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MEDIA RELEASE
Singapore, 29 August 2017 - The National Volunteer & Philanthropy Centre (NVPC)
and Global Compact Network Singapore (GCNS) entered into a two-year Memorandum
of Understanding (MoU) today that sets out to establish a national framework to guide
companies on practices in corporate social responsibility and sustainability. The MoU
was signed by Ms Melissa Kwee, CEO of NVPC and Mr Wilson Ang, Executive Director
of GCNS.
On the new common framework, Mr Ang commented, “We are delighted to partner
with NVPC to integrate our respective frameworks and develop a Trustmark for
businesses in Singapore. Companies can expect to be guided by a recognised
roadmap in their journey towards becoming a sustainable and internationally
competitive enterprise."
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Ms Kwee said that NVPC is aware that there are many companies in Singapore that
already have a strong CSR programme and that might be concerned that they have to
scale back on CSR in order to meet the requirements for sustainability, “What we
would like to do is to show them how they can concurrently tick the boxes of their
sustainability requirements with their ongoing CSR programme. One of our Company
of Good members, BusAds, for instance, provides employment opportunities to the
autistic community. This initiative is in fact also ful lling requirements for inclusivity
and diversity in hiring practices.”
Andrew Buay, Vice President of Group Sustainability at Singtel, says the framework can
bene t companies by giving them a clearer focus, “The integrated framework creates
congruence between both corporate giving and sustainability. It will enable
organisations to better mobilise capabilities and resources on a more sustainable
basis in support of a social cause. For their people, it will deepen the raison d'etre
behind the giving.”
CEO of Maybank Singapore, Mr Lim Hong Tat, says sustainability and corporate giving
can co-exist, “Maybank’s sustainability strategy is connected to our mission of
humanising nancial services. Our sustainability plan not only de nes our focus areas,
it is also a framework to manage sustainability issues, meet stakeholder expectations,
and guide our corporate giving strategies.”
In the next two years, other areas of collaboration between NVPC and GCNS will
include:
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10/9/2019 NVPC and Global Compact Network Singapore to develop national framework to guide companies on strategic, sustainable and imp…
Co-organising events and activities: Companies will get to participate in events and
activities to exchange ideas and experiences, as well as network with like-minded
parties in CSR and sustainability.
*Company of Good measures good and holistic giving through a framework comprising
4 ‘I’s (Investment, Integration, Institutionalisation and Impact). For more information on
Company of Good Framework, please visit https://companyofgood.sg/about
Speeches
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10/9/2019 NVPC and Global Compact Network Singapore to develop national framework to guide companies on strategic, sustainable and imp…
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