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Another 113 business obtained the Firm of Good– 3 Hearts acknowledgment, consisting of 8M Property, Banyan Tree Holdings, Far East Orchard, OUE REIT Management and Savills (Singapore).
This year’s cohort consists of 177 Firm of Good– 1 Heart recipients, amongst them Colliers, Fraxtor, Craig Road Property, Ngee Koon, and Momentus Hotel Alexandra.
An overall of 481 services were recognised as Firms of Good by the National Volunteer and Philanthropy Centre (NVPC) this year, as the campaign noted its 10th commemoration. The acknowledgment honours businesses that develop positive social effect in Singapore.
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“10 years on, Company of Good has already shown that Business Function is increasingly becoming an integral part of how organisations develop worth for their stakeholders and the wider culture,” states Tony Soh, CEO, NVPC.
Small and medium-sized ventures accounted for the large number of receivers, comprising 376 organisations, or 78% of the total amount.
“As we look in advance, NVPC will concentrate on strengthening the community of Firms of Good and enabling organisations to learn from each other, collaborate throughout businesses and industries and produce effect together,” adds Soh.
At the same time, 63 business were given the Champion of Good award– the greatest tier of the acknowledgment system– consisting of Kuok (Singapore), Lendlease Global Commercial Trust Management, Mapletree Investments and TS Group.
The news was made at NVPC’s Business of Good Conference and Conferment held on July 20 at Fairmont Singapore, which saw around 700 business leaders gathered up.
Over the last three years, 1,046 recognised Companies of Good have jointly added nearly $384 million in cash offerings, more than $85 million in donations in-kind, and over 1.1 million volunteer hours.
Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong presided the activity, presenting the Champion of Good grants, whilst Senior Minister of State for Culture, Community and Youth, and Trade and Sector Low Yen Ling presented the Business of Good– 3 Hearts awards.
