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Grab Holdings Limited
Stewardship principles Sustainable business practices Continuously held since: 2024 Holding as at end 2025: 1.17 percent
Headquartered in Singapore, Grab’s ‘super app’ combines multiple services (ride-hailing, food delivery and digital payments) into one platform across eight countries in Southeast Asia.
| Engagement type | First engaged on the topic |
|---|
| Support Grab in promoting best practice in the gig economy | Assessing | 2024 |
Status
Ongoing
Gig workers are central to Grab's business model, yet their employment often carries workforce and regulatory risks. The company's navigation of and response to regulatory developments and potential driver protests is core to maintaining a social licence to operate and is important to our investment case. We are engaging to understand Grab's approach to its driver partnerships and to support the adoption of best practice in labour-market stability, regulatory compliance and partner retention.
We planned ongoing engagement with Grab to explore opportunities to implement relevant elements of Fairwork's2 principles related to working conditions and improved driver opportunities.
Labour-market stability, regulatory compliance and partner retention remain a material consideration for investors. Singapore's Platform Workers Act came into effect on 1 January 2025. This requires companies to pay pension contributions and compensation for injuries to gig workers. The International Labour Organisation (ILO) is also developing global standards for platform workers.
Having spoken to Grab, it expects regional
regulations to gradually align with Singapore's
model. However, progress will be slower in less
economically developed markets, such as Indonesia
and Vietnam. For example, Fairwork's latest review of
Grab Indonesia showed no improvement in its score.
2 Fairwork is a project coordinated by the Oxford Internet Institute and the WZB Berlin Social Science Center, examining how digital trends affect the labour force.