Over 400 businesses recognised as Companies of Good as NVPC initiative marks 10 years
The statement was made at NVPC’s Firm of Good Conference and Conferment held on July 20 at Fairmont Singapore, which saw approximately 700 business leaders gathered.
“10 years on, Company of Good has presented that Corporate Purpose is significantly emerging as an integral part of how organisations develop worth for their stakeholders and the more comprehensive culture,” says Tony Soh, PRESIDENT, NVPC.
At the same time, 63 organisations were conferred the Champ of Good honor– the greatest 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, composing 376 organizations, or 78% of the overall.
Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong presided the event, presenting the Champion of Good grants, whilst Senior Minister of State for Culture, Community and Youth, and Trade and Industry Low Yen Ling presented the Firm of Good– 3 Hearts awards.
A total of 481 services were acknowledged as Firms of Good by the National Volunteer and Philanthropy Centre (NVPC) this year, as the initiative noted its 10th anniversary. The acknowledgment honours services that produce favorable social impact in Singapore.
Over the previous 3 years, 1,046 recognised Companies of Good have actually mutually added close to $384 million in funds donations, greater than $85 million in contributions in-kind, and more than 1.1 million volunteer hours.
An additional 113 firms received the Company of Good– 3 Hearts acknowledgment, consisting of 8M Realty, Banyan Tree Holdings, Far East Orchard, OUE REIT Management and Savills (Singapore).
“As we look in advance, NVPC is going to focus on strengthening the community of Business of Good and making it possible for organisations to gain from each other, collaborate throughout businesses and sectors and create effect with each other,” includes Soh.
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.
