Who’s Doing Good?

16 September 2019 - 29 September 2019

THE GIVERS

Five heirs from wealthy Asian families focus on the environment. In this Bloomberg article, wealthy Asian heirs and philanthropy experts discuss their efforts, and the challenges they face, in environmental activism and impact investing. Asia is home to three of the five most-polluting countries in the world, but government and philanthropic efforts to combat climate change are lagging behind. However, as wealth is transferred to a younger, more environmentally aware generation, attitudes are starting to change. The efforts and challenges discussed in the article include climate awareness campaigns, green bonds, and ESG investing. 

THE THINKERS

UNICEF and the Islamic Development Bank launch the Global Muslim Philanthropy Fund for Children. The Global Muslim Philanthropy Fund for Children (GMPFC), a joint initiative of UNICEF and the Islamic Development Bank (IsDB), will help enable multiple forms of Muslim philanthropy. The Fund offers a coordinated and structured mechanism through which Muslim giving can be channeled to children and young people. This includes obligatory giving such as Zakat and voluntary giving such as Sadaqah donations and Waqf endowments. This funding will contribute to humanitarian and development programs in the 57 member countries of the Organization of Islamic Cooperation. The Fund aims to raise US$250 million from private and public foundations, Zakat agencies, and individual donors.

THE BUSINESSES

Indian companies are putting purpose before profit. Indian businesses are increasingly tweaking their policies, premises and operations to be more socially and environmentally conscious. Underlying these developments are young customers and employees preferring companies adhering to certain values, as well as a broader shift in capitalist focus from pure profit to a broader more inclusive and purposive business approach. These ideas are not new to Indian business. Former director at Tata Sons underscores this in the article, giving nod to Jamsetji Tata who–over a century ago–emphasized that the community is not just another stakeholder but the very purpose of business. Among the companies implementing new initiatives are Godrej companies, which adopted a gender affirmation policy, and Mahindra group, which reduced the amount of energy used to produce vehicles by 83% in 8 years.

Grab launches social impact program to upskill Southeast Asians. Singapore-based ride-hailing giant Grab announced the launch of its Grab for Good program, an initiative that aims to create more opportunities for Southeast Asians in the digital economy. Through partnerships with governments, companies, educational institutions, and nonprofits, the Grab for Good program sets out to help 5 million micro-entrepreneurs and small businesses digitize their workflows and processes and bring digital inclusion and literacy to 3 million Southeast Asians. Grab group CEO and co-founder Anthony Tan stated, “If the private sector actively creates programs for local communities, technology can be within reach for many, and the learning of new skills can immediately improve the livelihoods for many more people in Southeast Asia.”

Manila Water Foundation named Asia’s Community Care Company of the Year. On September 20th, Manila Water Foundation (MWF), the social development arm of Manila Water, was awarded Asia’s Community Care Company of the Year award in recognition of its work in bringing water access, sanitation and hygiene (WASH) to marginalized communities. MWF’s Integrated WASH programs focus on providing access to clean and potable water to rural and marginalized communities as well as encouraging behavioral changes to improve hygiene and sanitation practices. Asia’s Community Care Company of the Year Award is part of the Asia Corporate Excellence and Sustainability (ACES) award and given to companies leading significant, innovative and inspirational corporate social responsibility (CSR) campaigns. 

THE INNOVATORS

Japan’s US$1.5 trillion pension fund to go all in on green bonds. Green bonds raise money for climate and environmental projects, and they can be issued by private companies, international organizations, and governments. According to the Nikkei Asian Review, “Japan’s Government Pension Investment Fund (GPIF) will begin allocating substantial amounts of money to bonds with an environmental purpose as early as the fiscal year beginning next April.” The GPIF is Japan’s largest public investor by assets, managing ¥159 trillion (US$1.5 trillion). While the GPIF already owns a small amount of green bonds, this move has the potential to influence other institutional investors by deepening the market for these bonds. This move comes amidst the Fund’s new focus on environment, social, and governance (ESG) investing. 

Aavishkaar Group raises US$37 million in fresh financing from Dutch development bank. One of the world’s largest impact investors, Aavishkaar Group currently manages assets of about US$1 billion. The Mumbai-based social capital investor recently raised US$27 million in fresh financing from Dutch development finance institution FMO. According to the chief executive of Aavishkaar Group, a substantial portion of proceeds from this new round will be used to build the groundwork for expanding its operations to Africa and Southeast Asia. FMO said in a statement, “With this investment into the group, we hope to help the Aavishkaar Group reduce the vulnerability of India’s, Southeast Asia’s, and Africa’s low-income population…We will work with Aavishkaar to help them build their own institution so that they can focus on what they do well: building companies, backing entrepreneurs, and unlocking innovative ideas.”

Who’s Doing Good?

2 September 2019 - 15 September 2019

THE GIVERS

US$442 million donated via online platforms in China in 2018. According to a recent report by China Philanthropy Research Institute, Chinese donations to online charity platforms increased nearly 27 percent in 2018 to more than ¥3.17 billion (approximately US$442 million). A total of 20 online platforms attracted donations from 8.46 billion internet users. The report also notes a 34.5 percent increase in the number of registered charitable organizations in China putting the total at 5,620. Guangdong ranks first in the country with 748 charitable organizations, followed by Beijing and Zhejiang.

Donations to earthquake-hit towns in Japan rose sharply in 2018. Through the Japanese government’s furusato nozei (hometown tax donation) system, taxpayers can contribute to their hometowns or other municipalities in return for tax cuts. The Japan Times reports that donations to three earthquake-hit towns in Hokkaido have risen sharply, most notably to Atsuma where they grew 5.4 times from the previous year to over ¥1 billion (approximately US$9 million). The Atsuma Municipal Government intends to channel donations towards reconstruction efforts, among others.

THE NONPROFITS

BRAC, one of the world’s largest charities, charts new path. Founded in 1972, BRAC has grown into one of the world’s largest non-governmental organizations (NGO) with 100,000 full-time staff. According to the The Economist, BRAC lent money to almost 8 million people and educated more than 1 million children across Bangladesh and ten other countries in 2018 alone. NGO Advisor has ranked BRAC as the world’s best charity for the past four years.  However, there are challenges ahead. As Bangladesh’s annual GDP continues to grow and government spending on public services continues to increase, large charities are having to think about where else they can contribute. In response, BRAC is venturing into new directions and shifting to income-generating activities to subsidize its philanthropic activities. The Economist notes that, by charting this new path, BRAC can serve as a model for other charities to follow.  

THE BUSINESSES

Japanese companies lead world in disclosing climate risks. According to the Financial Times, more than 60 Japanese companies threw their support behind the Task Force on Climate-related Financial Disclosures (TCFD) in May, surpassing companies in the US and the UK. Nearly 200 Japanese companies back TCFD measures now. This has been applauded by investors and lenders as a valuable opportunity for obtaining consistent information about companies’ climate risks. The country has also seen a sharp increase in ESG investing. The Global Sustainable Investment Alliance reported that Japan’s ESG investing assets quadrupled from US$474 billion to US$2 trillion from 2016-18. 

China’s Xiamen Airlines vows to support United Nations Sustainable Development Goals. At a recent industry expo, Chairman of Xiamen Airlines (XiamenAir) Zhao Dong confirmed the airline’s commitment to the Sustainable Development Goals (SDGs). In 2017 XiamenAir was the first airline to sign a cooperation agreement with the United Nations  to formally support the SDGs. Since then the airline has adopted a range of measures including providing passengers with sustainable tissues and bamboo cups, and offering digital news services instead of printed newspapers. According to Zhao, XiamenAir has also achieved a 14.8 percent drop in fuel consumption per ton-kilometer, exceeding the global average of fuel efficiency improvement. At the event, the airline committed to continuing its support for sustainable development in the aviation industry. 

