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Corporate Social Responsibility

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Corporate social responsibility (CSR) is widely recognised as a sound business practice. According to the Financial Times, CSR is a business approach that contributes to sustainable development by providing economic, social and environmental benefits for all stakeholders.

In Singapore and worldwide, companies are becoming more aware that implementing CSR activities can offer a competitive advantage over others who think that CSR cannot add to their bottom-line. Many businesses which make CSR practices a significant aspect of their operations, realise that implementing good CSR practices can bring about many advantages. These include creating a good reputation and high morale among employees, which results in greater productivity and better performance, thus attracting more investors.

Global business leaders have expressed the importance of CSR in achieving their business goals. For example, Executive Chairman of the World Economic Forum Mr Klaus Schwab said: “Corporate social responsibility is measured in terms of businesses improving conditions for their employees, shareholders, communities, and environment. But moral responsibility goes further, reflecting the need for corporations to address fundamental ethical issues such as inclusion, dignity, and equality.”

Another business leader, Mr Shiv Nadar, who is an Indian industrialist and entrepreneur, and the founder of HCL, an IT enterprise, shared: “I admire companies that give back to communities. It is an absolute essential for organisations to watch, mitigate, and improve their impact on the environment, people, communities, their health and overall well-being. But this is a necessary condition, not a sufficient condition.”

Our Group aims to be a good corporate citizen and therefore, we conduct our business in a sustainable way that offers affirmative economic, social and environmental impact for our stakeholders and their environments. At OKP, we conscientiously apply best practices in all our business operations, which involves giving back to society, especially in providing support to the underprivileged and needy members of the community. The company offers financial assistance through sponsorships and donations to various charitable groups and causes. We also inculcate a spirit of volunteerism among our staff so that they volunteer their time and efforts towards helping worthy causes. We also encourage our workforce to take part in various fundraising programmes, thus enabling them to be responsible and caring citizens.

Supporting Various Charities And Community Organisations

We contribute to the community by taking part in fundraising events and philanthropic activities and through our annual Charities of the Year programme.

In 2021, OKP contributed to three organisations, namely the Disabled People's Association, Nee Soon South Community Club Building Fund, and the Building and Construction Authority's International Built Environment Week.

In 2020, the Group contributed to two compassionate funds to support construction companies and migrant workers in view of the Covid-19 pandemic, in addition to donations to the Disabled People's Association and the Singapore Association for the Deaf.

We provide financial support and help to the following charities and community organisations:

We also sponsor activities organised by various organisations such as schools, religious and grassroots organisations, and the Community Development Council. The Group has sponsored many fundraising golf tournaments such as those for Pertapis Education and Welfare Centre, Tentera Diraja Mosque, National University of Singapore's Building & Estate Management Alumni; Land Transport Authority, Tunnelling and Underground Construction Society (Singapore) and Ngee Soon Group Representation Constituency. In addition, OKP also sponsored the People's Association Community Centres/Clubs Building Fund, and Singapore Institute of Building Limited's movie event.