Arowana Impact Capital is the group's dedicated impact investing arm, headquartered in Singapore. It was the first B Corp-accredited impact investment manager to establish its headquarters in Southeast Asia.
AIC invests in purpose-driven companies aligned with the United Nations Sustainable Development Goals, with a focus on plastic waste, education, clean energy, and financial inclusion. Its portfolio includes Green Antz, a Philippines-based circular economy pioneer (see below), and it supports the electrification of jeepneys across the Philippines.
In April 2025, AIC launched AIC Group Holdings — a S$120 million permanent capital holding company designed to provide B Corp-certified founders across ASEAN with an exit that preserves their company's values and culture. Its advisory board includes Andrew Kassoy, co-founder of B Lab Global, the organisation behind the B Corp certification movement.
AIC's Environmental Finance Pollution Reduction Initiative of the Year (2022) won through its backing of Green Antz remains one of the few awards globally recognising private capital's role in reducing plastic waste at scale.
Geography: Southeast Asia (Philippines, Indonesia, Vietnam), expanding to MENA and Latin America
