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Over the past three years, 1,046 identified Companies of Good have actually jointly contributed nearly $384 million in amount contributions, more than $85 million in contributions in-kind, and more than 1.1 million volunteer hours.
This year’s associate consists of 177 Business of Good– 1 Heart receivers, among them Colliers, Fraxtor, Craig Road Property, Ngee Koon, and Momentus Hotel Alexandra.
One more 113 business got the Business of Good– 3 Hearts recognition, including 8M Realty, Banyan Tree Holdings, Far East Orchard, OUE REIT Management and Savills (Singapore).
The announcement 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.
Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong presided the activity, offering the Champion of Good awards, while Senior Minister of State for Culture, Community and Youth, and Trade and Market Low Yen Ling provided the Firm of Good– 3 Hearts awards.
A total of 481 companies were recognised as Business of Good by the National Volunteer and Philanthropy Centre (NVPC) this year, as the initiative marked its 10th commemoration. The recognition honours services that produce favorable social influence in Singapore.
“10 years on, Company of Good has already shown that Business Purpose is progressively emerging as an important part of how organisations produce value for their stakeholders and the wider culture,” states Tony Soh, CEO, NVPC.
“As we look ahead, NVPC will concentrate on enhancing the community of Companies of Good and enabling organisations to gain from one another, collaborate throughout businesses and sectors and develop impact together,” includes Soh.
At the same time, 63 business were given the Champion of Good award– the highest tier of the acknowledgment system– consisting of Kuok (Singapore), Lendlease Global Commercial Trust Management, Mapletree Investments and TS Team.
Small and medium-sized enterprises accounted for most of receivers, comprising 376 organizations, or 78% of the total amount.