Global Reporting Initiative Regional Hub officially opens in Singapore. Global Reporting Initiative (GRI) is an independent international organization that helps businesses, governments, and other organizations understand and communicate their sustainability standards. The organization officially launched its GRI Regional Hub in Singapore earlier this month, adding to six other hubs around the world. The Singapore hub will support ASEAN companies by helping them “identify, manage, and report their most material environmental, social, and governance (ESG) impacts.” The Hub will be headed by Michele Lemmens, a business executive from Tata Consultancy Services.

THE VOLUNTEERS

With the help of 12,000 volunteers, No Food Waste redistributes surplus food to the needy in India. The food-recovery startup, No Food Waste (NFW), was founded in 2014 to redistribute surplus food to the needy in Tamil Nadu. With the support of a network of 12,000 volunteers, NFW now serves an average of 900 people per day. The organization collects surplus food from banquets at social functions, corporate canteens, and hotels. After being notified of a food pick-up, a city-specific NFW coordinator gets their team of volunteers together to collect and distribute the food. Recently, the startup has been working to incorporate more sustainable measures by banning single-use disposable containers and shifting to serving food on plantain leaves. The food-recovery startup has received a number of awards recognizing its work.

THE INNOVATORS

Singapore-based IIX and Korean government agency commit US$1.2 million to accelerate high-impact enterprises in Asia. Impact Investment Exchange (IIX), a global organization that provides funding and support to social enterprises, has announced a new partnership with the Korea International Cooperation Agency (KOICA). IIX and KOICA will jointly contribute US$1.2 million over five years to support 18 social enterprises across South and Southeast Asia. Through its Acceleration and Customized Technical Services (ACTS) program, IIX will select the social enterprises and offer them capacity building and technical assistance to ensure they are investment-ready. The enterprises will also gain access to mentors and over 1,000 accredited investors from around the world. This joint initiative aims to impact the lives of 8 million people.

UNDP and 500 Startups launch accelerator for social enterprises in Indonesia. The United Nations Development Programme (UNDP) and 500 Startups have launched ImpactAim Indonesia, a social accelerator that aims to boost social entrepreneurship in the country. The accelerator will support eight to ten startups that are serving the Sustainable Development Goals (SDGs) through a 10-week program in Jakarta. These startups will receive guidance on impact measurement and gain access to prospective impact investors from around the world. According to the article, ImpactAim hopes to amplify social impact through three main objectives: “growing impact ventures, assessing their contribution to the SDGs, and connecting them to networks and funding opportunities.”

Who’s Doing Good?

27 May 2019 - 9 June 2019

THE GIVERS

Donations by Chinese philanthropists up by 50 percent in 2018. According to the China Philanthropy List, released annually by the China Philanthropy Times, the volume of donations by Chinese philanthropists and enterprises hit a record high of ¥27.63 billion (approximately US$4 billion) in 2018. China Daily reported that this is a 50 percent increase from the previous year. Donations were made by 744 philanthropic enterprises and 274 philanthropists, with donations from individual philanthropists totaling ¥9.53 billion (approximately US$1.4 billion). Although the majority of charitable giving in China comes from private corporations, the country’s philanthropy boom has encouraged more wealthy donors to participate. The recent increase in charitable giving by individual philanthropists has also been highlighted in the Hurun Report’s Hurun China Philanthropy List 2019.

Disney in India makes donation to aid Cyclone Fani relief efforts. Disney in India has donated ₹20 million (approximately US$300,000) to aid Cyclone Fani relief efforts. The money will be donated to Save the Children in India to support disaster response and provide resources for affected communities in the Indian state of Odisha. A Disney India representative said this donation will support families affected by Cyclone Fani by providing them with critical shelter. The country manager of Disney and Star India Sanjay Gupta stated, “Our hearts go out to those affected by this severe cyclonic storm Fani. The families and communities impacted by this devastating calamity need our support as they begin to rebuild.” Disney and Star India had also supported disaster response efforts in August 2018, aiding those affected by the Kerala floods.

THE THINKERS

Philanthropy in Singapore goes mainstream. Singapore is one of the top givers among its regional counterparts, and The Business Times article highlights the transformation of the country’s philanthropy landscape over the past few years. Citing CAPS’ Doing Good Index 2018, the article underscores Singapore’s position in the “Doing Well” cluster, leading in the index alongside Japan and Taiwan. Singapore’s favorable tax deduction policies and relatively simple registration process are among several factors which have helped boost the country’s performance in the index. But in the face of persistent social and environmental challenges, philanthropy needs to take a more solutions-focused approach to giving. While the upward trend is promising, philanthropy in Singapore still has room to improve.

Harvard course helps next-generation philanthropists do good. A course titled, “Impact Investing for the Next Generation,” convenes heirs to some of the world’s greatest family fortunes. The course, run jointly by Harvard and the University of Zurich in collaboration with the World Economic Forum, has been equipping next-generation philanthropists to be more impactful since 2015. For some of Asia’s wealthiest millennials, inculcating a culture of impact investing is a formidable challenge. Despite holding one-third of global wealth, Asia only contributes a small portion of its total wealth to impact investing. However, notable alumni, such as Hyundai heir Kyungsun Chung who co-founded Root Impact, have worked to promote a culture of impact investing in Asia since taking the course.

THE NONPROFITS

Myanmar nonprofit to give 10,000 bikes to students in need. Following the collapse of bike-sharing companies ofo and oBike in Singapore and Malaysia, many bikes have been left unused in scrapyards or warehouses. Lesswalk, a Myanmar nonprofit, bought 10,000 bikes from the failed bike-sharing companies to give to students in need. The total cost of buying, shipping, and refurbishing the bikes is between US$350,000 and US$400,000, but half is expected to be paid by sponsors. More than 3,000 bikes have already been shipped to Myanmar to be given to students, and the rest is expected to arrive by the end of June. Lesswalk founder Mike Than Tun Win stated, “This movement is not about buying a new bicycle, which is actually a very straightforward process. It solves a waste problem and gets new bikes for needy children at a cheaper price.”

THE BUSINESSES

Singapore’s Temasek sets up Asia-focused private equity fund for impact investing. Temasek Holdings, a Singaporean investment company, has established ABC World Asia under its philanthropic arm Temasek Trust. Headquartered in Singapore, ABC World Asia is a private equity fund dedicated to impact investing, primarily in South Asia, South-east Asia, and China. Chief executive officer of ABC World Asia David Heng highlighted the opportunities for impact investing in Asia, where the industry is still nascent. Heng stated, “The complex social and environmental challenges in our region present the potential for investors to achieve substantial impact.” The new impact investment fund will allow Temasek Trust to move beyond traditional grant-making to fulfill its mission of “ensuring sustainable funding for the long-term well-being and security of communities.”

Korea’s Hyundai Oilbank promotes culture of philanthropy. Korean petroleum and refinery company Hyundai Oilbank is aiming to promote a philanthropic culture among its staff. Through its 1% Nanum Foundation, more than 95 percent of the firm’s employees donate a portion or one percent of their monthly salary to charitable work. The foundation had raised about ₩11.2 billion (approximately US$9.5 million) in the last seven years to support its expanding number of charitable projects. One of the noteworthy projects, the “1% Nanum Lunch Room,” equips senior welfare centers across Korea with an annual meal plan of ₩50 million (approximately US$45,000). Other initiatives include providing heating oil for low-income families during the winter season and building schools and libraries in Vietnam and Nepal.

