Port group PSA is going big in its corporate social responsibility drive, inking an agreement to donate $1.5 million to St Luke's ElderCare yesterday.
The group also launched a new corporate social responsibility initiative, which is expected to cost up to $5 million over the next five years.
The $1.5 million will go towards setting up three new facilities: an eldercare centre, a centre of innovation, and a training centre where St Luke's will provide PSA staff with volunteer training and education about eldercare.
PSA also launched an initiative, called PSA Health@Home, in which its staff members will get time off work and transport allowance to volunteer with four groups: St Luke's ElderCare, HCA Hospice Care, National University Health System and Lions Befrienders.
To encourage volunteerism after retirement, PSA staff will receive a small allowance if they commit to volunteering regularly under the initiative after they retire.
This programme is expected to involve up to 500 staff members annually. Volunteers will be trained and may help in activities such as befriending at daycare centres or helping healthcare professionals when visiting patients in their homes.
PSA International group chairman Fock Siew Wah said the initiative can benefit its employees too. "We want our staff to age well... We hope our senior employees can continue to lead purposeful and fulfilling lives after their retirement."