Who’s Doing Good?

10 June 2019 - 23 June 2019

THE GIVERS

Li Ka-shing donates HK$118 million to Shantou University. Every undergraduate attending Shantou University in China will have their tuition paid for thanks to Hong Kong’s richest man. Li Ka-shing established the university in 1981 to aid the development of his hometown of Shantou. His donation of HK$118 million (approximately US$15 million) will grant a full scholarship to every student enrolled in the university for the next four years. The donation will be administered through his eponymous foundation, which he founded in 1980. The Hong Kong billionaire has exhibited great dedication to philanthropy, having donated over HK$20 billion (approximately US$2.5 billion) to schools, hospitals, and universities in 27 countries and regions. Li has stated that he plans to bequeath a third of his wealth to philanthropy and charitable causes.

Indian billionaire Azim Premji’s retirement casts spotlight on private philanthropy in India. Azim Premji announced last week that he will retire from his position as executive chairman and managing director of Wipro. As India’s second-richest person with an estimated net worth of US$22.4 billion, Premji has grown to be an inspiring philanthropist, committing over half of his wealth to philanthropy. Premji was the first Indian to sign The Giving Pledge and has donated US$21 billion to date. While ultra-high-net-worth individuals in India are giving less than they did five years ago, according to Dasra and Bain’s 2019 India Philanthropy Report, Premji is a notable exception. His retirement casts a spotlight on private philanthropy in India and the opportunity for more business leaders and philanthropists to invest their wealth in the social sector.

Japan’s Rugby World Cup mascots call on fans to help disadvantaged children in Asia. ChildFund and World Rugby are partnering for the 2019 Rugby World Cup, which will be hosted by Japan this fall. As part of their Impact Beyond legacy program, the Rugby World Cup’s two mascots will be ambassadors to ChildFund Pass It Back, a sport-for-development organization. Pass It Back has benefited more than 10,000 disadvantaged children across Asia–over half being girls and young women–by integrating life skills curricula with tag rugby. With a pledge of a record £1.5 million (US$1.9 million), the global rugby community and commercial partners for the 2019 Rugby World Cup will enable over 25,000 disadvantaged youth from across Asia to participate in the Pass It Back program.

THE THINKERS

Japan’s social investment funds connect social enterprises to private capital. As interest in social ventures increases among investors, third-party organizations in Japan are stepping in to connect social enterprises with private capital. This includes Kamakura Investment Management, which works to facilitate a cross-sector ecosystem by connecting companies it invests in to social ventures it supports. Kamakura’s flagship mutual fund, Yui 2101, which initially received skepticism from people in the industry, now boasts assets under management of US$340 million from more than 19,000 investors. Another key player working to foster a cross-sector ecosystem is the Japan Social Impact Investment Foundation (SIIF), which invested in Japan’s first health-care social impact bond.

Global Impact Investing Network (GIIN) releases its 2019 Annual Impact Investor Survey. In its ninth iteration, GIIN’s Annual Impact Investor Survey provides data on and insights into the increasing scale and maturity of the global impact investing industry. The report draws on responses from 266 leading impact investing organizations from around the world who collectively manage US$239 billion. The report also includes Asia-specific findings. South Asia is reported to be the second-fastest-growing region of interest among four-year repeat respondents, with 40 percent of all respondents planning to increase their allocations to it. For the array of actors entering Asia’s nascent impact investing industry, this report offers a snapshot of impact investing activity from global counterparts.

THE NONPROFITS

Cambodian nonprofit wins Australian award for film addressing domestic violence. Siem Reap-based nonprofit This Life Cambodia won the “Best Social Media Campaign of the Year” at the Not-For-Profit Technology Awards in Australia. The nonprofit leveraged the power of social media to run its End Violence Together campaign for 16 days in November and December 2018. The campaign included a two-minute film depicting “a world in which women and children weren’t wearing helmets to protect themselves from road accidents, but wore them inside their homes to protect themselves from domestic violence.” According to The Phnom Penh Post, the video went viral and was viewed more than a million times. This Life Cambodia is also a finalist for the global Grassroots Justice Prize.

