B Lab, a US-headquartered sustainable business certification non-profit, has expanded to Southeast Asia with a mission to grow a community of B Corporations, or B Corps, and advance stakeholder capitalism in the region. After establishing a Southeast Asia hub in Singapore, B Lab is aiming to certify 100 businesses across the region by 2025. To achieve B-Corp certification, companies use an online tool to assess the sustainability of their entire business, including governance, community and environmental impact, and the treatment of workers and customers. Firms that earn a minimum score of 80 out of 200 points are then verified and reviewed by B Lab. There are now 3,944 certified B Corps across 150 industries in 74 countries, but still only 13 in Singapore, two in Indonesia, and one in Malaysia.

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Eco Business