The Ritz-Carlton staff and guests raise funds for children with cleft conditions. International hotel chain The Ritz-Carlton raised close to US$450,000 for charities under the Smile Asia alliance. In May, over 10,000 staff and guests of The Ritz-Carlton hotels and resorts across Asia Pacific participated in the sales of over 14,600 cakes. The money raised will go to Smile Asia–a global alliance of independent charities working across Asia–which deploys medical volunteers to provide corrective and reconstructive surgeries for children living in remote areas. This annual fundraising initiative is part of the Smile Asia Week started by The Ritz-Carlton in 2014, and it has garnered great support over the years. In addition to this initiative, staff from the hotel chain can volunteer in medical missions across Asia Pacific.

THE INNOVATORS

China’s new model of blockchain-driven philanthropy. Stanford Social Innovation Review covers the rise of blockchain-driven philanthropy in China, and its role in ensuring transparency and accountability in the social sector. Blockchain enables donors to monitor the entire movement of their money and the platform, monitored by the public, ensures a trustworthy framework. Pioneers in blockchain-driven philanthropy in China include the charity platform of Alibaba’s fintech arm, Ant Love. Since adopting blockchain technology in March 2017, Ant Love has enabled 190 million Chinese individuals to donate US$50.5 million to 799 blockchain-supported projects. The decentralized, autonomous platform is breaking ground in the philanthropic sector as it encourages collaboration and employs community resources to address social challenges. While more oversight is still needed to monitor the people involved and the data that are recorded to the platform, China’s blockchain-driven philanthropy has significantly helped expand the sector’s role in Chinese society.

Indonesia leads by mainstreaming the SDGs in country’s development agenda. Indonesia’s integration of the Sustainable Development Goals (SDGs) into national policies offers lessons for the rest of Asia. The Indonesian government has showcased its commitment to the SDGs by linking them to midterm national plans, aligning national budgets and tax policies with crucial SDGs. Indonesia recently implemented two financial programs in efforts to bridge the gap in financing the SDGs: SDG Indonesia One and Islamic Finance. Employing these two finance programs will help diversify funding sources by tapping into an array of investors. Additionally, the Indonesian government also recognizes the importance of decentralizing the implementation of SDGs across all levels of government and collaborating with key stakeholders to achieve the SDGs by 2030.

Who’s Doing Good?

15 April 2019 - 28 April 2019

THE GIVERS

Next-generation Asian philanthropists take an innovative approach to family foundations. Out of 146 countries and territories studied for the Charities Aid Foundation’s World Giving Index 2018, Hong Kong ranked 18th for charitable donations. Hong Kong family charities and foundations have long been generous givers, and the next generation is becoming more engaged and strategic in family giving. Cynthia D’Anjou-Brown, head of philanthropy and family governance advisory services at HSBC Private Banking, states, “Most younger donors don’t want to be seen as a money machine. They want to bring their skills and abilities to the table.” These second- and third-generation philanthropists are moving their family foundations beyond check-writing and underscoring a larger trend of a growing formalization of philanthropy in Hong Kong.

China increasingly a nation of givers through online and mobile platforms. Chinese philanthropy has grown and evolved significantly over the past decade, exemplified by the total amount of domestic giving quadrupling from 2009 to 2017. While a total of US$3.3 billion in public donations have been made by China’s top 100 philanthropists, ordinary individuals have become vital contributors through the expansion of digital payment platforms and artificial intelligence. Through popular online and mobile payment platforms like Alipay, users have easy access to various philanthropic activities including donating second-hand items, donating blood, and planting trees. With this expansion, it is critical that online and mobile platforms improve supervising mechanisms and enhance cross-platform collaboration to strengthen, manage, and prevent crises that could damage public trust in the charitable sector.

THE THINKERS

New report highlights Asia’s growing interest and momentum in sustainable finance. Although Asia historically lags behind global counterparts in social investment, innovations are emerging throughout the region. The past decade has seen more institutional investors broaden their portfolios, governments establish social investment funds and enact supportive legislation, and corporations engage in impact investing and social enterprise mentoring. This momentum is driven by recent developments such as the growth of the green bond market, the issuance of green sukuks, and the support of ESG funds by governments across the region. While Asian businesses, governments, and investors are becoming increasingly sophisticated in their impact initiatives, they must collaborate to address multidimensional challenges and to catch up with more developed markets such as the United States and Europe.

THE NONPROFITS

Hong Kong nonprofits building transitional homes to be exempted land charges. In an effort to lessen the financial burden on nonprofits and to encourage more community-initiated transitional housing projects, the Hong Kong government recently announced that charities that build transitional homes on private plots will be exempted from paying hefty land charges. According to the government statement, HK$2 billion (US$225 million) is also being set aside to support nonprofits in building transitional housing, and concessions will be given for other sites suitable for building transitional homes, such as vacant government sites and disused government premises. In Hong Kong, where the wait for public rental housing can be up to five-and-a-half years, transitional homes play a critical role in providing temporary relief for people stuck in poor living conditions.

THE BUSINESSES

Aloke and Suchitra Lohia speak with CAPS’ Chief Executive, Ruth Shapiro, on the launch of their IVL Foundation. Aloke Lohia, founder and CEO of Indorama Ventures (IVL), transformed a modest family business into a multi-billion-dollar international corporation. In addition to being one of the world’s largest manufacturers of wool, yarn, and polyester, Indorama is also one of the world’s largest recyclers of plastic and leverages its global operations to promote the circular economy. In conversation with Ruth Shapiro for Hong Kong Tatler, Bangkok-based tycoons Aloke and Suchitra Lohia discuss the company’s initiatives supporting education, economic development, women’s empowerment, healthcare, and social enterprises. Through the IVL Foundation, the couple aims to further create meaningful change through strategic philanthropy that amplifies impact and spreads value throughout the company and the communities they work with.

Japan-based Kao Corporation announces new global ESG strategy. Kao Corporation, whose brand portfolio includes Bioré, Goldwell, Jergens, John Frieda, and Molton Brown, recently announced its new global ESG strategy to promote a more sustainable way of living. The corporation’s “Kirei Lifestyle Plan” has set three bold commitments supported by 19 detailed leadership actions for the business to deliver by 2030. Kao aims to build upon the success of past initiatives, such as the adoption of refills and replacement packaging and the development of more compacted formulas, which together reduced the company’s plastic use in its packaging by 93,100 tons in 2018. For five years running, Kao has been selected for inclusion in the Dow Jones Sustainability World Index.

THE INNOVATORS

Jakarta-based investors weigh in on the difference between impact investors and traditional VCs. While tech-focused startups have the potential to create jobs and improve social welfare, there is debate on whether venture funds that invest in these startups should be labeled as social impact funds. There is difficulty in demarcating the boundaries of impact investors and VCs, but some practitioners encourage impact investors to differentiate themselves by justifying why they use that label, providing advice on measuring and monitoring impact, and investing where other people are not to close funding gaps. David Soukhasing, managing director at ANGIN, Tanisha Banaszczyk, investment manager at Convergence Ventures, and Melisa Irene, partner at East Ventures, weigh in on key characteristics that distinguish impact funds from their VC counterparts.

THE VOLUNTEERS

Healthcare workers, caregivers, and volunteers awarded for their work in Singapore. At the 16th Healthcare Humanity Awards organized by The Courage Fund, 83 people were recognized for their work in taking care of the sick and elderly in Singapore. One of the four categories recognizes volunteers who provide care or commit personal time to helping the nominating healthcare, social, and community care organizations. From fundraising by running ultra marathons to helping sailors with physical disabilities, the work of local volunteers was celebrated at the ceremony, and medals and cash awards were given by Singapore’s President Halimah Yacob and Health Minister Gan Kim Yong.

