B1G1

Last updated
B1G1, operated by Buy1GIVE1 PTE LTD B1G1 logo, operated by BUY1GIVE1 PTE LTD.png
B1G1, operated by Buy1GIVE1 PTE LTD

B1G1 is the registered trademark and brand of BUY1GIVE1 PTE LTD, [1] [2] [3] a Singapore-based registered business organization, social enterprise and non-profit organization. [4]

Contents

It was registered as a Private Limited Liability company in 2007.

B1G1 operates on a subscription basis with a transaction-based charity giving model designed for small and medium enterprises (SMEs) around the world. It presents itself as an effective way to contribute to charitable organizations. [5] [6] [7] Through B1G1, business members can donate money to B1G1's vetted charity partners, called "B1G1 Worthy Causes".

History

While participating in a business program run by Paul Dunn, Masami Sato and some other entrepreneurs came up with the initial idea based on the concept of 'Buy One Give One' that led to the founding of B1G1.

The co-founders of B1G1 established the headquarters of Buy1GIVE1 PTE LTD in Singapore in 2007. Sato was a founder while Dunn took on the role of Chairman.

Structure

B1G1 is a social enterprise, composed of a for-profit corporation, Buy1GIVE1 LTD, and a registered Society, B1G1 Giving. This structure provides a specific transaction-based giving model to SMEs around the world.

Philosophy

The B1G1 philosophy is based on creating a world where every business transaction simultaneously results in an impact made in the world (through a small donation), hence 'Buy One Give One'.

In contrast with the Corporate Social Responsibility (CSR) adopted by large companies, the B1G1 approach concentrates on building habitual giving while establishing a deeper sense of meaning in everyday business activities.

Membership model

B1G1's members generally consist of small and medium-sized enterprises (SMEs) worldwide. Companies have the option of a monthly or yearly subscription, which provides them with a suite of impact-tracking widgets and access to a vetted network of charity projects to support.

B1G1 depends on this model for financial viability, and 100% of contributions made by B1G1 members are directly passed on to charity partners chosen by the members.

Many members are currently from Australia, United Kingdom, and New Zealand, including companies such as Minimonos, Logistics Bureau, Xero, Headway Recruitment and Thavibu Gallery.

Charity Partners (B1G1 Worthy Causes)

B1G1 Worthy Causes are the NGOs that provide specific charity projects for B1G1 members to support. In October 2020, B1G1's website listed more than 500 projects from around the world. Each project is also tagged with the relevant UN Sustainable Development Goals (SDGs).

In order to qualify as a B1G1 Worthy Cause, each NGO has to meet two-tiered criteria set by the B1G1 GIVING Board and go through a five-step process before being approved. Some charity partners include World Youth International, Child's Dream, and The John Fawcett Foundation.

Media coverage

B1G1 was featured in Forbes Russia online in December 2010, [8] Springwise in March 2012 [9] and August 2010, [10] and Mashable in November 2010. [6] Voice of America wrote in its November 2011 article about the buy-one, give-one model of giving and used B1G1 as a strong example of the new trend of transaction-based giving. [11]

Two of the co-founders Masami Sato and Paul Dunn have been invited to speak at numerous engagements, including TEDxSingapore and TEDxChCh, independently organized TED events. Sato also gave speeches titled "A Habit Worth Sharing" (2010) [12] and "Imagine a More Giving World and Life"(2012) [13] Paul Dunn's speeches in 2010, titled "Wow and Woow"(TEDxChCh) [14] and "[i]nspire"(TEDxSingapore). [15] Masami Sato was described in an article, "One of Earth Angels who is changing the world" by Insight Magazine Australia, October 2011 edition.

Related Research Articles

Enterprise resource planning Corporate task of optimizing the existing resources in a company

Enterprise resource planning (ERP) is the integrated management of main business processes, often in real time and mediated by software and technology. ERP is usually referred to as a category of business management software—typically a suite of integrated applications—that an organization can use to collect, store, manage, and interpret data from many business activities. ERP Systems can be local based or Cloud-based. Cloud-based applications have grown in recent years due to information being readily available from any location with internet access.

Small and medium-sized enterprises (SMEs) or small and medium-sized businesses (SMBs) are businesses whose personnel numbers fall below certain limits. The abbreviation "SME" is used by international organizations such as the World Bank, the European Union, the United Nations and the World Trade Organization (WTO).

