The National Volunteer and Philanthropy Centre (NVPC) has welcomed 74 new Companies of Good at the inaugural Company of Good – 1 Heart Conferment, with 62 of these being small and medium enterprises (SMEs). This event marks a significant step in the lead-up to the 10th anniversary of the Company of Good (COG) initiative in 2026, highlighting the growing commitment of SMEs to integrate Corporate Purpose into their business models.
Since the refresh of the Company of Good Recognition System in 2023, 720 organisations have been acknowledged for their dedication to societal impact, with 495, or 69%, being SMEs. This trend underscores the increasing emphasis smaller businesses are placing on societal impact as a core business priority.
Among the newly conferred companies is By Invite Only, a local jewellery brand that prioritises sustainability and ethical practices. The brand uses waste-minimising packaging and ensures its products are manufactured in factories compliant with the Business Social Compliance Initiative. “Purpose has always guided our decisions,” said Trixie Khong, CEO and Founder of By Invite Only. “We hope to connect with other organisations and discover new ways to contribute across other areas of impact.”
QXY Resources Pte Ltd, a construction company, has also been recognised for its community contributions, including fundraising for local hospitals and supporting migrant workers during the COVID-19 pandemic. CEO Lynn Koh stated, “This recognition affirms our belief that businesses can be, and should be, a force for good.”
The Company of Good – 1 Heart Conferment uses a Simplified Questionnaire to track companies’ progress across five impact areas, providing an accessible entry point for businesses to join the Profit with Purpose movement. This initiative aims to foster a community of purpose-driven companies, encouraging them to deepen their societal impact.
