Singapore, January 2019 – OSK Ventures International Berhad (“OSKVI”), a Malaysia-based private equity company, announces its strategic investment in Blue Planet Environmental Solutions (“BluePlanet”), a regional waste management company headquartered in Singapore focusing on technology-driven end-to-end waste solutions.
This investment in waste management solutions marks OSKVI’s return into the sustainability segment. This partnership with Blue Planet is in line with the private equity company’s vision of undertaking the challenge of embedding sustainability across its business operations.
Blue planet has vertically integrated offerings across the waste management value chain. It acquires innovative technologies to manage both organic and inorganic waste streams that could be tailored to the region’s specific requirements. This includes solutions to convert of thin-film plastic waste into commercial use diesel and processing municipal grade organic waste into compost and biogas.
The company provides a wide spectrum of waste management solutions across the lifecycle of waste, from collection to resource recovery and up-cycling, in order to achieve its ‘zero waste to landfill’ policy.
Blue Planet also operates in India through its various subsidiaries and has selectively acquired various technologies in each step of waste management including collection and transportation, segregation and processing to achieve high resource recovery along the waste management cycle.
Patrick Yee, OSKVI’s Chief Operating Officer said, “We are very excited about our partnership with Blue Planet as this marks a step forward towards integrating Environmental, Social and Governance (ESG)considerations into our business strategy.” “With Blue Planet’s proven technology and significant track record in delivering viable solutions in the waste management platform, we look forward to growing with them and at the same time, being able to contribute towards greater social impact especially with regards to the environment.”
Prashant Singh, Founder and Chief Executive Officer of Blue Planet added, “We are delighted to have OSKVI partner with us as we continue to grow our business in the region. Sustainability is at the very core of our business and we look forward to helping companies develop sustainable solutions to manage their waste effectively.”
Blue Planet’s integration of sustainability metrics in its operations enables it to enhance existing processes in the waste management industry and add significant commercial value. The company adopts the Triple Bottom Line ethos of ‘People, Planet, Prosperity’ throughout its operations and is focused on the robust reporting of its Environmental, Social and Governance aspects and performance.
The company’s operations and reporting process are also aligned with the United Nations’ Sustainable Development Goals, a set of development targets by 2030 adopted by member nations, and the 10principles of the United National Global Compact.
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About Blue Planet Environmental Solutions: Blue Planet Environmental Solutions India Pvt. Ltd. (BluePlanet), is a wholly owned subsidiary of Blue Planet Environmental Solutions Pte. Ltd. which is aSingapore headquartered company driving regional sustainability through technology-driven and IT based end to end solutions for waste management. Blue Planet Environmental Solutions has selectively acquired technologies and teams successful in each step of waste management including collection and transportation, segregation and processing to achieve high resource recovery through recycling and upcycling waste. The company provides a carefully designed solution which ensures a net positive social and environmental impact. Website: www.blue-planet.com.