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A total of 481 services were recognised as Business of Good by the National Volunteer and Philanthropy Centre (NVPC) this year, as the effort marked its 10th anniversary. The recognition honours services that develop positive social effect in Singapore.
“As we look in advance, NVPC will concentrate on reinforcing the community of Firms of Good and allowing organisations to learn from one another, collaborate throughout businesses and industries and produce impact with each other,” includes Soh.
One more 113 firms got the Firm of Good– 3 Hearts recognition, consisting of 8M Property, Banyan Tree Holdings, Far East Orchard, OUE REIT Management and Savills (Singapore).
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This year’s associate includes 177 Business of Good– 1 Heart receivers, among them Colliers, Fraxtor, Craig Road Property, Ngee Koon, and Momentus Hotel Alexandra.
Over the past three years, 1,046 identified Companies of Good have actually mutually provided nearly $384 million in amount donations, greater than $85 million in contributions in-kind, and over 1.1 million volunteer hours.
On the other hand, 63 business were provided the Champion of Good honor– the highest tier of the recognition system– consisting of Kuok (Singapore), Lendlease Global Commercial Trust Management, Mapletree Investments and TS Group.
Small and medium-sized ventures accounted for most of receivers, comprising 376 organizations, or 78% of the overall.
The statement was made at NVPC’s Business of Good Conference and Conferment held on July 20 at Fairmont Singapore, which in turn saw almost 700 business heads got together.
Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong governed the activity, providing the Champion of Good awards, while Senior Minister of State for Culture, Community and Youth, and Trade and Sector Low Yen Ling offered the Business of Good– 3 Hearts awards.
“Ten years on, Company of Good has already shown that Corporate Purpose is significantly emerging as an integral part of how organisations develop worth for their stakeholders and the broader society,” says Tony Soh, PRESIDENT, NVPC.