Singapore Exchange Investment holding company in Singapore

Singapore Exchange Limited is an investment holding company located in Singapore and provides different services related to securities and derivatives trading and others. SGX is a member of the World Federation of Exchanges and the Asian and Oceanian Stock Exchanges Federation.

New Creation Church Megachurch in Singapore

New Creation Church, or abbreviated as NCC, is a Christian megachurch in Singapore founded in 1984. It holds services at The Star Performing Arts Centre. It is a non-denominational Christian church, and a member of the National Council of Churches of Singapore. It is not affiliated to any church overseas. The senior pastor of the church is Joseph Prince.

Sindicatum Renewable Energy is an Asia-focused renewable energy company headquartered in Singapore. Sindicatum Renewable Energy is a developer, owner and operator of clean energy projects principally in India, Indonesia, Thailand and the Philippines. Sindicatum moved its headquarters from London to Singapore in 2009 to be closer to its assets, most of which are in Asia.

TI-Nspire series Series of graphing calculators

The TI-Nspire is a graphing calculator made by Texas Instruments which was released in July 2007. The original TI-Nspire was developed out of the TI PLT SHH1 prototype calculator, the TI-92 series of calculators released in 1995, and the TI-89 series of calculators released in 1998. The TI-Nspire features a non-QWERTY keyboard and a different key-by-key layout compared to its predecessors. The TI-Nspire allows users to swap out the existing removable keypad with a functional copy of the TI-84 Plus series keypad. The TI-Nspire series I/O has a connector for the TI-Nspire Lab Cradle, another that serves as a connector for TI's wireless network adapter, and a Mini-USB connector for transferring data. The TI-Nspire series is available with and without a computer algebra system.

Cause marketing is marketing done by a for-profit business that seeks to both increase profits and to better society in accordance with corporate social responsibility, such as by including activist messages in advertising.

Jack Sim

Jack Sim is the founder of the Restroom Association of Singapore, the World Toilet Organization, the World Toilet Day initiative and Bottom of the Pyramid (BoP) Hub. Formerly from the construction industry, he decided to devote the rest of his life to social work after attaining financial independence at the age of 40.

J C Sum

J C Sum is a Singaporean hybrid marketer, author, content creator, former illusionist and illusion designer.

IHS Markit Ltd is an information provider with headquarters in London. It was formed in 2016 with the merger of IHS Inc. and Markit Ltd.

Toms Shoes Footwear company based in Los Angeles, California

Toms is a for-profit company based in Los Angeles, California. Founded in 2006 by Blake Mycoskie, an entrepreneur from Arlington, Texas, the company designs and markets shoes as well as eyewear, coffee, apparel and handbags.

Yokomo Radio controlled cars

Yokomo Co. Ltd. is a Japanese company from Adachi, Tokyo that specialize in radio-controlled cars, it was one of the first manufacturers in Japan to build RC cars and it also invented the RTR cars, but most notable of all is their long-running "Dog Fighter" series of radio controlled buggies, mainly through its successes in racing.

Pre-packaged insolvency is a kind of bankruptcy procedure, where a restructure plan is agreed in advance of a company declaring its insolvency. In the United States pre-packs are often used in a Chapter 11 filing. In the United Kingdom, pre-packs have become popular since the Enterprise Act 2002, which has made administration the dominant insolvency procedure. Such arrangements are also available in Canada under the Companies' Creditors Arrangements Act.

Teligent Telecom is a company based in Nynäshamn Sweden, which produces and markets Value Added Services for Telecommunication operators, such as Voicemail, Mobile Office, IN services, IMS Service Brokers and Real-time Charging Gateways. It is a private company with offices in Sweden, Germany, France, Morocco, Malaysia, UK, United States, Philippines and Singapore.

Pay what you want is a pricing strategy where buyers pay their desired amount for a given commodity. This amount can sometimes include zero. A minimum (floor) price may be set, and/or a suggested price may be indicated as guidance for the buyer. The buyer can select an amount higher or lower than the standard price for the commodity. Many common PWYW models set the price prior to a purchase, but some defer price-setting until after the experience of consumption. PWYW is a buyer-centered form of participatory pricing, also referred to as co-pricing.

Experian, Singapore

Experian Credit Services Singapore Pte Ltd . It is a Singapore credit and business information bureau formed in 1978. As of 2007 it was considered the largest provider of credit and business information in Singapore. It was fully acquired in 2008, and now operates as Experian.

