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A total of 481 businesses were recognised as Business of Good by the National Volunteer and Philanthropy Centre (NVPC) this year, as the campaign noted its 10th anniversary. The recognition honours businesses that develop good social influence in Singapore.
Over the last three years, 1,046 identified Companies of Good have collectively provided close to $384 million in funds donations, more than $85 million in contributions in-kind, and over 1.1 million volunteer hours.
Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong governed the event, providing the Champion of Good awards, whilst Senior Minister of State for Culture, Community and Youth, and Trade and Sector Low Yen Ling provided the Business of Good– 3 Hearts awards.
“As we look ahead, NVPC will concentrate on strengthening the community of Business of Good and enabling organisations to gain from one another, collaborate across companies and sectors and develop influence with each other,” includes Soh.
“10 years on, Company of Good has definitely presented that Company Function is significantly becoming an important part of how organisations produce value for their stakeholders and the broader culture,” states Tony Soh, PRESIDENT, NVPC.
This year’s associate includes 177 Company of Good– 1 Heart recipients, amongst them Colliers, Fraxtor, Craig Road Property, Ngee Koon, and Momentus Resort Alexandra.
Meanwhile, 63 companies were given the Champion of Good award– the best tier of the recognition system– including Kuok (Singapore), Lendlease Global Commercial Trust Management, Mapletree Investments and TS Team.
The announcement was made at NVPC’s Company of Good Conference and Conferment held on July 20 at Fairmont Singapore, which in turn saw around 700 business managers got together.
Small and medium-sized ventures accounted for the large number of recipients, making up 376 organizations, or 78% of the total amount.
Another 113 firms received the Business of Good– 3 Hearts acknowledgment, consisting of 8M Realty, Banyan Tree Holdings, Far East Orchard, OUE REIT Management and Savills (Singapore).