THE BUSINESSES

Korea’s Amorepacific signs MOU with TerraCycle to recycle empty bottles. Recycling efforts will soon get a boost with an agreement signed between Amorepacific Corporate and global environment company TerraCycle. A memorandum of understanding signed between the two parties in June includes objectives to recycle at least 100 tons of empty plastic bottles annually for three years and to increase the usage of recycled empty bottles for Amorepacific products. Amorepacific is a leading Korean beauty company and has collected 1,736 tons of empty cosmetic bottles over the last 15 years. The company has been running its Greencycle campaign to recycle these empty cosmetic bottles or upcycle them into creative artworks. The company is also currently studying different recycling opportunities to mitigate environmental harm caused by used cosmetic bottles.

Collaboration among stakeholders key to achieving development goals. In the lead-up to the G-20 Osaka Summit, Japan has outlined action plans for achieving the SDGs through regional revitalization, women empowerment, and Society 5.0–a program based on human-centered society, leveraging data, and new technologies. Business leaders have also been vocalizing their support. The Keidanren, also known as the Japan Business Foundation, has updated its Charter of Corporate Behavior to support efforts for achieving the SDGs. The integration of SDG principles and environmental, social, and governance (ESG) factors into business strategies and investments is promising, but the article highlights the need for more collaboration at the global level to achieve the SDGs. At the first SDG Summit in New York this September, the international community will need to discuss progress made and a collaborative way forward.

THE INNOVATORS

Asian banks curb lending to coal plants after pressure from investment funds. Asian banks are stopping loans to coal plants as investors increasingly adopt environmentally conscious investment principles. The latest move came from Japanese bank Mitsubishi UFJ Financial Group in May and banks across Asia, such as DBS and Oversea-Chinese Banking Corporation in Singapore, have also announced similar measures. This is in line with a surge in global investments based on ESG factors, which have reached US$30.7 trillion as of 2018–a 34 percent increase in just two years–according to the Global Sustainable Investment Alliance. George Iguchi of Nissay Asset Management stated, “These three factors [environment, social, and governance] are good indicators of what vision each company has for its business. Businesses with a good vision can generate better returns [that are] sustainable.”

UOB Venture Management expands its impact investing initiative. UOB Venture Management will be launching a new impact fund in the second half this year. Named the Asia Impact Investment Fund (AIIF II), it will continue the Fund’s focus on investment in education, healthcare, and agriculture as well as extend into new areas like clean energy and affordable housing. Deals for the Fund will be assessed based on a company’s ability to scale its business and the company’s impact on low-income communities. UOB Venture Management started the first series of the Fund in 2015 and has invested in nine companies across China, Indonesia, and Myanmar. These companies have strived to improve the lives of low-income communities by including them as consumers, suppliers, or distributors.

Who’s Doing Good?

24 June 2019 - 7 July 2019

THE GIVERS

Alibaba to contribute US$145 million donation to women’s football. The Chinese women’s national football team will receive ¥1 billion (US$145 million) in donations from Chinese online giant Alibaba. Alipay, the mobile payment platform of Alibaba, will fund the bulk of the initiative. Additional contributions will come from the respective foundations of Alibaba co-founders Jack Ma and Joseph Tsai. The donation will be deployed over the coming decade towards injury prevention and treatment, career development of retired players, technical development, coach education, and youth development. According to this Channel News Asia article, the three parties aim to make football “more sustainable and accessible to girls and women across the nation.” Despite underfunding, the Chinese women’s national team has qualified for seven of the eight Women’s World Cups, including this year’s Cup in France. 

