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The statement was made at NVPC’s Business of Good Conference and Conferment held on July 20 at Fairmont Singapore, which in turn saw almost 700 business heads gathered up.
A total of 481 companies were identified as Companies of Good by the National Volunteer and Philanthropy Centre (NVPC) this year, as the initiative noted its 10th anniversary. The recognition honours companies that develop favorable social effect in Singapore.
This year’s cohort consists of 177 Company of Good– 1 Heart recipients, amongst them Colliers, Fraxtor, Craig Road Property, Ngee Koon, and Momentus Resort Alexandra.
One more 113 companies obtained the Firm of Good– 3 Hearts recognition, including 8M Property, Banyan Tree Holdings, Far East Orchard, OUE REIT Management and Savills (Singapore).
Small and medium-sized enterprises accounted for the majority of recipients, comprising 376 groups, or 78% of the overall.
“10 years on, Company of Good has presented that Corporate Purpose is progressively becoming an integral part of how organisations produce worth for their stakeholders and the more comprehensive society,” states Tony Soh, CEO, NVPC.
Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong presided the event, presenting the Champion of Good grants, while Senior Minister of State for Culture, Community and Youth, and Trade and Industry Low Yen Ling presented the Firm of Good– 3 Hearts awards.
Over the previous 3 years, 1,046 identified Companies of Good have collectively contributed close to $384 million in cash donations, more than $85 million in contributions in-kind, and more than 1.1 million volunteer hours.
At the same time, 63 organisations were conferred the Champion of Good award– the greatest tier of the acknowledgment system– including Kuok (Singapore), Lendlease Global Commercial Trust Management, Mapletree Investments and TS Team.
“As we look ahead, NVPC will concentrate on strengthening the community of Companies of Good and making it possible for organisations to gain from each other, collaborate throughout businesses and industries and create influence together,” includes Soh.
