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Environmental, Social, and Governance
Driving Sustainable Impact through Environmental, Social, and Governance Principles
FOZL Group's Sustainable Development Philosophy: Corporate Social Responsibility (CSR) and Environmental, Social, and Governance (ESG) contribute to the longevity of the enterprise
In the increasingly complex context of the globalized economy, enterprises need to pay attention to the comprehensive impact of Corporate Social Responsibility (CSR) and Environmental, Social, and Governance (ESG) in their international development. FOZL Group, as an international accounting firm, leverages compliant services to empower enterprises in their overseas expansion, assisting them with localized operations, global layout, and brand image building, thus supporting many enterprises in achieving stable and long-term development. At the same time, it practices the concept of "Corporate Social Responsibility and Environmental, Social, and Governance," working hand-in-hand with enterprise clients to jointly embark on international development.
FOZL accompanies you to see the world and create social value. Zhou Fan (PBM, recipient of the Singapore Public Service Medal), Director and Chief Strategy Officer of FOZL Group, believes that, as an enterprise, regardless of its stage of development, it must combine social development with its own development. "Only by bravely shouldering social value can an enterprise achieve longevity."
On May 1, 2024, Zhou Fan represented FOZL Group in participating in the Singapore National Trades Union Congress (NTUC) festival activities.
In 2024, FOZL Group signed a Memorandum of Understanding with NTUC, participating in NTUC's "U SME Project,"
and sponsored the annual NTUC membership fees for all employees at its Singapore headquarters.
Corporate Social Responsibility Promotes FOZL Group's Global Development
Since its establishment in 2011, FOZL Group has consistently adhered to the Corporate Social Responsibility (CSR) and Environmental, Social, and Governance (ESG) development model. Whether it is funding community development projects or collaborating with universities to promote educational development, FOZL Group's Corporate Social Responsibility projects around the globe fully demonstrate the company's sense of responsibility towards society. This has also promoted FOZL Group's global development: the establishment of a subsidiary in Malaysia in 2022; the establishment of a subsidiary in Suzhou, China in 2023; and the establishment of a European (Germany) regional operations center in 2024…
This year, FOZL's Singapore headquarters has actively promoted a healthy lifestyle by participating in Singapore's community building and health projects; FOZL's Malaysian company sponsored the Johor Bahru Cerebral Palsy Association in Malaysia, calling on all sectors of society to do their part in caring for special needs groups; FOZL's Suzhou, China company has partnered with Soochow University to establish scholarships, helping economically disadvantaged but academically excellent students complete their studies…
On August 1, 2024, at Tanjong Pagar MRT station in Singapore, FOZL Group, together with its clients
and partners, sponsored the Singapore MRT (SMRT) Health Station project.
On July 27, 2024, the FOZL Malaysian team participated in the Johor Bahru Cerebral Palsy Association in Malaysia
charity sale and carnival, calling on all sectors of society to pay attention to people with special needs.
On May 8, 2024, FOZL Group and Soochow University School of Business Administration reached a five-year
(2024-2028) strategic cooperation, through the establishment of the "FOZL Scholarship," to support
Soochow University students in their journey to becoming outstanding talents.
In the field of environmental protection, FOZL Group regards sustainable development as an important component of its corporate social responsibility strategy. The company not only focuses on its own environmental practices, such as reducing carbon emissions and optimizing resource utilization, but also promotes environmental protection concepts by collaborating with government agencies, partners, and clients to jointly promote broader environmental projects.
On November 18, 2023, at Tampines Eco Green in Singapore, FOZL Group successfully held a tree-planting event.
FOZL plans to donate 1,000 trees in partnership with its partners, taking concrete action to support Singapore's 2030 Million Trees initiative.
Through these corporate social responsibility projects, FOZL Group has not only enhanced its corporate image but has also strengthened its connections with various markets, helping it better adapt to the business environment in different cultural contexts. In this process, Zhou Fan not only plays a core role in FOZL Group with her business acumen, but she also serves as an advocate and leader in social welfare, continuously promoting the company and employees to participate in social welfare activities, integrating corporate culture with social responsibility, and promoting FOZL Group's international development.
