Singapore-based Maitri Asset Management won the Asian Boutique Investment Manager of the Year award.
Part of Tolaram, the multi-family office focuses specifically on the active management of responsible investments in Asia.
The Ishk Tolaram Foundation is Maitri’s biggest beneficiary, providing access to education, healthcare and job training in countries like Indonesia and Singapore. Given this, it is important to make investments consistent with the values and work of the foundation.
Maitri also has a two-tier approach to responsible investing. The first level includes screening its entire portfolio against companies that derive more than 10% of their revenue from at least one of the six “sinful” sectors. This includes weapons, tobacco and alcohol.
The second level is the application of its proprietary ESG integrated investment framework to its sustainable funds. Mairi called it “a form of enhanced risk management as well as opportunity identification.”
Along with a coal exclusion policy, it engages with companies on controversial disclosures and plans and uses its corporate vote to push for better ESG performance.
Maitri has seen positive responses to her engagement. He was part of a consortium of investors that convinced other investors to withdraw their support for Vung Ang, a power plant project in Vietnam due to climate risks. It also led the Mitsubishi company to commit not to commit to new coal-fired power plants.
It claims to be the first multi-family office to achieve B Corp certification in the Asia-Pacific region and was one of the first Asian asset managers to set milestones in the Net Zero Asset Managers initiative. Maitri said he will continue to be active in the space, with the aim of advancing ESG and sustainability across Asia.