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CAPITALAND has been recognised as a model corporate giving citizen for its commitment to helping underprivileged children, winning the inaugural corporate award within the President's Volunteerism and Philanthropy Awards 2015.
The corporate category was introduced this year to recognise the significance of complementing philanthropy efforts with volunteerism by an organisation.
CapitaLand in March this year launched a global initiative called #100KHopeHours to rally both its staff and others beyond the company to support volunteerism. The effort received "overwhelming response" from the community, including corporations and non-profit organisations, the firm said, with over 200,000 volunteer hours pledged - more than twice its original target of 100,000 hours.
CapitaLand is one of the first companies in Singapore to institute leave for volunteer service; when an employee fully utilises the three days of leave for volunteer service, CapitaLand Hope Foundation makes a donation to a registered charity in Singapore or China designated by the staff.
"The inaugural President's Award for Volunteerism and Philanthropy (Corporate) is timely," said CapitaLand Hope Foundation chairman S R Nathan, adding that it also marks a decade of CapitaLand Hope Foundation's commitment to "Building for Tomorrow".