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A total of 481 businesses were recognised as Companies of Good by the National Volunteer and Philanthropy Centre (NVPC) this year, as the initiative marked its 10th commemoration. The recognition honours companies that create positive social influence in Singapore.
The announcement was made at NVPC’s Company of Good Conference and Conferment held on July 20 at Fairmont Singapore, which saw around 700 business leaders got together.
One more 113 companies obtained the Business of Good– 3 Hearts recognition, including 8M Real Estate, Banyan Tree Holdings, Far East Orchard, OUE REIT Management and Savills (Singapore).
Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong presided the event, providing the Champion of Good awards, whilst Senior Minister of State for Culture, Community and Youth, and Trade and Sector Low Yen Ling provided the Company of Good– 3 Hearts awards.
At the same time, 63 business were provided the Champion of Good award– the highest tier of the acknowledgment system– including Kuok (Singapore), Lendlease Global Commercial Trust Management, Mapletree Investments and TS Group.
This year’s associate consists of 177 Firm of Good– 1 Heart recipients, among them Colliers, Fraxtor, Craig Road Property, Ngee Koon, and Momentus Hotel Alexandra.
“As we look in advance, NVPC is going to focus on enhancing the community of Companies of Good and making it possible for organisations to pick up from one another, collaborate throughout companies and industries and create impact with each other,” includes Soh.
Small and medium-sized enterprises accounted for the large number of recipients, making up 376 organisations, or 78% of the total amount.
“Ten years on, Company of Good has already displayed that Business Purpose is progressively emerging as an essential part of how organisations produce worth for their stakeholders and the wider society,” says Tony Soh, PRESIDENT, NVPC.
Over the past three years, 1,046 recognised Companies of Good have mutually contributed almost $384 million in funds contributions, more than $85 million in donations in-kind, and more than 1.1 million volunteer hours.
