Singapore, 15 June 2023 – Singapore private equity impact investor ABC Impact today announced that it has achieved the internationally recognised B Corporation™ (“B Corp”) certification – designating the fund as meeting high standards of social and environmental impact. The B Corp certification was awarded to its parent Temasek Trust Asset Management for business activities under the ABC Impact division, after a rigorous verification process administered by the non-profit B Lab.
David Heng, CEO of ABC Impact, said, “We are proud to be recognized as a Certified B Corp. The certification and our journey to achieve it underscore our deep commitment to meeting high standards of social and environmental impact. We believe that finance can be a force for good, and we are proud to join the community of B Corp businesses worldwide who are helping to create a more inclusive, equitable, and sustainable world.”
The ABC Impact B Corp profile is available here: https://www.bcorporation.net/en-us/find-a-b-corp/company/ttam-holdings-pte-ltd/
B Impact Assessment
In order to achieve B Corp certification, companies must undergo a rigorous assessment known as the B Impact Assessment and verification process. To be certified, companies must demonstrate high social and environmental performance by achieving a B Impact Assessment score of 80 or above and pass the risk review.
Beginning in October 2022, ABC Impact underwent the B Impact Assessment over a period of eight months. The process evaluated the impact of the private equity fund’s operations and business model on its workers, customers, communities, and the environment. Its governance processes, including ethical standards and transparency practices, were also assessed.
Over 200,000 companies have used the B Impact Assessment since the beginning of the B Corp movement back in 2006. There are currently over 6900 Certified B Corporations in more than 90 countries and over 160 industries.
Shaping the Climate for Impact at Scale
Since its inception in 2019, ABC Impact has strived to explore, engage, and encourage the continued growth of impact champions for Asia, and in Asia. Through its professional, technical, and geographical mastery of impact at scale in Asia, the fund has invested over USD 200M across 11 companies to date.
By partnering high-potential founders and companies to generate solutions for the most pressing social and environmental problems, ABC Impact is creating the conditions for impact at scale in Asia. Its portfolio companies have generated impact outcomes such as:
- Avoiding over 1.68MT of CO2 emissions
- Helping over 7.76M farmers globally with access to customised farming advice and information that improves productivity and sustainability
- Supplying essential services to over 20.26M people to promote better healthcare and education
- Providing over 2.64M individuals and micro-enterprises with access to financial services to drive financial and digital inclusion
Alignment to Global Standards
In 2022, ABC Impact adopted the Operating Principles for Impact Management. The fund also published its Disclosure Statement to describe its strategy and focus areas, and shared its proprietary IMM methodology designed to assess the impact of its portfolio. ABC Impact is also a signatory to the UN-backed Principles for Responsible Investment (PRI), the world’s leading proponent of responsible investment. As a signatory, ABC Impact incorporates the PRI’s six principles for responsible investment into its investment and management practices to foster a more sustainable global economy.
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About ABC Impact
ABC Impact is a Singapore-headquartered and Asia-focused private equity fund dedicated to impact investing. We invest in companies that drive positive change by addressing the world’s most pressing challenges such as climate change, resource scarcity, and deepening inequality. Our investment themes include financial and digital inclusion, better health and education, climate and water solutions, and sustainable food and agricultures.
We believe that investing with an impact lens demonstrates the positive power of private capital and can help to foster more innovative and resilient companies that deliver societal and environmental benefits. We are a disciplined investor with a rigorous and evidence-based impact assessment approach that aims to generate positive and measurable social or environmental outcomes, alongside a compelling risk-adjusted return for our investors.
Established in 2019, we are a division of Temasek Trust Asset Management Pte Ltd, a Singapore-based global asset management firm. Our founding investors are Temasek Trust, Temasek, Pavilion Capital, Mapletree Investments, Seatown Holdings, SP Group, and Sembcorp industries.
ABC Impact is a signatory of the Operating Principles for Impact Management and the United Nations-supported Principles for Responsible Investment.
ABC Impact became B Corp™ Certified in 2023 by meeting high standards of social & environmental performance, transparency & accountability.
Our annual impact report, “Shaping the Climate for Impact”, is available at www.abcimpact.com.sg/impactreport2022
For more information, please visit www.abcimpact.com.sg.
About B Corp Certification
B Corp Certification doesn’t just evaluate a product or service, it assesses the overall social and environmental impact of the company that stands behind it. To achieve B Corp Certification, a company must meet a score of at least 80 points on the B Impact Assessment, an evaluation of a company’s positive impact, and pass a risk review, an evaluation of a company’s negative impact; change their corporate governance structure to be accountable to all stakeholders, not just shareholders; and exhibit transparency by allowing information about their B Corp Certification performance to be publicly available on their B Corp profile on B Lab’s website. B Corps recertify every three years and once certified, are expected to increase their score over time as they progress towards becoming more equitable, inclusive, and regenerative businesses.
About B Lab Global
B Lab is transforming the global economy to benefit all people, communities, and the planet. A leader in economic systems change, our global network creates standards, policies, tools, and programs for business, and we certify companies — known as B Corps — who are leading the way. To date, our community includes over 500,000 workers in over 6,900 B Corps across 90 countries and 160 industries, and more than 200,000 companies manage their impact with the B Impact Assessment and the SDG Action Manager. B Lab has created and led efforts to pass over 50 corporate statutes globally that enable stakeholder governance, with over 10,000 companies using the legal framework. To learn more and join the movement, visit www.bcorpsingapore.org .