Countdown to the event
SGX Cares beneficiaries were the winners as the 18th annual Bull Charge Charity Run concluded Singapore Exchange’s (SGX) fundraising efforts for the year.
At a ceremony at SGX Centre today, a cheque for S$2,060,888 was presented to Community Chest, which will channel all proceeds to the adopted SGX Cares beneficiaries for 2021: AWWA Ltd., Autism Association (Singapore), Fei Yue Community Services, HCSA Community Services and Shared Services for Charities.
SGX Cares, the collective name for SGX’s CSR pillars of Bull Charge, Outreach and Financial Literacy, aims to create positive impact by activating the power of community. Bull Charge, its flagship fundraising initiative, has now raised over S$44 million since 2004 for more than 50 charities and a variety of causes, through the support of corporate sponsors and partners from the international financial community.
Beyond financial support, direct community engagement is key, especially amid the ongoing pandemic. SGX Cares has been honoured with four awards from Community Chest and the Agency for Integrated Care for its holistic care for beneficiaries, contributions to the community care sector and regular volunteerism. Its Outreach programme this year featured virtual sports clinics, sprucing up transitional shelter homes and working with mm2 celebrities and Team SG athletes to pack and deliver care packages to the underprivileged and low-income families.
This year’s Bull Charge Charity Run was held virtually for a second year, drawing over 4,000 participants from cities across Southeast Asia, Australia, China, India, Japan, the U.K. and the U.S. over 10 days through 7 November. The event had kicked off on 29 October with a 3.2km Chief Challenge for CEOs and chiefs of companies, which was flagged off by Singapore’s Minister for Education, Mr. Chan Chun Sing, alongside Team SG athletes Nur Syahidah Alim, Shanti Pereira and Amanda Ng.
Mr. Loh Boon Chye, Chief Executive Officer of SGX, said, “We would like to thank all our sponsors, business partners, participants and volunteers for going the extra mile once again for our beneficiaries. SGX is privileged to be able to facilitate and pull together the giving of money, time and resources on behalf of the ecosystem. ‘Better Happens Together’ when we join forces as a global community to amplify the positive impact for those who need our help the most. We look forward to growing our engagement, with SGX Cares beneficiaries at the centre of our efforts.”
Thank you once again to our sponsors and participants and see you at the start line in 2022!
For consecutive years, SGX Bull Charge has held three key fundraising events – Charity Golf, Charity Futsal and Charity Run – in support of our beneficiaries.
COVID-19 has dramatically changed this equation. Charities and non-profit organisations, which depend heavily on corporate philanthropy for critical funding, have been severely impacted as corporate donations are projected to reduce substantially. The pandemic may have thrown a spanner in the works, but it has not affected our determination to continue looking after our beneficiaries during these difficult times. In March 2020, SGX introduced a S$5 million SGX Care Package that included funds to cover beneficiaries for expenses such as the purchase of thermal scanners, surgical masks, hand sanitisers and disinfectants.
For the first time, SGX Bull Charge Run was transformed into a virtual run in 2020. Although it was an unprecedented year for all, we did not forget about our mission to continue to raise funds for those in need.
SGX Cares is Singapore Exchange’s vision for collective good. As Asia’s leading and trusted market infrastructure, we are bringing together the financial industry to uplift and empower our communities. Through fundraising events, outreach activities and initiatives to foster financial literacy, SGX Cares seeks to create positive change and drive opportunities for a brighter, more sustainable future. We welcome you to join our colleagues and partners around the world in making a difference. When we rally with a shared purpose, Better Happens Together.
SGX Bull Charge last year transformed its 17th annual Charity Run into a two-week virtual fundraiser to prioritise the well-being of participants. The event kicked off on 30 October with Team Singapore Olympian Joscelin Yeo joining 44 CEOs and chiefs of companies in the 3km virtual Chief Challenge, which was flagged off by C. Kunalan and Team Singapore Paralympian Theresa Goh. Participants in the virtual Mass Run each ran at their own pace and space, including ultramarathoner Stephen Lim who topped the leaderboard with 800 km.
Together, the over 5,000-strong community from several cities around the world surpassed its collective goal of 100,000 km within the first week of the event, clocking more than 150,000 km by 13 November. Corporate sponsors led the fundraising, supported by participants in SGX’s Commodities Unplugged webinar series in May-June, alongside SGX staff and members of the public. The exchange’s business, data and technology partners also pledged their financial support at a Technology Symposium in November. SGX, which donated S$1.5 million including matching contributions dollar-for-dollar, will commit an additional 1,000 volunteer hours to charity.
SGX Bull Charge is the only corporate charity initiative that rallies Singapore’s financial community and listed companies to support the needs of underprivileged children and families, persons with disabilities, as well as the elderly. Since 2004, it has raised S$42.6 million for more than 50 charities, helping beneficiaries lead a more positive, meaningful and comfortable life. In March, SGX introduced a S$5 million SGX Care Package that included funds to cover beneficiaries for expenses such as the purchase of thermal scanners, surgical masks, hand sanitisers and disinfectants.
Read more in our press release here.