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Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong officiated the event, offering the Champion of Good grants, while Senior Minister of State for Culture, Community and Youth, and Trade and Market Low Yen Ling offered the Business of Good– 3 Hearts awards.
The statement was made at NVPC’s Business of Good Conference and Conferment held on July 20 at Fairmont Singapore, which saw around 700 business leaders gathered up.
“As we look in advance, NVPC will concentrate on strengthening the community of Firms of Good and allowing organisations to gain from one another, collaborate across companies and industries and develop impact with each other,” includes Soh.
This year’s cohort includes 177 Firm of Good– 1 Heart receivers, among them Colliers, Fraxtor, Craig Road Property, Ngee Koon, and Momentus Hotel Alexandra.
“Ten years on, Company of Good has definitely displayed that Corporate Objective is progressively emerging as an essential part of how organisations create worth for their stakeholders and the wider culture,” states Tony Soh, CEO, NVPC.
An overall of 481 companies were acknowledged as Business of Good by the National Volunteer and Philanthropy Centre (NVPC) this year, as the effort noted its 10th anniversary. The acknowledgment honours companies that create favorable social effect in Singapore.
On the other hand, 63 companies were given the Champion of Good honor– the greatest tier of the acknowledgment system– consisting of Kuok (Singapore), Lendlease Global Commercial Trust Management, Mapletree Investments and TS Team.
Over the last 3 years, 1,046 recognised Companies of Good have actually mutually provided close to $384 million in cash offerings, more than $85 million in donations in-kind, and over 1.1 million volunteer hours.
One more 113 firms received the Company of Good– 3 Hearts acknowledgment, including 8M Realty, Banyan Tree Holdings, Far East Orchard, OUE REIT Management and Savills (Singapore).
Small and medium-sized companies accounted for most of receivers, comprising 376 organizations, or 78% of the total.
