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The news 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 leaders gathered.

“As we look in advance, NVPC is going to focus on strengthening the community of Firms of Good and allowing organisations to gain from each other, collaborate across companies and industries and produce influence with each other,” includes Soh.

Over the last three years, 1,046 recognised Companies of Good have collectively provided almost $384 million in amount contributions, greater than $85 million in donations in-kind, and more than 1.1 million volunteer hours.

Another 113 firms received the Firm of Good– 3 Hearts recognition, including 8M Realty, Banyan Tree Holdings, Far East Orchard, OUE REIT Management and Savills (Singapore).

Small and medium-sized ventures accounted for the large number of recipients, making up 376 organizations, or 78% of the total amount.

At the same time, 63 companies were given the Champion of Good award– the top tier of the acknowledgment system– consisting of Kuok (Singapore), Lendlease Global Commercial Trust Management, Mapletree Investments and TS Group.

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

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“Ten years on, Company of Good has displayed that Corporate Purpose is progressively becoming an important part of how organisations create worth for their stakeholders and the broader society,” says Tony Soh, CEO, NVPC.

Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong presided the event, offering the Champion of Good awards, while Senior Minister of State for Culture, Community and Youth, and Trade and Sector Low Yen Ling provided the Firm of Good– 3 Hearts awards.

A total of 481 services 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 organizations that create favorable social influence in Singapore.