SINGAPORE - A Sustainable Philanthropy Framework to guide corporates to measure and monitor the social impact of their donations, volunteering and inclusive hiring practices will be launched in the first quarter of 2024. Read more at straitstimes.com.
SINGAPORE - A Sustainable Philanthropy Framework to guide corporates to measure and monitor the social impact of their donations, volunteering and inclusive hiring practices will be launched in the first quarter of 2024.
The framework aims to help businesses better shape and track the “social” aspect of their environmental, social and governance efforts. It was co-developed by NCSS and the National Volunteer and Philanthropy Centre , together with other partners. Mr Masagos, who is also Second Minister for Health, observed that many companies based here want to contribute meaningfully to Singapore and that more are committing to regular donations and volunteerism and weaving social impact into their corporate purpose and DNA.He invited corporates to share their views and feedback as they continue to engage stakeholders to foster “sustainable philanthropy”, and to adopt the framework when it is launched.
Speaking at the summit, NCSS president Anita Fam affirmed the council’s commitment to help SSAs and support social service professionals, and to attract, develop and retain talents. The initiatives include an online Wellness Resource Hub, launched at the summit, to provide sector professionals with resources and practical tips on self-care and managing employees’ mental well-being.
Mr Ho Kwon Ping, founder and executive chairman of Banyan Tree Holdings, who was guest speaker at the summit, said SSAs and corporates both belong to the same enabling ecosystem to make the world a better place.
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