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A total of 481 companies were recognised as Firms of Good by the National Volunteer and Philanthropy Centre (NVPC) this year, as the effort noted its 10th commemoration. The acknowledgment honours companies that produce good social influence in Singapore.

Meanwhile, 63 business were given the Champion of Good award– the top tier of the recognition system– consisting of Kuok (Singapore), Lendlease Global Commercial Trust Management, Mapletree Investments and TS Group.

“Ten years on, Company of Good has already displayed that Business Objective is progressively becoming an essential part of how organisations develop worth for their stakeholders and the wider culture,” claims Tony Soh, CEO, NVPC.

“As we look ahead, NVPC will focus on enhancing the community of Business of Good and allowing organisations to gain from one another, collaborate across companies and industries and create impact with each other,” includes Soh.

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

The announcement was made at NVPC’s Business of Good Conference and Conferment held on July 20 at Fairmont Singapore, which in turn saw around 700 business managers got together.

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

Over the past three years, 1,046 recognised Companies of Good have actually mutually contributed almost $384 million in cash contributions, more than $85 million in contributions in-kind, and more than 1.1 million volunteer hours.

This year’s cohort consists of 177 Company of Good– 1 Heart recipients, amongst them Colliers, Fraxtor, Craig Road Property, Ngee Koon, and Momentus Resort Alexandra.

Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong presided the function, presenting the Champion of Good awards, while Senior Minister of State for Culture, Community and Youth, and Trade and Industry Low Yen Ling presented the Company of Good– 3 Hearts awards.