East Asia’s young rich redefine the concept of family legacy. A recent report, Passing the Torch: Bridging mindset gaps between high-net-worth generations in Hong Kong, mainland China, and Singapore, highlights a shift in family business and philanthropy. The study, which was conducted by HSBC and commissioned by The Economist, reveals that high-net-worth individuals are giving their heirs flexibility in taking the family business in a new direction. Increasingly, the younger generation is redefining their family legacies through establishing charitable foundations or engaging in new CSR initiatives under the umbrella of their family business. At the intersection of new wealth and new ideas, the younger generation is redefining family legacy as they strive to create long-term social or environmental impact at the helm of their family business.

THE THINKERS

Muhammad Yunus underscores the power of social enterprises run by women and young people. Ahead of a social business event in Thailand, Nobel laureate Muhammad Yunus talks about the impact of social enterprises, especially those run by women and young people. In conversation with the Thomson Reuters Foundation, he highlighted, “Women and young people perhaps understand these problems better because they are most affected by them.” As social entrepreneurship burgeons across the region, some Asian countries including Thailand, Vietnam, and the Philippines have passed legislation or revised laws to support social business ventures. To aid these developments, Yunus highlights the importance of adapting educational institutions and financial systems to encourage entrepreneurship and social business.

Philanthropy is still the backbone of social action. CAPS Chief Executive Ruth Shapiro’s letter in the Financial Times gives insight into the relationship between philanthropy and impact investing. In a recent study, CAPS found that 59 percent and 66 percent of social enterprises in Hong Kong and Japan respectively report receiving philanthropic or government grants. In fact, many social enterprises in Asia depend on philanthropy and government grants as angel investment. Shapiro’s letter is a prelude to CAPS’ upcoming report on effective social enterprise ecosystems in Japan, Korea, Hong Kong, Indonesia, Pakistan, and Thailand, set to be published this fall.

THE BUSINESSES

Prudence Foundation and AVPN announce winners of inaugural Disaster Tech Innovation Competition. Prudence Foundation, the community investment arm of Prudential in Asia, and AVPN launched the Disaster Tech Innovation Competition earlier this year. The competition aims to “leverage technology solutions for disaster prevention and recovery efforts in the region.” The finalists, comprised of both nonprofit and for-profit social purpose organizations, covered markets including Cambodia, Indonesia, Nepal, Bangladesh, the Philippines, and Taiwan. FieldSight, a mobile platform that supports disaster reconstruction activities, won First Prize. According to FieldSight director Justin Henceroth, the mobile platform was first launched in Nepal following the 2015 earthquakes and has since been implemented at 60,000 sites in 16 markets. The organization received a grant of US$100,000 to help fund the implementation and scaling up of its Disaster Tech solution.

Development impact bond (DIB) boosts education in India. The Quality Education India DIB was launched in September 2018 by the British Asian Trust, the Michael & Susan Dell Foundation, the UBS Optimus Foundation, and Tata Trusts, together with local partners. As the largest development impact bond in the area to date, the bond funds initiatives towards improving literacy and numeracy skills for more than 300,000 children in India. According to a recent evaluation, “40 percent of participating schools met or exceeded their targets for literacy and numeracy outcomes compared with non-participating schools.” The Michael & Susan Dell Foundation country director for India highlighted, “The early signs are that outcome-based funding models, with an incentive attached, have the potential to drive quality in education and attract new forms of capital to sustain it.”

Japan’s Suntory joins rival Coca-Cola to encourage plastic recycling in Vietnam. Reuters reports on a new alliance between Suntory, Coca-Cola, and Nestle–the latest in partnerships among global plastics and consumer goods companies. The Japanese beverage giant, Suntory Holdings, plans to switch out pure petroleum-based plastic bottles for bottles made from recycled or plant-based materials by 2030. However, achieving this goal will be challenging due to a lack of sophisticated recycling systems in Suntory’s Southeast Asian markets, such as Vietnam. The alliance, which also includes the local operations of Tetra Pak and NutiFood, will call on the Vietnamese government to, “plan a system spanning collection and facilities for recycling.” This push comes at a time when Vietnam is among the biggest contributors to plastic waste in the ocean. Earlier this month Vietnamese Prime Minister Nguyen Xuan Phuc stated that he wants Vietnam to phase out single-use plastics by 2025, but companies are pushing for large-scale recycling systems in addition to government restrictions on plastic bottles.

