Triple Point Investment Management has achieved B Corporation certification, verifying that it meets a high standard of social and environmental impact.
The asset manager reached the accreditation with a score of 97.6 out of 100. Triple Point began the process in 2020 and was verified as a certified B Corp by B Lab in December 2022.
In a statement, Triple Point said the certification further reinforces its commitment to be “counted among companies that are leading a global movement for an inclusive, equitable, and regenerative economy”.
B Lab’s standards are the core of the B Impact Assessment, on which all B Corps score 80 or above in order to achieve certification, in addition to fulfilling the legal requirement to uphold stakeholder governance.
The Triple Point partnership agreement was amended in August 2020, committing the partners of Triple Point to uphold the B Corp mission.
Under this agreement the company must engage with mission-aligned partners and investors, while remaining focused as a company to maintain and improve high standards.
James Cranmer, managing partner at Triple Point, said: “Since the day we started in 2004, we have focused on creating a culture that values its people and invests wisely to deliver profits with purpose.
“It is only by focusing on today’s biggest socio-economic challenges that we can deliver our exemplary outcomes and attract the most talented teams. Becoming a B Corp, with an initial score of 97.6, is encouraging awareness and will only fuel our ambition still further.”
Lindsay Smart (pictured), head of sustainability at the investment manager, added: “We need a sustainable economy, which takes account of people and the planet, allowing people today to thrive without compromising the success of future generations.
“Investments that contribute to and prepare for this future will outperform over the long term.”
A number of smaller financial services firms have achieved B Corp accreditation in recent months including Centrus, First Sentier and mallowstreet.