Tuesday, 15 November 2022: Leading global investment manager, First Sentier Investors (FSI), today announced its certification as a B Corporation (B Corp), a global certification obtained if a company meets high social and environmental performance standards, transparency and accountability.
B Corp certified companies are for-profit organisations that show evidenced commitment to building a more inclusive and sustainable economy.
To achieve certification, B Lab undertakes a B Impact Assessment which scores companies across a range of categories including governance, workers, community, environment and customers. The rigorous assessment process measures a company’s social and environmental impact by analysing internal policies, partnerships, environmental outputs, social contributions, metrics used for tracking impact and methods employed to ensure that its impact is positive.
Companies require a minimum of 80 points in order to obtain certification. FSI achieved a score of 107.2.
FSI Chief Executive Officer, Mark Steinberg, welcomed the certification as it supports the firm’s commitment to becoming a more responsible business.
“We recognise an increasing need to create a positive impact for all our stakeholders, including our clients, our employees and wider society, and we wanted a way to verify this impact. B Corp Certification provides us with this framework.
“The certification means we are now part of a community of companies with a shared goal to transform the communities in which we live and operate for the benefit of the people and our planet. B Corp ertification provides us with an important point of differentiation in our industry, and represents a commitment to meet the highest standards of social and environmental impact.
“Through the certification process, our operations were rigorously assessed to gain assurance that our business is operating to high standards from an environmental, social and governance point of view. We were also able to identify areas where we can improve,” he said.
B Corp certified companies are assessed every three years on whether they continue to meet the rigorous, evolving standards.
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About B Lab / B Corp
B Lab is the non-profit network transforming the global economy to benefit all people, communities, and the planet since 2006. By verifying and certifying businesses or ‘B Corps’ that meet high standards of social and environmental performance, accountability and transparency, the movement is creating a more inclusive, equitable and regenerative economy capable of addressing society’s most critical challenges.
About First Sentier Investors
First Sentier Investors manages US$134.4 billion in assets (as at 30 September 2022) on behalf of institutional investors, pension funds, wholesale distributors, investment platforms, financial advisers and their clients worldwide.
The firm operates as a standalone global investment management business with offices across Europe, the Americas, and Asia Pacific. First Sentier Investors’ expertise spans a range of asset classes and specialist investment sectors focused on delivering sustainable investment success based on responsible investment principles.
Formerly known as First State Investments, the firm was acquired by Mitsubishi UFJ Trust and Banking Corporation, a wholly-owned subsidiary of Mitsubishi UFJ Financial Group, Inc in August 2019.
For more information, visit www.firstsentierinvestors.com
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In Hong Kong, this press release is issued by First Sentier Investors (Hong Kong) Limited and has not been reviewed by the Securities and Futures Commission in Hong Kong. In Singapore, this press release is issued by First Sentier Investors (Singapore) whose company registration number is 196900420D. This press release has not been reviewed by the Monetary Authority of Singapore.
First Sentier Investors is a business name of First Sentier Investors (Hong Kong) Limited. First Sentier Investors (registration number 53236800B) is a business division of First Sentier Investors (Singapore).