4 April 2022: The Business Times and KPMG in Singapore today announced that nominations for the 2022 Enterprise 50 (E50) Awards are now open.
This year’s Awards, with the theme 'Ready, Reset, Grow', echoes Singapore’s Budget 2022 measures to transition out of the recovery phase into a more sustainable future, with a focus on long-term growth for enterprises. The 2022 E50 will award 50 homegrown enterprises for taking bold steps in being adaptable, reinventing themselves to chart new paths of growth amid uncertain business landscape while understanding the need to accelerate green transition.
Back for its 28th edition, the annual E50 Awards is jointly organised by The Business Times, Singapore’s only financial daily published by SPH Media Trust, and KPMG in Singapore, with OCBC Bank as the presenting sponsor. The virtual launch of the awards was attended by 86 business leaders from more than 76 local enterprises.
Speaking at the launch of this year’s Awards, Mr Wong Wei Kong, Editor of The Business Times, said: “As Singapore companies put the pandemic behind them, the focus will be back on growth. Yet it is also clear that it cannot be business as usual, or even growing as before. Companies will face the challenge of growing sustainably, being held more accountable for the impact they make. We hope the E50 awards will help in this reset by highlighting, recognising and exemplifying Singapore enterprises leading this next phase of growth.”
Mr Jonathan Ho, Partner, Head of Private Enterprise at KPMG in Singapore, said: “The next decade will be a time of intense competition worldwide, as economies open up post-pandemic, and more companies strive to leverage environmental, social and governance (ESG) aspects as a lever for growth. Supporting the ambitions of high potential Singapore companies will take more than just opening doors or providing relief packages for them to expand, though these certainly help.
“At the ecosystem level, industry players should play a part to level up the expertise and standards of these companies through competitive platforms like the E50 awards that provide opportunities for feedback and benchmarking of capabilities at a national level. Such platforms also raise the visibility of these businesses, so that they can be sighted more easily by larger corporates to jointly develop innovations or go to market overseas together, while calling out their strengths to venture capital and other sources of investment.”
Guest speaker Marcus Neo, CEO of Omni-Plus System Limited, a recipient of the 2020 E50 Awards in the Special Recognition Category for Enterprise Transformation shared his business expansion journey towards the firm's initial public offering debut on the Tokyo Stock Exchange last year.
The E50 Awards was launched in 1995 to identify, support, recognise and reward the most outstanding local companies across all sectors. Through the years, the E50 Awards has always been a sought-after stamp of excellence, regarded as a definitive list of the 50 most enterprising, privately-held companies in Singapore.
Applicants for the E50 Awards are evaluated and ranked using both quantitative and qualitative criteria. Quantitative factors include financial performance indicators such as operating profit before tax, turnover and profit growth. Qualitative criteria include management and marketing strategies, such as the applicants’ business model, management ideals and innovation, internationalisation, knowledge initiatives, market branding and presence, risk management and ESG practices.
Entry submissions for the 2022 E50 Awards will close on 30 June 2022 at 5.00pm. Applicants can sign up and find out more about the awards here.
2022 E50 Awards is supported by Enterprise Singapore, the Singapore Business Federation and the Singapore Exchange.
Issued by SPH Media Trust (UEN: 202125108M)