FastTrack
Central Singapore Community Development Council, Singapore
August 2022
Advertising & market research
Service with Minor Environmental Footprint
Australia,
Hong Kong S.A.R.,
Japan,
Philippines,
Singapore,
Spain
FastTrack is a purpose-driven accelerator, specialising in Asia Pacific growth. We help European tech-for-better entrepreneurs make a bigger impact faster, by helping them scale their companies in the region. Proudly B Corp, we look to invest in companies that inspire us with their potential to make a difference, and can fulfil this promise globally by embracing what Asia uniquely offers. We were founded in 2012 to find a better way to grow businesses, making them more inclusive, equitable and empowering for everyone involved. We are driven by three fundamental beliefs: If interests are aligned from the start, people own success as well as its rewards. If people are free to take initiative, they move faster, learn faster, grow as individuals and as a team. If we create value beyond financial growth, and beyond today, then our work is more fulfilling. We find Purpose in what we do, and have impact beyond ourselves. From building better businesses to building business for better, we’re steadily widening our impact. Put simply, we scale with Purpose.
Overall B Impact Score
Governance 19.2
Governance evaluates a company's overall mission, engagement around its social/environmental impact, ethics, and transparency. This section also evaluates the ability of a company to protect their mission and formally consider stakeholders in decision making through their corporate structure (e.g. benefit corporation) or corporate governing documents.
What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.
Governance 19.2
Governance evaluates a company's overall mission, engagement around its social/environmental impact, ethics, and transparency. This section also evaluates the ability of a company to protect their mission and formally consider stakeholders in decision making through their corporate structure (e.g. benefit corporation) or corporate governing documents.
What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.
Workers 38.8
Workers evaluates a company ’s contributions to its employees’ financial security, health & safety, wellness, career development, and engagement & satisfaction. In addition, this section recognizes business models designed to benefit workers, such as companies that are at least 40% owned by non-executive employees and those that have workforce development programs to support individuals with barriers to employment.
Community 18.1
Community evaluates a company’s engagement with and impact on the communities in which it operates, hires from, and sources from. Topics include diversity, equity & inclusion, economic impact, civic engagement, charitable giving, and supply chain management. In addition, this section recognizes business models that are designed to address specific community-oriented problems, such as poverty alleviation through fair trade sourcing or distribution via microenterprises, producer cooperative models, locally focused economic development, and formal charitable giving commitments.
Environment 13.9
Environment evaluates a company’s overall environmental management practices as well as its impact on the air, climate, water, land, and biodiversity. This includes the direct impact of a company’s operations and, when applicable its supply chain and distribution channels. This section also recognizes companies with environmentally innovative production processes and those that sell products or services that have a positive environmental impact. Some examples might include products and services that create renewable energy, reduce consumption or waste, conserve land or wildlife, provide less toxic alternatives to the market, or educate people about environmental problems.
Customers 4.1
Customers evaluates a company’s stewardship of its customers through the quality of its products and services, ethical marketing, data privacy and security, and feedback channels. In addition, this section recognizes products or services that are designed to address a particular social problem for or through its customers, such as health or educational products, arts & media products, serving underserved customers/clients, and services that improve the social impact of other businesses or organizations.