Paradise Group Holdings Pte Ltd is a Singapore-based restaurant group incorporated in 2002 by Eldwin Chua, and Edlan Chua. The company's restaurants serve a variety of Chinese cuisine. Their brands include Seafood Paradise, Paradise Inn, Taste Paradise, Paradise Dynasty, KungFu Paradise, Paradise Pavilion, One Paradise and Canton Paradise. In 2015 the company operates restaurants are currently in Singapore and Malaysia, Indonesia and China.

SME One Asia Awards is an event that is organised by The APF Group in Singapore. Currently in its fourth Year, it has a total of 350 nominations and 191 winners, and has at least 1000 attendees for the awards dinner which is held at Marina Bay Sands every year.

The Cocoa Trees is a retail chain store of chocolate and confectionery brands based in Asia. It is a brand of Focus Network Agencies (FNA) Singapore, a former subsidiary of ABR Holdings. The company is the largest distributor and retailer of chocolate and confectionery products in Asia, with more than 70 stores in the Asia-Pacific region. It also operates 12 chocolate and confectionery shops at Singapore Changi Airport. In 2014, FNA secured tenders to operate the departure lounges of Terminal 1 and 3. FNA also supplies and distributes chocolates to supermarkets in Singapore and overseas.

Funding Societies

Funding Societies is Southeast Asia’s largest SME digital financing platform, headquartered in Singapore. It was the first such platform in Singapore to engage an escrow agency to independently and safely manage investors’ funds. In Indonesia it is known as Modalku. The platform crossed S$ 1Bn in loans given out in 2019 making it the largest such platform in the region. To date, it has given out more than S$2.5 billion in financing through 4.8 billion loans across the region.

References

  1. ↑ "BIG1 by BUY1GIVE1 PTE". Australia: Trademarkify. Australian Trademark No. 1325737. Retrieved 8 June 2014. On 5 November 2009 this trademark was filed, on 19 November 2009 this trademark was accepted and on 18 March 2010 this trademark was registered.
  2. ↑ "Trademark Electronic Search System (TESS)". U S P T O Seal [home] United States Patent and Trademark Office. 21 Aug 2010. Retrieved 2012-10-10.
  3. ↑ "B1G1 - Trademark Details". justia.com. Retrieved 10 Oct 2012.
  4. ↑ "Our story - B1G1 Business For Good". B1G1 Business For Good. Retrieved 2018-08-03.
  5. ↑ Coleman, Alison (June 2007). "Your company and its social responsibility". Entrepreneur Country Magazine (UK). Retrieved 2012-10-09.
  6. 1 2 Turner, Amy-Mae. "10 Inspiring "Buy One Give One" Projects". Mashable. Retrieved 2018-08-03.
  7. ↑ Hussain, Amar (2018-02-02). "Want to Emulate Toms Shoes' Charitable Model? Here's How to Get Started". Entrepreneur. Retrieved 2018-08-03.
  8. ↑ Казакова, Анна (9 Dec 2010). "8 онлайн-покупок, которые способны помочь нуждающимся Читайте подробнее на". Forbes Russia. Retrieved 2012-10-09.
  9. ↑ "Giving engine enables 'buy one, give one' generosity". springwise.com. springwise.com. 18 March 2010. Archived from the original on 13 October 2012. Retrieved 2012-10-10.
  10. ↑ "Business card promotes 'buy one, give one' generosity". springwise.com. springwise.com. 10 August 2010. Archived from the original on 13 October 2012. Retrieved 2012-10-10.
  11. ↑ " New Business Model Redefines Giving, Profit", Voice of America (16 November 2011)" New Business Model Redefines Giving, Profit", Voice of America (16 November 2011)
  12. ↑ "TEDxSingapore - Masami Sato - A habit worth sharing". TEDx Singapore. Oct 15, 2012. Retrieved 2012-10-10.
  13. ↑ "TEDxSingapore - Masami Sato - Imagine a more giving world and life". TEDx Singapore. April 3, 2012. Retrieved 2012-10-10.
  14. ↑ "TEDxChCh - Paul Dunn - Wow and Woow". TEDx Christchurch. Oct 2010. Retrieved 2012-10-10.
  15. ↑ "TEDxSingapore - Paul Dunn - [ i ]nspire". TEDx Singapore. 21 Aug 2010. Retrieved 2012-10-10.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.