THE TRUSTBREAKERS

Former mosque chairman jailed for siphoning SG$371,000 in donations. A former chairman of a mosque management board in Singapore was sentenced to jail for two years and three months for siphoning around SG$371,000 (approximately US$300,000) from donations over seven years. While delivering the sentence, District Judge Ong Chin Rhu highlighted that the use of the money was perhaps the most controversial aspect, as the former chairman had used some of the donations to pay off personal expenses and donated other large sums to charities for which he worked for and drew a monthly salary from. The judge underscored the detriment of any crime involving the misuse of charity funds and its consequent of public distrust in the charity sector as a whole.

Who’s Doing Good?

18 March 2019 - 24 March 2019

THE GIVERS

Bill Gates lauds Azim Premji for commitment to philanthropy. This past weekend, Bill Gates took to Twitter to acknowledge Wipro chairman Azim Premji and his most recent bequest of 34% of Wipro’s shares, worth about US$7.5 billion, to the Azim Premji Foundation. With this new charitable contribution, Premji has now donated a total of US$21 billion over the past several years to his philanthropic initiatives, making him one of the world’s top philanthropists. Since 2014, the Azim Premji Foundation has supported over 150 organizations engaged in improving the lives of disadvantaged, under-served, and marginalized communities in India. Gates tweeted, “I’m inspired by Azim Premji’s continued commitment to philanthropy. His latest contribution will make a tremendous impact.”

China’s new billionaire class gives rise to philanthropy boom. The 2019 report from the China Philanthropy program at the Ash Center for Democratic Governance and Innovation highlights driving forces that have fueled China’s philanthropy boom, including the country’s recent economic growth and laws and regulations that gradually legitimized and incentivized private giving. While the largest percentage of Chinese donors comes from the real estate sector, the report also highlights prominent Chinese philanthropists, including China’s richest man, Jack Ma, who recently announced he was retiring from his company to focus on education philanthropy. Beyond the givers, China’s maturing philanthropy scene has also spurred the growth of new philanthropic infrastructure, buttressed by intermediary organizations that gather data, facilitate peer learning, and train donors to be more strategic in their giving.

THE THINKERS

Southeast Asian business leaders must step up and invest in development efforts. While economists forecast Indonesia to become the world’s fourth-largest economy by 2050, the country still faces development and public health challenges, such as a high burden of tuberculosis. Dato’ Sri Dr. Tahir, chairman of Mayapada Group and founder of the Tahir Foundation, calls on private sector leaders to recognize their critical role in public health and development in emerging economies in Southeast Asia. While the efforts of a partnership between the Tahir Foundation, the Bill & Melinda Gates Foundation, and the Global Fund to Fight AIDS, Tuberculosis and Malaria and government public health services have helped Indonesia achieve a 44% decrease in TB mortality rates and 14% decrease in TB incidence rates from 2000 to 2017, the private sector can propel these efforts with financial support to expand access for all Indonesians to benefit from these resources and services.

Program trains rural women in India to raise healthier goats and gain financial independence. Extensive research shows that when women have control over finances, they are more likely to spend it in ways that improve the quality of life for their family. In rural India, goat rearing is an important source of income, managed almost exclusively by women, and the money from which is kept in their hands. Project Mesha, which is run by the Aga Khan Foundation and supported by the Bill & Melinda Gates Foundation, trains more than 200 women to be “pashu sakhis” in four communities in Bihar – one of the poorest states in India and home to one of the country’s largest population of goats. By learning how to vaccinate, deworm, and provide other preventative care to goats in their community, women can increase their income by charging small fees for their veterinary services, promoting goat care in their communities, and reducing the loss of income due to the high mortality rate of goats. Through working with local women’s groups, the program aims to increase incomes for 50,000 of India’s poorest women by 30%.

THE NONPROFITS

Hong Kong NGO Leadership Programme nurtures social service network for the future. The nine-month NGO leadership program is a tripartite collaboration between The Chinese University of Hong Kong’s Department of Social Work, UBS, and Operation Santa Claus, one of the largest charitable donation drives in Hong Kong. The program aims to encourage more volunteering, nurture leaders in the social sector, and build a lasting network that will help with collaborative problem solving of social challenges in the future. The winning participant of each year’s program becomes a beneficiary of Operation Santa Claus, and past winners have been granted more than US$102,000 to invest in their service. Last year’s winner was Kenneth Choi Man-kin, the general manager of social enterprise Gingko House. Since its founding in 2015, the leadership program has trained 103 participants from 87 organizations and has helped kickstart numerous social service projects.

THE BUSINESSES

Global Wholesaler METRO to join forces with One Drop Foundation to provide safe water access and sanitation in India. On World Water Day, March 22, international wholesale and food specialist METRO launched the METRO Water Initiative in partnership with the One Drop Foundation. The joint initiative will collaborate with an array of actors on the ground including local governments, civil society organizations, and microfinancing institutions to provide permanent access to sustainable and safe water and sanitation to more than a quarter of a million people in India. The initiative will focus on supporting the northern District of Sheohar, in Bihar, India where nearly half of the region lacks safe water coverage. This project highlights the importance of collaboration as emphasized by Heiko Hutmacher, Chief Human Resources Officer and Member of the Management Board of METRO AG responsible for Sustainability, “By partnering for a common goal, we have the power to change the lives of more than a quarter of a million people for the better.”

Chairperson and CEO of Emperor Watch and Jewellery, Cindy Yeung, talks about the company’s charitable causes.  At the helm of the family business — one of Hong Kong’s most prestigious retailers — Cindy Yeung follows in the footsteps of her father and grandfather by giving back to the community through charitable initiatives with the company. In a recent interview, part of Hong Kong Tatler’s ‘The Next Step’ series that highlights Hong Kong-based philanthropic women, Yeung shares about her early inspiration from her father, Dr. Albert Yeung. Galvanized by his philanthropic work of founding the Emperor Foundation and the Albert Yeung Sau Sing Charity Foundation, she spearheaded new partnerships with charities including Plan International, Chi Heng Foundation, and Project We Can. In efforts to strengthen the company’s commitment to improving the education and health conditions of underprivileged children around the world Yeung also encourages staff to actively participate in their own way.

THE INNOVATORS

How socially responsible investing can help end modern slavery. While socially responsible investing has gained momentum around the world, the practice has focused more on environmental and governance issues, partly due to extensive data and indicators within these two streams. Unlike environmental metrics that have been developed to track global warming and deforestation, social impact metrics are still amorphous and underdeveloped. In the case of modern slavery, the market lacks a standardized set of quantifiable indicators that companies can use as a reporting standard and that asset managers can base their investments on. The development of more robust metrics to track social issues like modern slavery will be pertinent in paving the way for investors to have a more tangible impact, especially in Asia and the Pacific region where 62% of the estimated 40 million victims of modern slavery live.

Impact Investment Exchange (IIX) celebrates its 10-year anniversary with inaugural art competition and exhibition. Singapore-based Impact Investment Exchange, a pioneer in impact investing that focuses on empowering women, is celebrating its 10-year anniversary with its inaugural She Is More Youth Art Competition. The competition, which is headed by the organization’s IIX Foundation, aims to harness the power of art to give voice to women, and it will culminate in an exhibition set to open in May. Durreen Shahnaz, founder and CEO of IIX, highlighted that the event aligns with her vision for IIX, which is to provide “a chance for us to change the narrative of women as victims, to recognize them as solution-builders; to drive women’s empowerment by building opportunities for everyone to value and give voice to women.”

