Editor's Note

2024 was a wonderful year for the B Corp Movement in Southeast Asia. From the growing numbers of our members to the wonderful events we organized and the partnerships that we have forged, it has been a very exciting journey.

We would like to extend our heartfelt gratitude to the B Corp Community, B Lab Global, Government Agencies, and media organizations for supporting us every step of the way and making this journey ever more meaningful.

We begin 2025 with renewed energy, as we prepare for B Corp Month in March—a time to celebrate and highlight businesses making a positive impact. This year’s theme, Generation B, emphasizes the power of businesses to shape a better future. We look forward to sharing more with you in the coming months!

Here’s to stepping boldly into 2025 together.

2024 - Year End Review

January

ASEAN B Corp Featured in The Edge Newspaper: A comprehensive coverage of B Corp, its movement, benefits, challenges, and future. Other featured experts included Prof. Chris Marquis (Cornell University), Datin Mina Cheah (InNature BHD), Johan Rozali-Wathooth (Bintang Capital Partners), Thomas Ng (Genashtim/BMB SEA), and more.

March

The “Better Business Impact” Conference was organized by Bintang Capital Partners and BMB SEA in conjunction with B Corp Month in Kuala Lumpur, Malaysia. Key speakers included YB Nik Nazmi Nik Ahmad (Minister of Natural Resources), Dawn Chan (Temasek Trust Capital), and Isik O. (B Lab Global).
“Barn Raising 2024” in Jakarta was a collaboration among Danone, SukkhaCitta, and BMB SEA during B Corp Month to promote sustainable organizations. Speakers included Rosy Wediawaty (BAPPENAS), Marcello Palazzi (B Lab Europe), and Thomas Ng (BMB SEA).
Press Coverage in Thailand put a spotlight on the growing B Corp movement during B Corp Month, featuring Danone Nutrition Thailand, PALO IT, and others.

Apr – May

The Launch of RM 35 Mil Domestic Investment Accelerator Fund (DIAF) and MIDA partnering with Genashtim/BMB SEA to integrate the B Impact Assessment (BIA) as a self-assessment tool to encourage ESG adoption in Malaysia.
B Corp Virtual Masterclass: Conducted five intensive sessions for YPO-led companies in Southeast Asia.
B Corp APAC Retreat in Taipei: Asia Pacific leaders gathered for strategy discussions, tours, and workshops.

Jul

National Bioeconomy Showcase: BMB SEA presented B Corp products and ESG best practices at the World Trade Centre, KL, Malaysia.
Discussed B Corp’s position within ESG frameworks in a live podcast at the National Bioeconomy Showcase 2024
Touring KMC Solutions: Invited by the largest B Corp in the Philippines to share sustainability and leadership practices.

August – October

B Corp Deep Dive Masterclass: A three-session ESG webinar series, led by Tan Ee Beng, Genashtim’s ESG Head, and Yudhi Pradhana of BMB SEA, was held from August to October.
Freight Forwarder Conference: BMB SEA facilitated discussions on ESG integration through BIA for 60+ global member companies.
ASUENE, a certified B Corp, debuted its groundbreaking carbon accounting platform at CES 2024, the world’s largest tech trade fair.
ASEAN Sustainability Conference: BMB SEA’s Yudhi Pradhana talked about “Ensuring Ethical Practices in Global Supply Chains: Standards and Certifications” at the 39th Trade Expo Indonesia.

November

Eurocham Green Business Conference: BMB SEA and Danone Cambodia shared insights on B Corp and Danone’s success with the public and private sectors in Cambodia. The media outlets in attendance included Phnom Penh Post and Khmer Times.

December

Over 417 companies adopted the BIA for ESG performance measurement following MIDA’s partnership with BMB SEA to integrate the B Impact Assessment (BIA) as a self-assessment tool to encourage ESG adoption in Malaysia.

ASEAN B Corp Milestone

DCI Indonesia was honored to be included in the Forbes Best Under a Billion 2024 list!

Xurya, a B Corp start-up, became the first renewable energy company in Indonesia to receive direct funding from the Norwegian Climate Investment Fund, leading to a new investment round totaling USD 55 million.

Danone Southeast Asia Snatched Multiple Prizes in the HR Asia Awards 2024, for their positive employee development, employee engagement, and workplace culture in the region.

Bintang Capital Partners became the first Southeast Asian winner of the prestigious United Nations-support Principles for Responsible Investment (PRI) Award for their clear commitment to aligning financial returns with measurable ESG outcomes.

Saitex Mill strengthened its sustainability commitments by becoming a Bluesign System Partner, a leading global and independent approval system for the sustainable textile industry.

Vista Eyes Specialist was once again recognized as a Reader’s Digest Trusted Brands Asia Awards winner for 2024, reaffirming consumer confidence in their services.