THE INNOVATORS

Sustainable investments make up nearly a fifth of rich Asian investors’ portfolios. According to a survey by Standard Chartered Private Bank, high-net-worth (HNW) investors in Asia have increased their allocation to sustainable investments to almost a fifth of their portfolios. The survey covered 416 HNW individuals residing in China, Hong Kong, Singapore, and India with a minimum of US$1 million in investments. Chinese investors are leading as the survey found “a majority of [Chinese] respondents have already allocated between a quarter to half of their funds to sustainable investments.” The study also revealed that in Asia knowledge of sustainable investing among investors has improved by 20 percent from 2018. The top cited motivation among the HNW investors was to “create a better future,” followed by “doing good while earning a profit.” The growing interest and awareness of sustainable investing among HNW investors is an encouraging trend for the region.

Impact investing in Asia to gain as US$15 trillion set to change hands among world’s wealthiest families. Impact investing in Asia has an opportunity to gain from the US$15.4 trillion intergenerational wealth transfer expected to occur over the next decade, according to global wealth researcher Wealth-X. While only US$1.88 trillion of this total is expected to be transferred in Asia, the transfer of wealth will occur amidst a growing ESG sector and growing interest in impact investing. With the younger generation soon to be at the helm of their families’ wealth, this intergenerational transfer is a fruitful opportunity for impact investing to grow. Wealth-X additionally notes that the US$8.8 trillion expected to change hands in Europe and North America bodes well for Asia. Due to friendlier regulatory environments, wealthy investors are increasingly setting up family office branches in Singapore or Hong Kong.

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?

4 March 2019 - 10 March 2019

THE GIVERS

British Asian Trust announces new partnership with British Telecom (BT) to launch program in India. The British Asian Trust, which was founded by Prince Charles in 2007 to fight poverty in South Asia, will launch a three-year program in partnership with BT to employ digital technology to improve girls’ education in India. Working with local sector leaders and social delivery organizations, the new partnership will explore innovative ways in which technology can be used to break down social barriers and help improve education and employment opportunities for around 500,000 young girls. The program will work in and around BT’s India operations in Delhi, Gurugram, Bengaluru, and Kolkata. BT Group’s chief executive, Philip Jansen, expressed enthusiasm for the new partnership, “The world of work has changed enormously during the 30 years BT has been in India. We recognize that digital technologies have the potential to transform opportunities for this and future generations of girls.”

THE THINKERS

Despite strong philanthropic momentum, India still falls short on funding needed to achieve the Sustainable Development Goals (SDGs). Bain’s India Philanthropy Report 2019 heralds the growth of social sector funding over the past five years. The report highlights an increase in private funding at a rate of 15% per year and public funding at a rate of about 10% per year. Funding by individual philanthropists grew the most, increasing by 21% per year. Even if India continues to sustain its current funding growth rate and channels all philanthropic capital into the SDGs, the country will still face an annual shortfall that augurs poorly for achieving the SDGs. While domestic private philanthropy is burgeoning and outpacing public funding growth in India, the report calls on domestic corporations and India’s ultra-high-net-worth individuals to enhance the level and nature of their giving.

Collaboration and women empowerment underscored as key factors of effective philanthropy in India. In response to the release of Bain’s India Philanthropy Report 2019, leaders in the philanthropic sector called for more collaborative action and women empowerment. Roopa Purushothaman, chief economist and head of policy advocacy at Tata Sons, encouraged stakeholders to look at building a “carer economy,” which supports caregivers of children and elders. Anant Bhagwati, a partner at Bain and director at Dasra, a foundation focused on strategic philanthropy, highlighted the critical role of collaborative action for India’s philanthropic spending to reach its full potential. Philanthropist Rohini Nilekani echoed Bhagwati’s views, emphasizing the need for civil society, markets, and government to collaborate for better results.