THE VOLUNTEERS

Young volunteers in India are on a mission to feed the poor. Robin Hood Army, a group of more than 270 young volunteers who are largely students and young working professionals, has been collecting surplus food from hotels, restaurants, and wedding halls to feed the hungry. Modeled on the Re-Food program in Portugal, which fights hunger at no-cost, the organization began working in Delhi, India in 2014 as a zero-funds organization – operating with no revenue, office space, or employees. To ensure food is reaching the communities most in need, the Robin Hood Army volunteers conduct location surveys to gauge the need for food, collecting data on the number of family members, the number of children in each family, and the family’s source of livelihood. From last September till now, the group of volunteers has conducted 154 food drives and has fed nearly 30,000 people.

Who’s Doing Good?

04 February 2019 - 10 February 2019

THE GIVERS

Mukesh Ambani tops Hurun India Philanthropy List 2018. From October 2017 to September 2018, Ambani and his family donated Rs 437 crore (approximately US$61.4 million). Reliance Industries’ chairman was followed by Piramal Group’s chairman, Ajay Piramal, whose son recently married Ambani’s daughter. Piramal donated Rs 200 crore (approximately US$28.1 million) during the same period, in addition to giving Rs 71 crore (approximately US$10 million) for Kerela flood relief. Other notable philanthropists on this year’s list include the Premji, Godrej, and Nadar families.

Prince Charles unveils US$100 million fund for women empowerment in South Asia. The proposed fund, led by the British Asian Trust (BAT), will channel bond investors’ money to give half a million women and girls access to better education, jobs, and entrepreneurial opportunities over the next five years. The BAT will seek funding from the charity units of big banks for the initial risk investments and from national governments and other big donors for underwriting the final payment. Announcing the initiative, Prince Charles, called it the BAT’s “most ambitious venture to date.”

THE THINKERS

The Foundation Center and GuideStar merge to create Candid, a mega data portal. Two leading nonprofit and philanthropic intermediaries merge to create a data portal with a worldwide reach, combining years of research and experience in the social sector. The merge has been a decade in the making with top funders including the Bill & Melinda Gates Foundation, the William and Flora Hewlett Foundation, the Charles Stewart Mott Foundation, the Lodestar Foundation, and Fidelity Charitable Trustees’ Initiative. Brad Smith, president of the Foundation Center, will be president of Candid., and Jacob Herald, president of GuideStar, will serve as executive vice president. Operating with a budget of approximately US$38 million, Candid. will leverage both organizations’ complementary missions, datasets, and networks to be at the forefront of information-sharing in the nonprofit sector.

Rohini Nilekani and Vidya Shah call for more philanthropic giving at The Economic Times Women’s Forum 2019. According to a recent Oxfam report, Indian billionaires have added Rs 2,200 crore (approximately US$307 million) per day to their wealth, however in the “commitment to reducing inequality index,” India ranked 147 out of 157 countries. Rohini Nilekani and Vidya Shah, two leading female entrepreneurs and philanthropists, brought light to these numbers at The Economic Times Women’s Forum 2019, and they advocated for more giving to causes such as healthcare, education, and social protection. In accord, they encouraged greater engagement in philanthropy, calling on community members to devote more time and money to causes that address the country’s glaring inequality.

How nonprofits can help donor-advised fund philanthropists listen and learn. The use of donor-advised funds (DAF) has increased in popularity over the years as philanthropists seek greater impact through more organized and thoughtful forms of giving. As DAF donors work to enhance their giving portfolios, they should listen to feedback from the communities and individuals they seek to help. This enhanced communication between donors, intermediaries, and communities is an emerging trend in philanthropy, and DAF donors are poised to advance the practice of listening. The article highlights new approaches such as test-and-learn gifts, volunteering, survey and focus groups, and expert consultation.

THE NONPROFITS

Five Hong Kong charities that save the environment. Hong Kong Tatler highlighted five nonprofits for their work in environmental protection: Clean Air Network, EcoDrive Hong Kong, Ocean Recovery Alliance, Project C: Change, and The Nature Conservancy. As Hong Kong faces air quality and waste management challenges, awareness, education, and policy change will be pertinent in mitigating deleterious effects on the environment. Together, these nonprofits are raising awareness, connecting key stakeholders, and building more sustainable solutions for the future.

Nonprofits join in a campaign to reduce financial support for forest-risk businesses. According to new data released by the Forests and Finance campaign by the nonprofit Rainforest Action Network (RAN), Chinese, Japanese, Indonesian, and Malaysian banks were the biggest funders of forest-risk activities and the least likely to have internal policies restricting environmental damage. RAN is joining forces with two nonprofits, TuK Indonesia and Profundo, to campaign for less financial support for forest-risk businesses including unsustainable palm oil, pulp and paper, rubber, and timber developments, thereby reducing their negative impacts on the environment.

THE BUSINESSES

Marriot, the world’s largest hotel operator, partners with Generation Water to offer a sustainable alternative to plastic water bottles. According to the nonprofit Ocean Conservancy, as much as 60% of the plastic found in the ocean comes from five Asian countries including Thailand. The growing tourism industry in Thailand is taking a detrimental toll on the environment, and industry leaders are recognizing their need to take responsibility. Marriot International’s director of operations for Thailand, Vietnam, Cambodia, and Myanmar stated that the company understands its greater obligation and responsibility as its global footprint grows, and the hotel operator has partnered with the startup, Generation Water, to implement water plants that collect 4,000 liters of water a day from vapor condensation. Marriot has now been producing its own water for four months—reducing its number of used plastic bottles by more than 100,000 plastic bottles—and plans to expand water plants to all Marriot resorts in southern Thailand.

THE INNOVATORS

Venture fund, Quest Ventures, helps social organizations create and scale impact. A recent report by the Global Impact Investing Network has highlighted the significant growth of Southeast Asia’s impact investing ecosystem over the past decade, with US$904 million invested in the region by private impact investors. The venture fund firm, Quest Ventures, is joining other impact investors through its new impact fund to support startups addressing real-world problems. In the upcoming year, Quest Ventures plans to roll out their new fund and invest in 60 companies, 50 of them being social enterprises, in Southeast Asia to help entrepreneurs create and scale social impact in their communities. In addition to capital, the firm aims to support founders through their networks and mentorship services.

THE VOLUNTEERS

Number of volunteers in China hits hundreds of millions. According to the Ministry of Civil Affairs, more than 100 million Chinese have registered as volunteers by the end of 2018. Specifically, approximately 12,000 volunteering organizations were registered by the end of 2018, collectively providing more than 1.2 billion hours of community service. A statement from the China Volunteer Service Federation said that more efforts will be made to encourage volunteers’ participation in public service and social governance, as well as improving the quality of their service.

Who’s Doing Good?

7 January 2019 - 13 January 2019

THE GIVERS

Need for innovation and imagination more pressing as India’s social sector matures, says philanthropist Rohini Nilekani. Recent developments in the Indian philanthropic ecosystem are cause for excitement, according to Indian philanthropist Rohini Nilekani. She mentions the India Leaders for Social Sector as a vital ecosystem enabler, training citizens to serve as future leaders in the social sector. However, a trust deficit between donors and civil society is yet to be alleviated—philanthropists are often unsure about the impact that their contributions will create. Despite this uncertainty, Rohini claims philanthropists are in the best position to embrace innovation. Unlike the government, the wealthy can afford to take risks, contributing to areas such as climate change.

