Singapore Technologies Kinetics and United Overseas Bank (UOB) have received the Community Chest's Pinnacle Award for their continued support for the organisation.

It is the highest award given to organisations or individuals who have supported the Community Chest.

The two awards were among a record 422 given out at the Community Chest Awards 2016 at the Istana yesterday by the guest of honour, President Tony Tan Keng Yam, and Mr Phillip Tan, chairman of Community Chest.

ST Kinetics has taken part in the Share programme for more than 20 years, and currently three-quarters of its staff are involved.

Share is the Community Chest's monthly giving programme, which organisations adopt as part of their corporate social responsibility (CSR) initiatives.

In April this year, the Share as One programme was launched, in which the Government would match any increase in annual donations from this financial year, by up to $10,000 annually in grants to companies for CSR activities.

"We are privileged to share and care for those in need, and do our part to give back to society. It is a great honour to receive this award as it is a recognition of our collective effort," said Mr Cheng Tee Yeow, ST Kinetics' senior vice-president of international business and commercial business group.

UOB's contributions to the Community Chest hit the $20 million mark, following a $15 million donation in the last financial year. It also champions a more inclusive workplace by hiring people with disabilities. "For UOB, inclusiveness is core to how we employ people, run our business and support our society," said Ms Nicolette Rappa, its head of group strategic communications and customer advocacy.

There have been 29 winners of the Pinnacle Award since it was first given out in 2003.

Mr Phillip Tan said the Care and Share Movement for SG50 was a catalyst for a record $69 million in donations for the last financial year.