Everyone can personally participate in social welfare
FOZL Group understands the value of social welfare and regards it as a responsibility that enterprises should shoulder. FOZL Group not only provides one-stop enterprise services covering the entire process, chain, and lifecycle, but also actively participates in community service, environmental protection actions, art and culture, and the development of various fields of society related to people with special needs. The growth of an enterprise should be synchronized with the progress of society. This concept is the extension and practice of FOZL's values – "福德根本 智慧正行 霖雨者耕" – in various fields of society.
On November 3, 2022, at the Istana, the then-President of Singapore, Halimah Yacob, presented a certificate to FOZL Group for its support of the Singapore HRPowerbank initiative,
Huang Zelin (left), founder of FOZL Group, received the certificate from the President (center) on behalf of the company. The HRPowerbank initiative mainly assists
local disabled individuals in Singapore through human resource training and job placement to help them integrate into society and build an inclusive and friendly social environment.
FOZL employees are increasingly participating in various social welfare activities.
The picture shows FOZL employees taking senior citizens on a tour of Gardens by the Bay in Singapore on May 27, 2023.
On August 3, 2024, at FOZL headquarters, friends from the Hougang community in Singapore successfully held National Day celebrations.
Nearly 30 FOZL Group employees participated as volunteers in the event.
On August 17, 2024, at a grassroots club in Singapore, FOZL Group, together with Ren Ci Medical Social Service,
the Poh Tiong Hock Hospital, the Hougang Rainbow Dance Troupe, and community friends successfully held a National Day cultural performance for senior citizens.
Nearly 300 senior citizens in Singapore sang the Singapore National Day theme song together to celebrate Singapore's 59th National Day!
There are many ways to participate in social welfare. FOZL Group not only donates funds to support charitable organizations but also invests time and energy in the planning and execution of welfare activities. For example, Zhou Fan, as a "volunteer" for Ren Ci, has contributed from promoting it on social media, organizing employee participation in Ren Ci's senior citizen care trips, to inviting partners to participate in the construction of the Ren Ci charity center, working with Ren Ci to participate in Singapore's Million Trees Movement… FOZL Group consistently strives to integrate social welfare activities into people's daily lives and hearts, bringing happiness and joy to people.
On February 15, 2024, during the Spring Festival, all members of the FOZL Singapore headquarters visited the Ren Ci charity center,
actively participating in Singapore's public welfare and charity activities.
Do good, no matter how small. Improve a little bit every day. Social welfare is not only conducive to the formation of a good social atmosphere, but also an important part of corporate brand building. Under the leadership of Zhou Fan, FOZL Group's social welfare continues to innovate, combining the company's characteristics and advantages to launch a series of influential social responsibility projects. These projects have not only improved FOZL's industry recognition, but more importantly, they demonstrate the company's commitment and determination to contribute to society.
Many people believe that social welfare is only suitable for larger companies. These companies have good revenue and many employees, making them more suitable for social welfare activities. However, this is incorrect. Companies of all sizes and at all stages can engage in social welfare activities and do what they can to contribute to society. Zhou Fan repeatedly stated this view to those around her. She believes that as long as an action contributes to social value and one has the ability, one should do it, rather than wait or hesitate.
Recently, Zhu Shaohui (middle), partner of FOZL Audit Firm, and Zhou Fan participated as volunteers
in a public welfare charity event held by the Singapore Buddhist Lodge, distributing gift bags to participants.
Benefitting society and creating a better future. FOZL Group's global development fully embodies the deep integration of Corporate Social Responsibility (CSR) and Environmental, Social, and Governance (ESG). Through efforts in localization operations, global layout, environmental protection, social responsibility, and governance systems, FOZL Group has successfully established a foundation for long-term development globally. In the future, FOZL Group will continue to use Corporate Social Responsibility (CSR) and Environmental, Social, and Governance (ESG) strategies to build a more sustainable global brand image, promoting the continued growth and stable development of its own business and that of its clients worldwide.
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