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Over the past three years, 1,046 recognised Companies of Good have actually jointly provided close to $384 million in funds donations, greater than $85 million in contributions in-kind, and more than 1.1 million volunteer hours.
Small and medium-sized ventures accounted for most of recipients, making up 376 groups, or 78% of the total amount.
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).
This year’s associate consists of 177 Company of Good– 1 Heart recipients, amongst them Colliers, Fraxtor, Craig Road Property, Ngee Koon, and Momentus Hotel Alexandra.
A total of 481 businesses were identified as Companies of Good by the National Volunteer and Philanthropy Centre (NVPC) this year, as the initiative noted its 10th commemoration. The acknowledgment honours services that develop favorable social effect in Singapore.
The statement was made at NVPC’s Company of Good Conference and Conferment held on July 20 at Fairmont Singapore, which in turn saw almost 700 business managers gathered.
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“As we look ahead, NVPC will focus on strengthening the community of Business of Good and making it possible for organisations to learn from each other, collaborate throughout businesses and sectors and create effect with each other,” adds Soh.
On the other hand, 63 business were given the Champ of Good award– the greatest tier of the recognition system– including Kuok (Singapore), Lendlease Global Commercial Trust Management, Mapletree Investments and TS Team.
Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong officiated the activity, offering the Champion of Good awards, whilst Senior Minister of State for Culture, Community and Youth, and Trade and Market Low Yen Ling presented the Firm of Good– 3 Hearts awards.
“Ten years on, Company of Good has definitely presented that Company Purpose is progressively becoming an integral part of how organisations produce value for their stakeholders and the broader culture,” claims Tony Soh, PRESIDENT, NVPC.