THE THINKERS

International conference recognizes the role of social workers in Indonesia’s health sector. Titled the “International Conference on Social Work in Health and Mental Health,” the conference is the brainchild of Dr. Adi Fahruddin, a social welfare professor at Muhammadiyah Jakarta University’s School of Social and Political Sciences. Fahruddin opines social workers are rarely credited for their work in the health sector despite heavy involvement. Social workers are also notable for their diverse perspectives and tools which they acquire in training alongside other professionals. Apart from crediting them for their work, the conference explored the potential of social workers in building the future of health management in Indonesia. 

THE NONPROFITS 

Indian nonprofit to light up the 400th village with solar power. Chirag Rural Development Foundation is set to light up its 400th village in India with solar power. Founded in 2010 by Professor Prathiba Pai, the Indian charity has so far introduced solar lamps in 16,000 homes, covering 100,000 people across seven states in India. “We used solar power for lighting up homes, street lighting, and now have solar-powered lift irrigation to water the fields for farming also, “said Pai. Chirag also involves the youth in this cause. “We take our college students on field trips to these villages to sensitize them about the scenario in rural India,” she said. By 2020, the organization wants to light up 15,000 more homes in the country, taking their total to 30,000 homes and impacting 200,000 lives. 

THE BUSINESSES

SingPost launches a home-visiting initiative for the elderly. National postal operator SingPost has commenced its Postman Home Visits initiative, in which postal carriers volunteer to check in with elderly customers while making their delivery rounds. Following the success of the pilot program last year, SingPost will gradually roll out the initiative to all districts across Singapore. During their visits, the volunteers make simple observations about the elderly under their charge and fill in a checklist for the relevant social service agency overseeing the area, updating on the elderly’s mental and physical well-being. Woo Keng Leong, SingPost’s CEO, said, “Postal workers have been a ubiquitous part of the community for more than a century. The Postman Home Visits initiative is a natural extension of their service to the community, as it offers kind-hearted staff the opportunity to do good during the course of their work.”

Kirin restructures donation policy after Amnesty report. Between September and October 2018, Kirin’s subsidiary, Myanmar Brewery, made three donations totaling US$30,000 for humanitarian purposes, which an Amnesty International report suggested were actually given to the Myanmar military linked to war crimes in Rakhine State. In response, Japanese brewer Kirin has tightened its donation policy and will facilitate a human rights impact assessment on its operations. The firm’s plan includes suspending donations made Myanmar Brewery, tightening its donation policy, holding regular internal audits to ensure the new policy is being followed, and conducting a human rights impact assessment on its operations by an external independent consultant.

THE INNOVATORS

New online shopping mall to donate up to 40% of each sale to social projects. The Korea National Council on Social Welfare and Vastan Co., Ltd. developed a new online shopping mall to connect “good consumers” and “good suppliers” and to make social contributions. Known as the Value Creator Platform (VCP), the online shopping platform allows customers to select various social projects at the time of purchasing a product, whose supplier will donate 20-40% of each sale to the designated project. All donations collected will be used for charitable projects dedicated to helping children, teenagers, persons with disabilities, multicultural families, and other vulnerable groups. Seo Sang-mok, president of the Korea National Council on Social Welfare, said, “ VCP is at the center of innovation that could generate new values at the dawn of the Fourth Industrial Revolution, where consumption means social contribution.”

Creative public donation machines arrive in Taiwan’s Hualien. Ten interactive public donation machines, which are each designed in the shapes of different popular dolls, were jointly launched by four charitable organizations and 7-Eleven for the benefit of poor and lonely senior citizens in Taiwan. Inserting coins or bills into the slots of the machines initiates an arm-wrestling match with the machines, and if defeated, the machines award a special “sticky monster” card. Since December 2018, the ten machines have toured Taipei, Taichung, Chiayi, and Kaohsiung, having attracted more than 50,000 people to contribute.

THE TRUSTBREAKERS

Korean animal rights charity caught secretly exterminating hundreds of rescued dogs. Coexistence of Animal Rights on Earth (CARE), a leading animal rights group in Korea with some 23,000 members and around ₩2 billion (approximately US$1.8 million) in annual donations, was leaked to have killed 230 rescued dogs—despite a declared no-kill policy—because of a shortage of shelter space and to ensure a continued stream of donations. This figure was equivalent to around a quarter of the animals the group rescued in the same period. Only 10% of the 230 dogs were suffering from incurable illnesses, and most were killed due to their large size. On the other hand, the organization’s head, Park So-yeon, refuted that a “small number” of exterminations had been “inevitable” since 2015 due to a “surge in requests for rescue missions” and that only severely aggressive ones or those with incurable illnesses were killed. Staff members of CARE, who originally leaked the story to a local news outlet, mounted a protest in the organization’s offices on the weekend to demand Park’s resignation.

Who’s Doing Good?

17 December 2018 - 23 December 2018

THE GIVERS

Hong Kong Tatler profiles Li Ka-shing, one of Asia’s most influential businessmen and philanthropists. Born in 1928 in Chaozhou, Guangdong, Li Ka-shing rose from humble beginnings, sweeping floors in factories and caring for his ailing father after his family migrated to Hong Kong. His business acumen led to a successful plastic flower manufacturing business and, eventually, a real estate empire. In May 2018 the former chairman of CK Hutchison Holdings retired after 68 years in business, and pledged a third of his wealth to philanthropic projects. Despite his vast net worth, Hong Kong’s richest man is popular for maintaining a humble outlook and engaging in philanthropy. The Li Ka Shing Foundation is considered second in influence only to the Bill & Melinda Gates Foundation, with contributions totaling HK$20 billion (approximately US$2.5 billion) in a range of areas including education and social development.

THE THINKERS

Indian companies rally to support Arianna Huffington’s mental health initiative, Thrive. During a recent trip to India, the acclaimed businesswoman and author won the support of several Indian companies as well as the Indian chapters of American Express and Microsoft. These companies are now finalizing a partnership with Huffington’s productivity and well-being platform, Thrive Global, through which they will receive coaching on creating a positive work culture for employee well-being. Thrive Global centers efforts on alleviating stress and burnout, which it sees as a modern epidemic. Arianna Huffington is recognized as a strong advocate for addressing this issue. Her 2014 book, “Thrive: The Third Metric to Redefining Success and Creating a Life of Well-Being, Wisdom, and Wonder”, was a New York Times bestseller.

THE NONPROFITS

Rockefeller Foundation vows to encourage collaborative problem solving in Asia. Deepali Khanna, Managing Director of the foundation’s Asia office, says that collaboration as a means of generating impact will underscore their work in the region for the next few years. A collective mandate for all stakeholders, from philanthropists to corporations to governments, can help streamline deliverables as well as align impact measurement. The Foundation’s Smart Power for Rural Development initiative, worth US$75 million, has helped bring together seven energy companies as well as local and national governments to expand grid systems in a cost effective and decentralized manner.

THE BUSINESSES

Operation Santa Claus raises HK$7.6 million (approximately US$980,000) in Hong Kong. Morgan Stanley, Toys ‘R’ Us, and Swire Pacific are among the many businesses participating in this year’s Operation Santa Claus, an annual charity drive to support the needy in Hong Kong. Over a hundred Morgan Stanley employees participated in various activities to raise a record HK$3.55 million (approximately US$453,000). Toy retailer Toys ‘R’ Us is offering gift-wrapping services in exchange for donations. Individuals can also donate to the drive directly. Operation Santa Claus is a collaboration between the South China Morning Post newspaper and Hong Kong public broadcaster RTHK. Since its inception in 1988, the charity drive has raised a total of HK$290 million (approximately US$37 million).