Why investing in women and girls will take off in 2019. New research published in the Stanford Social Innovation Review delineates the economic benefits of gender parity, highlighting that women could raise global GDP by up to US$28 trillion or 26% in 2025 if they were to attain equal participation. A McKinsey report estimates that advancing women’s equality in Asia-Pacific countries would raise their collective GDP by US$4.5 trillion in 2025, a 12% increase over the business-as-usual trajectory. While growth in gender lens investing is constrained by a sparse pipeline of investees as well as a lack of well-defined metrics, a better understanding of the benefits of gender impact investing, celebrating success stories, and supporting women-focused intermediaries can all help drive more investing in women and girls in the Asian region and boost global prosperity.

THE NONPROFITS

Nonprofits focus on “secondary needs” in efforts to rebuild communities in Tohoku. Monday marked eight years since the Great East Japan Earthquake, a magnitude-9.0 earthquake that triggered a tsunami and nuclear disaster and devastated coastal communities, most notably in the Tohoku region. While Japan’s Reconstruction Agency announced in December that full restoration of the region would not be complete by March 2021 as originally scheduled, nonprofits and volunteers have been playing a major role in helping with recovery. In addition to physical reconstruction, nonprofits and local government are also focusing on “secondary needs” of reconstruction, including emotional and social well-being. One nonprofit, Playground of Hope, is working to restore a sense of community and strengthen emotional and social support by providing outdoor play equipment for children and holding community workshops.

THE BUSINESSES

Google launches a free mobile application to teach English and Hindi to children in India. Google’s new offline mobile application, Bolo, is designed to help children in rural areas with poor mobile coverage improve their English and Hindi. The application uses speech recognition and text-to-speech technology with friendly cartoon characters to make language learning more fun for children. Google has developed and released Bolo in the name of philanthropy, stating that it is not looking to monetize the application and that the application is completely safe for children to use. A recent study showed that only 44% of grade five students in India are capable of reading books written for grade two students, and in response, Google stated that its reading-tutor application can help improve these numbers. In the pilot scheme with almost 1,000 children, results showed that 64% of participants improved their reading skills after using the Bolo application.

Lessons from SK Group on corporate social responsibility (CSR) in Asia. Companies and institutional investors play a major role in driving innovation, and Chey Tae-won, chairman of SK Group, sheds light on the group’s recent initiatives that focus on accountability and innovation. One example he highlights is the group’s “Double Bottom Line” (DBL) initiative, by which the group reports all of its 17 SK affiliates’ contribution to social value alongside operational profits. Another CSR program, “Social Progress Credit,” was highlighted for its support for social enterprises through cash incentives. With an early acknowledgment of its responsibility in Korea, the SK Group has been a leader in CSR, and its deep-rooted commitment to social good is an exemplar for other companies in the region looking to cut through the noise and be recognized in the CSR space.

THE INNOVATORS

Recognition of social enterprises in Asia needed first before regulation. Social enterprises have proliferated across Asia over the past decade, and governments are increasingly recognizing the role that social enterprises play in solving social, economic, and environmental challenges. Last week, Thailand passed a social enterprise act that gives tax breaks and other incentives to registered profit-generating ventures with a social impact mission. This act puts Thailand among the few countries in the region with legislation aimed at such ventures. Romy Cahyadi, chief executive at Indonesia-based Instellar, a company offering incubation and acceleration programs for social entrepreneurs, highlights that recognizing social enterprises as legal entities can offer greater clarity to the sector. However, for many countries where the social enterprise sector is still nascent, there is a greater need for awareness of and education on social enterprises first.

THE VOLUNTEERS

Chinese end-of-life care volunteers bring comfort to the elderly. In 2018, China had 249 million people aged 60 and above, accounting for 17.9% of its total population. With the fastest-growing elderly population in the world, among which nearly 50 million are critically ill, there is a high demand for elderly services and care. One nonprofit, Love and Companion Center, provides end-of-life care for those in need and enlists volunteers from a 500-member group chat on WeChat every week. Since it was established in 2014, the nonprofit has provided over 10,000 hospice services for the elderly and their families through the help of its volunteers.

