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With social needs becoming increasingly complex, the public, private and people sectors can come together to strengthen our ecosystem of support for individuals and families. There has also been a growing interest for businesses to take a strategic approach in their corporate social responsibility efforts, shifting from ad-hoc giving to achieving sustained impact and tangible outcomes. Sustainable Philanthropy Framework was developed to drive our vision of inculcating a culture where corporates take on a more sustained and longer-term approach to give back to the community and strengthen Singapore's social compact.
The Framework will be accompanied with a set of metrics to help businesses measure, monitor and eventually benchmark themselves on the societal impact of their philanthropic efforts, and how well they are doing in the “S” aspect of ESG (Environmental, Social and Governance) goals.
Businesses can begin their sustainable philanthropy journey by adopting the Framework and aligning their philanthropic efforts to their corporate purpose, vision and mission. The Framework details three ways on how businesses can contribute:
The Framework and Metrics, along with guidance on how to adopt them to your business model, can be found in the Playbook.
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