Corporate social responsibility (CSR) spending in India jumps 14%, and is expected to reach ₹500 billion (approximately US$6 billion) by March 2019. A law requiring companies valued at over ₹5 billion (approximately US$71 million) to spend 2% of average net profits on CSR is bearing fruit. The increase in CSR spending is providing cover to India’s poor, estimated to number north of 170 million. An example is India’s biggest automaker, Maruti Suzuki, partnering with Gujarat-based hospital, Zydus, to set up a polyclinic. In Haryana, Maruti Suzuki has also set up automated water dispensing facilities. Clean water can be purchased from these facilities at one-thirtieth the retail price. Other notable initiatives in fulfilling the CSR law have included an AIDS campaign led by the Tata Group and an agricultural technology program funded by HDFC Bank.

THE INNOVATORS

Millennials are at the forefront of surge in social enterprises in Indonesia. A recent study commissioned by the British Council and the United Nations Economic and Social Commission for Asia and the Pacific notes rapid growth in Indonesia’s social enterprise ecosystem. Over 70% of the sampled enterprises were set up in the last two years, and almost half of all leaders are aged between 25 and 34. This sharp rise in social enterprises is having a positive impact on the economy and society. The number of full-time workers employed by the sector is up by 42% since 2016, and 20% of all enterprises target creative industries (including crafts and knowledge generation) considered key in modern development. Gender equality has also benefited: the growth of social enterprises has led to a 99% increase in the number of full-time females employed by the sector since 2016. Despite this surge, financing remains difficult to access, indicating that efforts to support the ecosystem must continue.

THE VOLUNTEERS

Filipino volunteer crowned Miss Universe 2018. During the final question round of the pageant, Catriona Elisa Gray from Philippines, said, “I work a lot in the slums of Manila and life there is very poor and sad. I have always taught myself to look for the beauty in it, to look for the beauty in the faces of the children, and I would bring this aspect as a Miss Universe to see situations with a silver lining and to assess where I could give something and provide something.” Gray was noted for being an HIV/AIDS advocate at Love Yourself, an advocacy and awareness NGO in the Philippines as well. She has also served as a teaching assistant at Young Focus which provides education to underprivileged children.

Who’s Doing Good?

10 December - 16 December 2018

THE GIVERS

Hong Kong Tatler names top 50 Asian philanthropists. The list features 50 of the most notable Asian philanthropists who have established charities or contributed generously to society through their donations. This year sees Li Ka-shing, Hong Kong’s richest person, topping the list. Through his foundation, Li has committed to donating approximately US$10 billion, a third of his fortune. Other notable philanthropists on the list include Ronnie Chan, Lui Che-woo, and Peter Woo. Chan, chairman of the Hang Lung Group, made the largest donation to Harvard University when he donated US$350 million in 2014. Contributions from these 50 individuals span a variety of domains, including the arts, education, cancer research, disaster relief, and poverty alleviation.

THE THINKERS

Mainstreaming of impact investment necessary to meet funding gap in achieving Sustainable Development Goals. A podcast hosted by Knowledge@Wharton featured observations from Fran Seegull, executive director of the United States Impact Investing Alliance, and Jonathan Wong of the United Nations Economic and Social Commission for Asia and the Pacific. The experts argue that private investment can not only meet the current funding gap, but also do so in a more sustainable fashion. According to Seegull, however, only the right mix of supportive and mandatory policy instruments can encourage this investment. Governments, therefore, must balance providing incentives and simultaneously preventing unnecessary bureaucratic hurdles. Wong adds that greater rigor in measuring social impact can assist governments in creating relevant evidence-based policy instruments, as well as informing and motivating investors with a clearer idea of potential returns.

Ronnie Chan and Ruth Shapiro’s pioneering journey to understand and promote Asian philanthropy. Ruth Shapiro, chief executive of CAPS, credits Ronnie Chan, one of Asia’s leading philanthropists, for his generous support in establishing CAPS. As per the interview published by Hong Kong Tatler, the modern Asian context served a precursor to CAPS. Chan and Shapiro saw that the exponential increase in private wealth across the region brought with it an increasing desire to give back to society. In order to facilitate this growing interest in philanthropy, CAPS launched its inaugural flagship research, the Doing Good Index, which seeks to measure the regulatory, fiscal, and societal infrastructure and ecosystem that makes it easier to “do good.”

Regaining public trust key to businesses and governments meeting societal goals. At two events organized in Singapore by French business school INSEAD, participants agreed that alleviating a rampant trust deficit was essential to creating social impact. The 2018 Edelman Trust Barometer finds that trust in businesses, governments, and media remains dismal, as 60% agree globally that CEOs are driven by greed rather than a desire to “do good.” Singapore’s Minister for Trade and Industry, Chan Chun Sing, recommended that businesses and governments embrace rules-based trading, implement meritocracy, and place societal interests before personal ones to regain trust. Peter Zemsky, deputy dean of INSEAD, argued that training business leaders to understand the relationship between business and society rigorously would also help regain lost trust.

THE NONPROFITS

Habitat for Humanity to raise funds through Indonesia Masters to support tsunami and earthquake victims. Founded in 1976, Habitat for Humanity, an international nonprofit, is serving as the sustainable partner for the 2018 Asian Golf Tour. As part of this partnership, Asian golfers took upon the role of ambassadors during the season to raise awareness about the nonprofit’s work. At the Indonesia Masters, spectators and golf enthusiasts will be able to contribute by purchasing merchandise and participating in charity games. The defending champion of the event, English golfer Justin Rose, has already donated US$50,000 to the nonprofit’s work in Indonesia for rehabilitating those affected by the recent tsunami and earthquake in Sulawesi and Lombok.

THE BUSINESSES

Impact investment asset manager Aavishkaar-IntelleCap Group receives ₹32 crore (approximately US$32 million) in investment from Nuveen, an American asset management firm. Nuveen’s investment will be used by Aavishkaar-IntelleCap to further increase its stakes in its subsidiaries. Nuveen is the investment arm of the Teachers Insurance and Annuity Association (TIAA) and holds over US$950 billion in assets. Aavishkaar-IntelleCap, based in India, is considered one of the world’s largest impact investing firms and offers a range of services including microfinance, equity financing, and consulting. The current investment by Nuveen follows Aavishkaar-IntelleCap’s efforts to raise US$300 million for its fund focused on Southeast Asia, which scouts opportunities in Vietnam, Indonesia, Myanmar, and Laos. Founded in 2001, Aavishkaar-IntelleCap currently manages a portfolio worth US$155 million spanning high-impact businesses at various stages of growth.

Indian personal care company, Himalaya, releases film to raise awareness about cleft-affected children. Titled “Ek Nayi Muskaan” (loosely translated to “A New Smile”), the film documents the story of Munmun, an eight-year-old girl from a village near Lucknow, India. Each year, over 35,000 babies are born in India with cleft lip and/or palate, and fewer than half receive treatment due to ignorance or poverty. Children with this condition are known to face difficulties in eating, breathing, and speaking. The surgery required is considered safe, immediate, and transformative. Munmun is shown in the film to receive support from “Muskaan,” an initiative of Himalaya in partnership with Smile Train, a global nonprofit headquartered in New York City. As part of the initiative, money from every purchase of a Himalaya lip-care product will be donated for this cause.

