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The Red Packet Recycling Programme is part of PhillipCapital’s sustainability initiatives
SINGAPORE, 25 January 2023 – An estimated 16,300 trees are cut down just to make red packets in Hong Kong every year. In Singapore, tonnes of red packets are discarded after every Chinese New Year. To help celebrate Chinese New Year in a more environmentally friendly way, Phillip Investor Centre (PIC) is partnering with local waste paper recycling leader Tay Paper Recycling to launch a Red Packet Recycling Programme.
Ms Phyllis Goh, Head of PIC, said: “As part of our environmental sustainability initiative, we are offering avenues for anyone to recycle their used or unused red packets. This provides convenience to the public as they can drop by any of our investor centres located in their neighbourhood.”
With this service, those who are keen to recycle their red packets will be able to drop them off in the recycling bins located at all the 10 PIC branches across Singapore (see Annex A). These recycling bins will be accessible during the operating hours of the respective branches.
Tay Paper Recycling has more than 32 years of local experience in the paper recycling industry, offering an end-to-end solution including collection, sorting, pulping and baling. As such, the public and PhillipCapital clients can rest assured that their disposed red packets will be recycled to the highest standard of sustainability with full accountability.
A Tay Paper Recycling spokesperson said: “Instead of letting red packets end up in landfills when discarded in a conventional way, placing them in these proper recycling bins means the red packets will be recycled properly.”
PIC offers PhillipCapital’s clients face-to-face professional assistance to create a customised portfolio with a mix of asset classes to grow wealth. The Red Packet Recycling Programme in 2023 is just one part of PhillipCapital’s ESG initiatives, which demonstrates our commitment to environmental stewardship, in promoting a more sustainable lifestyle to our partners and clients. With this new service, clients can work towards adopting more eco-conscious practices as they seek financial guidance from PhillipCapital’s trusted financial advisory consultants.
Mr Stephen Beng, PhillipCapital’s Head of ESG, said: “Our approach to sustainable investing includes reinforcing investments that contribute to a circular economy in a nature-positive and socially-just way. This initiative helps to strengthen PhillipCapital’s culture of environmental stewardship.”
PhillipCapital is committed to our fiduciary, societal, and environmental responsibilities, in the race to a more sustainable economy. Through the PhillipCapital’s ESG framework, sustainable investing at PCM provides longer-term investment rewards that also benefit people and planet.
About Phillip Securities
A member of PhillipCapital, Phillip Securities Pte Ltd offers a comprehensive suite of financial products and services including broking in securities, futures, foreign exchange, bonds, precious metals and commodities, unit trusts, contracts for difference, exchange-traded funds; fund management, managed accounts, insurance planning, regular savings plan, investment research, equity financing and property consultancy. Institutions can also benefit from our corporate finance and advisory services as well as information technology solutions.
Since its inception as a stockbroker in 1975, PhillipCapital has grown into an integrated Asian financial house with a global presence and offers a full range of quality and innovative services to retail and high-net-worth individuals, family offices, as well as corporate and institutional customers. In 1996, Phillip Securities became the first retail broker to launch POEMS, an online trading platform and changed the way investors trade in Singapore.
Today, PhillipCapital headquartered in Singapore, operates in the financial hubs of 15 countries, including offices in Australia, Cambodia, China (and Hong Kong SAR), India, Indonesia, Japan, Malaysia, Singapore, Spain, Thailand, Turkey, UK, UAE, USA and Vietnam, serving over 1 million clients with Assets Under Management of total more than USD 35 Billion.
Find out more about us here https://www.phillip.com.sg/ and our award-winning trading platforms here https://www.poems.com.sg/.
Annex A: Locations of Phillip Investor Centres
| PIC Branch | Operating Hours | Address |
| Ang Mo Kio | Mon – Fri: 9am – 6pm Sat: 9am – 1pm Sun: Closed | Blk 710A, Ang Mo Kio Ave 8 #01-2631 Singapore 561710 |
| Boon Keng | Mon – Fri: 9am – 6pm Sat: 9am – 1pm Sun: Closed | Blk 102 #01-264 Towner Road Singapore 322102 |
| Bukit Batok | Mon – Fri: 9am – 6pm Sat: 9am – 1pm Sun: Closed | Blk 636, #01-10 Bukit Batok Central Singapore 650636 |
| Holland Drive | Mon – Fri: 9am – 6pm Sat: 9am – 1pm Sun: Closed | Blk 43 #01-47 Holland Drive Singapore 270043 |
| Marine Parade | Mon – Fri: 9am – 6pm Sat: 9am – 1pm Sun: Closed | Blk 80, #01-782 Marine Parade Central Singapore 440080 |
| Jurong West | Mon – Fri: 9am – 6pm Sat: 9am – 1pm Sun: Closed | Blk 501 #01-275 Jurong West Street 51 Singapore 640501 |
| Toa Payoh | Mon – Fri: 9am – 6pm Sat: 9am – 1pm Sun: Closed | Blk 177, #01-132 Toa Payoh Central Singapore 310177 |
| Northpoint City | Mon – Fri: 9am – 6pm Sat: 11am – 6pm Sun: Appointment Only | 930 Yishun Ave 2 #02-168 Northpoint City, South Wing Singapore 769098 |
| Raffles City Tower | Mon – Fri: 9am – 6pm Sat – Sun: Closed | 250 North Bridge Road, #06-00, Raffles City Tower Singapore 179101 |
| Raffles Place | Mon – Fri: 9am – 6pm Sat – Sun: Closed | 1 Raffles Place #03-20 One Raffles Place Singapore 048616 |
For media enquiries, please contact:
Karyn LOW Aidan WOODFORD
Marketing Communications, Senior Consultant,
PhillipCapital Black Dot
e. karynlowpl@phillip.com.sg e. aidan@blackdot.sg
m. 9852 1728 m. 8102 6720