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?

3 December 2018 - 9 December 2018

THE GIVERS

Singapore-based Vietnamese private equity veteran champions social entrepreneurship as his area of philanthropic focus. Lam Nguyen-Phuong, who was co-founder and senior managing partner of the private markets division of the Capital Group before his recent retirement in January, supports social entrepreneurship as his area of philanthropic focus. However, Nguyen-Phuong is not in it for profit, steering clear of impact investments for his personal portfolio: “I’ve been approached by social impact [investment] firms to invest, and I refused… Impact investments have a built-in conflict, as investors may say—why can’t we limit the social impact for a higher return? But profit has to come after purpose, and only to make it self-sustainable. When I used to make investments for [private equity] clients, the main objective was to make a profit. If in the process there was a social benefit, that was good.” In his personal capacity, Nguyen-Phuong has supported Ashoka and is a donor through an Ashoka endowment fund set up in his family’s name to support entrepreneurs in emerging markets, as well as personally mentoring social entrepreneurs under organizations that he personally supports.

Samsung Welfare Foundation names tycoon’s daughter as new chief. Stepping down from her position as president of the fashion division of Samsung C&T Corporation, Lee Seo-hyun, a daughter of hospitalized Samsung Electronics Chairman Lee Kun-hee, will now assume a new role as chairman of the Samsung Welfare Foundation. She will start her four-year term on January 1, 2019. Samsung Welfare Foundation, one of Samsung’s four foundations, was established in 1989 by Lee Kun-hee in an effort to expand Samsung’s charity projects and initiatives.

Japanese actress’ fund helps renovate school in Nepal. A fund run by Japanese actress Norika Fujiwara has been used to renovate a high school in Nepal. Fujiwara’s “Smile Please World Children’s Fund” helped provide the previously dilapidated Shree Ganesh High School with five new classrooms and a water facility for its 447 students. Nepal represents the third country after Afghanistan and Cambodia where the actress has helped build schools. It is uncommon for Japanese actresses to do charity work, she said, adding, “I want to tell the reality of the world to the Japanese society.”

K-Pop girl group member donates ₩50 million to charity. Seol-hyun of K-Pop girl group AOA recently donated ₩50 million (approximately US$44,385) to the Community Chest of Korea for supporting children from low-income families. This particular donation marks the third donation that Seol-hyun has individually made to various causes. In the previous year, she made two donations of the same amount to help victims of an earthquake in Pohang, Korea, and to help deaf children in Seoul.

Lego Foundation grants US$100 million to help refugee children. In its first major humanitarian project, the Lego Foundation announced its decision to provide US$100 million over the next five years to Sesame Workshop’s work with the International Rescue Committee and with the Bangladeshi relief organization BRAC. The aim is to create play-based learning programs for children up to the age of six in Lebanon, Jordan, Iraq, and Bangladesh. “We do risk losing a whole generation if we don’t help the children who find themselves in these emergency settings,” said John Goodwin, the chief executive of the Lego Foundation.

THE THINKERS

“A few NGOs are getting a lot of bad press. What’s the overall track record?” Having observed an increasing number of nonprofits coming under fire, The Washing Post explores recent cases and incidents that may explain why. From multiple sexual abuse scandals in developing economies to lack of accountability to meet organizational goals and targets, nonprofits dominated many frontpage headlines throughout the year. At the same time, there were several favorable polls that attested to society’s positive perception of and trust in the nonprofit sector. To figure out the true impact of nonprofits beyond perception, the authors studied a random selection of 300 published articles and reports on nonprofits and found that nearly 60% of them reported solely favorable effects of nonprofits on development outcomes, while just 4% reported that they had only unfavorable effects.

