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The announcement was made at NVPC’s Company of Good Conference and Conferment held on July 20 at Fairmont Singapore, which in turn saw around 700 business heads gathered.
An additional 113 business obtained the Business of Good– 3 Hearts acknowledgment, including 8M Property, Banyan Tree Holdings, Far East Orchard, OUE REIT Management and Savills (Singapore).
“Ten years on, Company of Good has already shown that Company Purpose is progressively becoming an essential part of how organisations produce value for their stakeholders and the wider society,” claims Tony Soh, CEO, NVPC.
“As we look ahead, NVPC is going to concentrate on enhancing the community of Firms of Good and enabling organisations to gain from one another, collaborate across companies and sectors and create effect together,” adds Soh.
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Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong presided the event, presenting the Champion of Good awards, whilst Senior Minister of State for Culture, Community and Youth, and Trade and Market Low Yen Ling provided the Business of Good– 3 Hearts awards.
Over the previous three years, 1,046 recognised Companies of Good have collectively added close to $384 million in amount donations, more than $85 million in contributions in-kind, and more than 1.1 million volunteer hours.
Meanwhile, 63 business were provided the Champ of Good honor– the best tier of the acknowledgment system– consisting of Kuok (Singapore), Lendlease Global Commercial Trust Management, Mapletree Investments and TS Group.
An overall of 481 services were acknowledged as Companies of Good by the National Volunteer and Philanthropy Centre (NVPC) this year, as the initiative marked its 10th commemoration. The acknowledgment honours companies that produce good social influence in Singapore.
Small and medium-sized enterprises accounted for the large number of receivers, composing 376 organisations, or 78% of the total.
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.
