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Corporate Social Responsibility

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

Over the past decades, there has been a growing awareness in Singapore and worldwide that implementing CSR activities can offer businesses a competitive advantage over others who are of the view that CSR cannot contribute to their bottom-line. It is increasingly accepted in many companies, which make CSR practices an important aspect of their business operations as they realise that implementing sound CSR practices can bring about many advantages. These include creating a good reputation and high morale among staff, which results in enhanced productivity and more effective performance, thereby drawing more investors.

Well-respected global business leaders have given credit to the importance of CSR as part of their business goals. For example, Mr Niall Fitzerald, former CEO, Unilever pointed out: “Corporate social responsibility is a hardedged business decision. Not because it is a nice thing to do or because people are forcing us to do it... because it is good for our business.”

Another prominent business leader, Mr Jeroen van der Veer, Committee of Managing Directors (Shell) said: “In my view, the successful companies of the future will be those that integrate business and employees’ personal values. The best people want to do work that contributes to society with a company whose values they share, where their actions count and their views matter.”

Our Group seeks to be a good corporate citizen, and as such, we conduct our business in a sustainable way that provides positive economic, social and environmental impact for our stakeholders and their environments. At OKP, we diligently apply best practices in all our business operations, and this incorporates giving back to society, especially in providing support to the less fortunate and disadvantaged members of the community. We offer financial assistance through sponsorships and donations to various charitable groups and causes. We also instil a spirit of volunteerism among our workforce so that they volunteer their time and efforts towards helping worthy causes. We also provide our employees with opportunities to be responsible citizens as they participate in various fundraising programmes for specific causes.

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

In 2020, we contributed to two compassionate funds to support construction companies and migrant workers in view of the Covid-19 pandemic. 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. In addition, we have sponsored many fundraising golf tournaments such as 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. We also sponsored the People’s Association Community Centres/Clubs Building Fund, and Singapore Institute of Building Limited’s movie event.