Be a Company of Good

There are currently more than two thousand companies in Singapore that are registered as Companies of Good, of which over 140 are Champions of Good – companies recognised as exemplary multipliers in doing good.

Companies were previously assessed by their efforts in doing good, such as volunteering, donation and fundraising initiatives. With the implementation of the corporate purpose framework, the recognition model will be enhanced accordingly.

Central to this recognition system is harmonisation. Existing standards, marks and awards conferred on a company by Singapore government and pertinent and global institutions will be considered. Strategically, this brings about the necessary coordination and integration of different standards, awards and marks in Singapore for companies to be recognised for their holistic contributions at a national level.

An Integrated Recognition Model

Corporate Purpose Articulation

Articulating the company’s Corporate Purpose statement

Define why, what and how this statement was created or revised

Strategies and action plans for achieving this articulation

Structures, systems or processes to embed their purpose

Recognition of Efforts Across Five Impact Areas

People

Harmonisation with existing workplace improvement efforts, including supporting national-level guidelines

Society

Continued relevance of NVPC’s 4 ‘I’ Framework (to be updated), as well as involvement in NVPC and partner programmes

Governance

Recognition of companies’ corporate governance practices, especially in integrity and transparency

Environment

Harmonisation with existing Environment, Social and Governance (ESG) efforts, including recognition by established standards

Economic

Recognition of companies’ investment of strategic capabilities in Singapore, such as purpose-driven training and R&D

In the new recognition model, experts in the respective fields will identify critical areas and provide valuable input on a company’s submission, ensuring the relevance and practicality of the enhanced recognition model. NVPC will be working closely with industry partners across the five impact areas as part of the new Company of Good strategy.