment offerings and family office services, but in everything we do as an organisation. The initiative reflects our deep-rooted belief that one can do business and be a force for good at the same time. Asia has seen a steady move towards sustainability, with stakeholders expecting businesses to create a positive impact on the communities they operate in. In parallel, we are seeing a surge in demand for ESG investing, especially amongst younger generations of high-net-worth families, that not only look for returns, but best-in-class responsible investing capabilities, integrity, and robust governance in the businesses they work with. We at Maitri look forward to continue shaping a better future for all by directing capital and resources sustainably and responsibly, not least by establishing a meaningful example within our industry,” said Manish Tibrewal, Chief Executive Officer at Maitri.
Thomas Stewart, the Executive Director at B Corp Sea, said that the company welcomed Maitri as the fourteenth certified B Corp in Singapore. He hopes that their commitment will inspire others in Asia to take a step towards certification and use their business as a force of good. Thomas also said that he looks forward to working with them and helping them contribute to a more sustainable economy.
Maitri is a signatory in the United Nations-supported Principles for Responsible Investment and is actively involved in numerous global initiatives and communities. Some of them include the Asian Utilities Engagement Program by the Asia Investor Group on Climate Change (“AIGCC”), Family Business Network’s Family Office Community, and the Investor Agenda’s Global Investor Statement to Governments on Climate Change and Climate Action 100+.