THE TRUSTBREAKERS

Ex-Malaysian Deputy Prime Minister charged for criminal breach of trust involving charity organization. Beleaguered former Malaysian Deputy Prime Minister Ahmad Zahid Hamidi was found to have misappropriated funds worth RM10 million (US$3.2 million) originally meant for Yayasan Akalbudi, his personal charity organization. The loan was discovered to have been passed to Armada Holdings, a Malaysian conglomerate. The current Criminal Breach of Trust ruling sees the number of charges against Hamidi swell to 46, amounting to a total of RM223 million (approximately US$53 million).

Chinese businessman jailed for running a pyramid scheme in the name of the poor worth RMB 20 billion (approximately US$2.9 billion). Zhang Tianming and 17 other individuals associated with him have been found guilty of running a pyramid and multi-level marketing scheme, which affected nearly six million people. Zhang’s company had lured investors with promises of high rates of return on projects that were meant to help the poor, but had instead paid out early members purely using funds from new joiners, a court investigation found.

Sexual abuse in the Nepali aid sector puts children at risk. The arrest of five foreign aid workers over the last year for alleged sexual abuse of children in Nepal has escalated fears that the country has become a target of pedophiles. These individuals are thought to be working under the cover of aid work or philanthropy. The most high-profile case of this alarming trend is that of Canadian aid worker Peter Dalglish. After spending nearly 20 years helping some of the world’s poorest children, Dalglish was arrested this year, and police found two boys, aged 12 and 14 respectively, inside his residence. Lori Handrahan, a veteran humanitarian worker, opines that these cases are merely the tip of the iceberg, suggesting that more or such incidents are to come and to be revealed.

Who’s Doing Good?

12 November 2018 - 18 November 2018

THE GIVERS

Forbes releases “2018 Heroes of Philanthropy,” shedding light on Asia’s leading do-gooders. In its twelfth iteration now, Forbes’ “2018 Heroes of Philanthropy” highlights entrepreneurs, executives, and celebrities who have made considerable philanthropic contributions in the previous year. With a total of seven representatives on the 40-member list, India and China have produced the highest number of “heroes,” while Singapore, Korea, Taiwan, and Australia follow with three to four members each.

Elderly couple in Korea donates millions to Korea University to fund scholarships for students in need. Kim Yeong-seok and Yang Young-ae have decided to make a property donation worth ₩40 billion (US$35.3 million) to Korea University for funding need-based scholarships. After the announcement of their donation, many expressed their concern over whether the university might misuse the funds for its own gains, but university officials clearly stated that they will make sure the money goes to students in need. “All the income from the building will be used to give scholarships to students in need. We all know how hard it was for the couple to accumulate such wealth, which is why we will make sure that no penny goes to waste,” said Yoo Byung-hyun, vice president for development, external affairs, and capital planning at Korea University.

Singaporean university gets SG$4 million gift from late philanthropic couple. Nanyang Technological University (NTU) in Singapore is the latest institution to benefit from a late elderly couple who had donated millions of dollars to several charitable causes. The SG$4 million (approximately US$2.9 million) gift will help fund NTU’s development of teachers, with the introduction of scholarships for master’s degrees and grants for trainee teachers at the university’s National Institute of Education. The scholarships will be named after the couple: Mr. Ong Tiong Tat, 74, who died in 2013, and Madam Irene Tan Liang Kheng, 73, who died in 2016.

THE THINKERS

Trust deficit to blame for the slow growth of Indonesia’s social sector. Billionaires in Indonesia continue to enjoy enormous growth in wealth in spite of economic downturns, but philanthropy, on the other hand, has not taken off, highlighted Ruth Shapiro, founder, and chief executive of CAPS. According to Shapiro, who spoke as a panelist at the Indonesia Philanthropy Festival, the trust deficit between givers and charitable organizations is primarily to blame. Unlike the private sector, the entire charitable sector is painted as corrupt in the wake of major public scandals, and a lack of purported transparency can often reflect capacity constraints and not actual corruption. Shapiro also stated that Indonesia’s unsupportive regulatory environment is an additional impediment.

THE NONPROFITS

Pakistani nonprofits face funding squeeze and delays in approvals as state paranoia peaks. According to the author, the Pakistani government, in its recent condemnation of the entire social sector, has failed to differentiate between legitimate social service providers and those involved in terrorism financing. For the government, nonprofits are increasingly viewed as fronts for international “agents” with “ulterior” motives. The ensuing clampdown has involved making it difficult for charities to access financing and to obtain government approvals for projects. This article paints a bleak picture for Pakistan and its social sector, as this tightening slows the country’s progress in core development areas such as education and health.

THE BUSINESSES

The Business Times releases “Champions of Good 2018.” Through a seven-part series, The Business Times spotlights best practices in volunteering and philanthropy from Singapore. Some of the areas covered by this wide-ranging series include CSR programs which tap into companies’ skills and resources to drive change and impact measurement as a tool to learn and refine social work. Across these seven articles, a myriad of organizations—mostly corporate, as well as nonprofits—are studied and showcased as role-model examples of doing good.

UNIQLO partners with International Rescue Committee (IRC) and Sesame Workshop to support refugees. Under this proposed partnership, customers at UNIQLO outlets will be able to shop for “Cards for Hope,” which are special greeting cards that feature artwork by Syrian refugee children in Lebanon. All proceeds will be channeled towards the Sesame Workshop and IRC’s early childhood development programs in Iraq, Jordan, Lebanon, and Syria. Promotional campaigns seeking to raise awareness of the grave humanitarian crises surrounding refugees will also be conducted through drawing workshops at UNIQLO outlets participated by elementary school groups and Sesame Street characters.

THE INNOVATORS

Alipay launches “Social Innovation Challenge” in partnership with the National University of Singapore (NUS) Enterprise. The initiative seeks to attract, promote, and support digital technology innovations geared towards social good in Southeast Asia. As part of the challenge, individual innovators and entrepreneurs will receive up to SG$50,000 (approximately US$36,000), as well as a complete suite of support services from mentoring to acquiring access to potential investors. Ant Financial, the parent company of Alipay, and NUS Enterprise, the entrepreneurial arm of one of Asia’s leading universities, have committed in a joint effort to tap into their rich networks and share their resources in order to support aspiring entrepreneurs focused on creating positive social impact. 

Hong Kong Tatler lists five impact funds and ventures that contribute to social well-being. First, on the list, The Rise Fund was setup by TPG, the world’s biggest private equity firm. The fund is worth US$2 billion and makes investments in areas such as education, healthcare, and energy. Hong Kong Tatler also features a sustainable rubber plantation in Indonesia worth US$95 million and owned by Michelin and Indonesia’s Barito Group. Responsible meat producers such as Impossible Foods and companies in the electric vehicle sector also made the cut.

THE VOLUNTEERS 

Japanese teen volunteers and funds library in Cambodia. Miyu Ozawa, now 16, saved every New Year’s gift money and decided to use the collected funds for a good cause. Having spent her spring vacation following her graduation from junior high school, she worked as a volunteer on a 10-day tour in Cambodia, where she helped with classes at a primary school. After returning to Japan, Ozawa began thinking about building a library in Cambodia because it appeared that while the country had schools, it did not have enough teachers or teaching materials. “Books will give you a first step for studying on your own,” said Ozawa.

THE TRUSTBREAKERS

Arrest of fake Chinese monk in Myanmar highlights the increase in sham begging. Ashin Dhamma Rakhita, associated with the Guan Yin San Tart Pain Temple in Yangon, Myanmar, has stated and clarified that monks do not and should not engage in commercial activities or ask for donations. In recent days, individuals in the garb of monks have appeared in markets, schools, and restaurants in Yangon, publicly asking for donations and selling beads. Videos on social media of their activities have also been doing the rounds. As a result, authorities have arrested one such trickster, while a few have returned to China.