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Over the last three years, 1,046 acknowledged Companies of Good have collectively added close to $384 million in funds offerings, greater than $85 million in contributions in-kind, and over 1.1 million volunteer hours.
An overall of 481 companies were recognised as Business of Good by the National Volunteer and Philanthropy Centre (NVPC) this year, as the effort noted its 10th commemoration. The recognition honours services that develop positive social influence in Singapore.
The news was made at NVPC’s Firm of Good Conference and Conferment held on July 20 at Fairmont Singapore, which in turn saw close to 700 business heads gathered up.
This year’s cohort consists of 177 Business of Good– 1 Heart receivers, among them Colliers, Fraxtor, Craig Road Property, Ngee Koon, and Momentus Hotel Alexandra.
Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong governed the function, 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 Company of Good– 3 Hearts awards.
“10 years on, Company of Good has already presented that Business Purpose is increasingly becoming an integral part of how organisations produce value for their stakeholders and the more comprehensive culture,” says Tony Soh, PRESIDENT, NVPC.
At the same time, 63 companies were given the Champ of Good honor– the top tier of the acknowledgment system– consisting of Kuok (Singapore), Lendlease Global Commercial Trust Management, Mapletree Investments and TS Group.
An additional 113 firms received the Firm of Good– 3 Hearts acknowledgment, including 8M Realty, Banyan Tree Holdings, Far East Orchard, OUE REIT Management and Savills (Singapore).
“As we look ahead, NVPC will concentrate on enhancing the community of Companies of Good and allowing organisations to learn from each other, collaborate throughout companies and industries and create effect together,” adds Soh.
Small and medium-sized companies accounted for the majority of receivers, composing 376 organizations, or 78% of the overall.
