Friday, 19 May 2023
Johan Rozali-Wathooth said Bintang aspires to create at least 150 new B Corps in Asean within its portfolio of companies by 2050
KUALA LUMPUR: Bintang Capital Partners Bhd has become the first private equity firm in Southeast Asia to earn B Corp certification.
In a statement, the company said the B Corp Certification, administered by global non-profit B Lab, recognises businesses that meet high standards of verified performance, accountability and transparency on factors ranging from employee benefits and charitable giving, to supply chain practices and using responsible input materials.
“This achievement not only demonstrates our commitment to responsible business practices but also serves as an inspiration for our Partner Companies.
“We aspire to guide and support them on their quests to become Certified B Corps,” said Bintang founder and chief executive Johan Rozali-Wathooth.
He added that Bintang aspires to create at least 150 new B Corps in Asean within its portfolio of companies by 2050.
To earn its certification, Bintang completed the comprehensive B Impact Assessment, evaluating the firm’s practices and performance across five impact areas: workers, communities, customers, suppliers and the environment.
This process involved rigorous assessments and verifications, engaging every member of the firm, and spanning approximately one year.
As part of the certification process, Bintang amended its constitution to embrace stakeholder governance to ensure the firm’s accountability extends to all stakeholders, including workers, communities, customers, suppliers and the environment.
Bintang said its comprehensive Responsible and Sustainable Investment Policy further reinforces the incorporation of environmental, social, governance (ESG) as well as impact considerations into all aspects of its business operations, including the investment process.