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One more 113 business got the Company of Good– 3 Hearts recognition, including 8M Real Estate, Banyan Tree Holdings, Far East Orchard, OUE REIT Management and Savills (Singapore).
This year’s cohort includes 177 Business of Good– 1 Heart receivers, amongst them Colliers, Fraxtor, Craig Road Property, Ngee Koon, and Momentus Hotel Alexandra.
On the other hand, 63 companies were conferred the Champ of Good honor– the highest tier of the recognition system– consisting of Kuok (Singapore), Lendlease Global Commercial Trust Management, Mapletree Investments and TS Group.
A total of 481 businesses were identified as Companies of Good by the National Volunteer and Philanthropy Centre (NVPC) this year, as the campaign noted its 10th anniversary. The acknowledgment honours services that create good social impact in Singapore.
Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong officiated the activity, offering the Champion of Good awards, whilst Senior Minister of State for Culture, Community and Youth, and Trade and Industry Low Yen Ling offered the Business of Good– 3 Hearts awards.
“As we look ahead, NVPC is going to concentrate on enhancing the community of Firms of Good and allowing organisations to learn from one another, collaborate across companies and sectors and develop influence with each other,” adds Soh.
“Ten years on, Company of Good has shown that Corporate Objective is significantly emerging as an important part of how organisations create value for their stakeholders and the broader society,” states Tony Soh, CEO, NVPC.
The news was made at NVPC’s Business of Good Conference and Conferment held on July 20 at Fairmont Singapore, which in turn saw close to 700 business managers got together.
Over the last three years, 1,046 recognised Companies of Good have mutually added close to $384 million in funds offerings, more than $85 million in donations in-kind, and more than 1.1 million volunteer hours.
Small and medium-sized ventures accounted for most of recipients, composing 376 organizations, or 78% of the overall.
