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Sustainable Philanthropy Framework

Driving Sustainable Philanthropy to Build Social Capital

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.

 

How aligning the ‘S’ brings benefits to stakeholders

Investors
  • Global assets may surpass $40 trillion by 2030, over 25% of projected $140 trillion assets under management (AUM).
Corporate s
  • Drive sustainability agenda 
  • Gain recognition by creating brand value & impact
  • Attract investors, like-minded employees & customers 
  • Competitive advantage
Community
  • Promote social mobility; create virtuous cycle that offers opportunities for smaller enterprises to thrive
  • Mobilise resources to address social needs and strengthen social compact. 


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:

  1. Giving - to ascertain businesses’ financial commitment and impact towards philanthropic efforts.

  2. Volunteering - to help businesses measure overall engagement of employee volunteerism with the aim of deepening their commitment and contribution to the community.

  3. Socially responsible business practices - to encourage businesses to go beyond profit maximisation and play a larger role in the society to drive positive impact on the ecosystem

The Framework and Metrics, along with guidance on how to adopt them to your business model, can be found in the Playbook.