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An overall of 481 services were acknowledged as Firms of Good by the National Volunteer and Philanthropy Centre (NVPC) this year, as the effort noted its 10th commemoration. The acknowledgment honours services that develop good social impact in 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 leaders gathered up.
This year’s associate includes 177 Firm of Good– 1 Heart receivers, amongst them Colliers, Fraxtor, Craig Road Property, Ngee Koon, and Momentus Resort Alexandra.
“Ten years on, Company of Good has definitely displayed that Corporate Function is increasingly emerging as an important part of how organisations create worth for their stakeholders and the more comprehensive society,” states Tony Soh, CEO, NVPC.
“As we look ahead, NVPC will concentrate on strengthening the community of Business of Good and allowing organisations to learn from each other, collaborate throughout companies and industries and create impact with each other,” adds Soh.
Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong presided the activity, presenting the Champion of Good awards, whilst Senior Minister of State for Culture, Community and Youth, and Trade and Sector Low Yen Ling offered the Firm of Good– 3 Hearts awards.
Another 113 firms obtained the Business of Good– 3 Hearts acknowledgment, including 8M Real Estate, Banyan Tree Holdings, Far East Orchard, OUE REIT Management and Savills (Singapore).
Small and medium-sized ventures accounted for most of receivers, making up 376 groups, or 78% of the overall.
Over the past 3 years, 1,046 identified Companies of Good have collectively provided nearly $384 million in funds donations, more than $85 million in contributions in-kind, and over 1.1 million volunteer hours.
On the other hand, 63 companies were provided the Champion of Good award– the highest tier of the recognition system– consisting of Kuok (Singapore), Lendlease Global Commercial Trust Management, Mapletree Investments and TS Team.
