As communities thrive, we thrive. Shaped by this belief, we conduct our businesses in a socially responsible manner and commit up to 1% of the Group's annual net profits to worthy social causes.
Across our global operations, we reach out to the underprivileged and needy. In Vietnam, Keppel Land's Water for Life and Words on Wheels programmes help improve the quality of life for the less fortunate. In the Philippines, Keppel Batangas Shipyard provides vocational training for local out-of-school youth to equip them with employment skills and opportunities.
Keppel Care Foundation, a registered charity under Singapore's Charities Act, coordinates and sustains the Group's community contributions to provide assistance to the underprivileged, promote education and encourage eco-friendly initiatives.
Our community efforts are bolstered by a robust culture of volunteerism. In 2014, Keppel Volunteers led regular activities with beneficiaries such as Bright Hill Evergreen Home and our adopted charity, the Association for Persons with Special Needs. Since 2008, Keppel Volunteers has organised blood donation drives held in multiple business units in Singapore to make it easier for Keppelites to donate.
Keppel Corporation sponsors Keppel Nights, a partnership with Esplanade - Theatres on the Bay that cultivates a love for the arts among students from heartland schools by giving them access to world-class performances.
To nurture a new generation of creative and critical thinkers, Keppel Corporation committed $12 million to the National Art Gallery to establish the Keppel Centre for Art Education, slated to open in 2H 2015.
Keppel Corporation was named a Distinguished Patron of the Arts by Singapore's National Arts Council for the seventh consecutive year in 2014.
To strengthen thought leadership on sustainable urban and environmental solutions, Keppel sponsored the World Cities Summit, Singapore International Water Week and CleanEnviro Summit Singapore in 2014.
As Gold Members of Singapore Compact, Keppel Corporation and Keppel Land supported the International Singapore Compact Corporate Social Responsibility Summit 2014 where business leaders, academics and policy makers shared insights on achieving sustainable growth.
To stimulate innovation in urban development that creates vibrant, liveable and sustainable communities, Keppel Corporation extended its sole sponsorship of the Lee Kuan Yew World City Prize with a further commitment of $1.75 million in 2014, bringing our total commitment to $3.5 million. The contribution will sponsor another five cycles of the biennial award from 2020 to 2028.