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An overall of 481 businesses were identified as Firms of Good by the National Volunteer and Philanthropy Centre (NVPC) this year, as the effort marked its 10th anniversary. The recognition honours businesses that produce good social impact in Singapore.

On the other hand, 63 organisations were provided the Champion of Good honor– the top tier of the recognition system– consisting of Kuok (Singapore), Lendlease Global Commercial Trust Management, Mapletree Investments and TS Group.

This year’s associate consists of 177 Business of Good– 1 Heart receivers, among them Colliers, Fraxtor, Craig Road Property, Ngee Koon, and Momentus Resort Alexandra.

An additional 113 companies obtained the Firm of Good– 3 Hearts acknowledgment, including 8M Real Estate, Banyan Tree Holdings, Far East Orchard, OUE REIT Management and Savills (Singapore).

Over the past 3 years, 1,046 recognised Companies of Good have jointly added almost $384 million in cash donations, more than $85 million in donations in-kind, and more than 1.1 million volunteer hours.

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Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong officiated the event, presenting 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.

Small and medium-sized ventures accounted for most of receivers, making up 376 groups, or 78% of the total.

“10 years on, Company of Good has shown that Business Purpose is significantly emerging as an important part of how organisations create value for their stakeholders and the wider society,” says Tony Soh, PRESIDENT, NVPC.

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 managers got together.

“As we look ahead, NVPC is going to concentrate on enhancing the community of Companies of Good and enabling organisations to pick up from each other, collaborate throughout companies and industries and develop influence with each other,” adds Soh.