Maitri Asset Management becomes first multi-family office in APAC to be B Corp-certified
Accreditation asserts Maitri’s stewardship as a responsible organisation and investor.
Maitri Asset Management Pte. Ltd., (“Maitri”) a Singapore-based, active responsible investment management firm, today announced it has become the first multi-family office in Asia Pacific to earn the B Corporation (“B Corp”) certification, joining a global community of companies using business as a force for good and building a sustainable economy.
B Corp certification is achieved by companies that, having undergone a rigorous assessment process, meet the highest standards of social and environmental performance, accountability, and transparency, measured across different stakeholders and areas, from employees, clients, community, to the environment. This accreditation not only reflects Maitri’s ongoing commitment to establish greater awareness of the importance of responsible investment, but also the strong set of values that the firm advocates across all its business conduct, corporate practices, and bespoke investment offerings.
Manish Tibrewal, Chief Executive Officer at Maitri, said: “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 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.”
Thomas Stewart, Executive Director at B Corp SEA, commented: “We are incredibly pleased to welcome Maitri as the fourteenth certified B Corp in Singapore. It is heartening to see Maitri, a globally connected, Asia-based multi-family office, commit to the highest levels of social, environmental and governance standards, and we hope their action will inspire others across Asia to take this step and use business as a force for good. Securing this certification is an outstanding achievement, given the rigorous and comprehensive metrics used to measure a business’s impact on all stakeholders. We applaud the team at Maitri for their perseverance and look forward to working with them to shape a more sustainable, inclusive economy.”
Maitri is also actively involved in a number of global communities and initiatives, including the Family Business Network’s Family Office Community, the Investor Agenda’s Global Investor Statement to Governments on Climate Change and Climate Action 100+, the Asian Utilities Engagement Program by the Asia Investor Group on Climate Change (“AIGCC”), in addition to being a signatory of the United Nations-supported Principles for Responsible Investment (“UNPRI”).
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