“Impact investing can be next growth and job engine for India: Amit Bhatia, Global Steering Group.” In this e-mail interview with The Economic Times, Amit Bhatia, global chief executive officer of the Global Steering Group for Impact Investment, speaks about the growing market of impact investing and its significance. Most notably, Bhatia shares how the impact economy is now worth US$23 trillion—US$16 trillion in responsible investing, US$6 trillion in sustainable investing, and US$0.25 trillion in impact investing. In terms of the future growth trajectory, Bhatia refers to his organization’s recent study with KPMG, sharing that by 2020, impact investments will cross US$468 billion.

Noteworthy talks and sessions at this year’s Yidan Prize Summit. Now in its second year, this Hong Kong-based education-focused forum brings together thought leaders—policymakers, business leaders, philanthropists, politicians, and educators—to formulate strategies to ensure today’s education meets the needs of tomorrow. In this feature article, Hong Kong Tatler previews and spotlights seven sessions at the event—from conversations with this year’s laureates to “Growing the Right Talent for Tomorrow” with Hong Kong philanthropist and Hang Lung Group chairman Ronnie Chan.

THE NONPROFITS

Filipino government awards Singaporean nonprofit helping foreign domestic workers. President Rodrigo Duterte conferred the Kaanib ng Bayan (Nation’s Partner) Award to the Foreign Domestic Worker Association for Social Support and Training (Fast). The organization, a charity supported by the Singapore Ministry of Manpower, was recognized for its “exception or significant contribution… to advance the cause or promote the interests of overseas Filipino communities.” Seah Seng Choon, the charity’s president, told The Straits Times, “It’s a recognition of the work that Fast is doing, and we’re glad that we have been recognized. This encourages us to do more.” Since its founding in 2005, Fast has been organizing courses and programs to help domestic workers learn skills that can add value to their work and enhance their future employability. These include cooking, baking, infant- and eldercare, foot reflexology, computer literacy, English, stress management, and entrepreneurship. Over 25,000 foreign domestic workers go through these courses each year.

Korean President invites major charity groups to top office and promotes culture of giving. President Moon Jae-in invited and hosted on Friday 15 of the country’s major charitable organizations at the Blue House. These charities included, for example, Salvation Army Korea, Good Neighbors, World Vision, and Child Fund. The Blue House said the event was arranged to imbue the public with the spirit of sharing and giving toward underprivileged neighbors during the year-end season, noting it is the first such gathering of the major charities. President Moon and First Lady Kim Jung-sook also delivered their donations to each of the participating groups.

Delhi city government bars Bloomberg-funded charity from tobacco control work. According to a city government official and a memo seen by Reuters, a small Indian nonprofit funded by Bloomberg Philanthropies will not be allowed to carry out tobacco control work in New Delhi after it failed to disclose its funding. The same official also added that other foreign-funded organizations will need to seek prior approval in the future for anti-tobacco activities. The Delhi city government’s decision comes amid similar moves by the Indian government, which has since 2014 tightened surveillance of foreign-funded charities. An anonymous anti-tobacco activist commented, “This is sending a wrong message. They are basically deterring tobacco control.”

Pakistani government officially announces expulsion of 18 charities. Pakistan announced on Thursday it was expelling 18 international charities amid growing paranoia that Western aid agencies are being used as a front for espionage. Umair Hasan, the spokesman for the Pakistan Humanitarian Foundation, an umbrella representing 15 of the 18 charities, said those charities alone help 11 million impoverished Pakistanis and contribute more than US$130 million in assistance, adding, “No organization has been given a clear reason for the denial of its registration renewal applications.” However, Shireen Mazari, the country’s human rights minister, said on Twitter the 18 groups were responsible for spreading disinformation. “They must leave. They need to work within their stated intent which these 18 didn’t do,” she said.

Number of new charities in Singapore down to 10-year low. The number of new charities in Singapore hit a 10-year low last year. According to the Commissioner of Charities’ latest annual report, only 39 groups registered as charities last year. This is down from 49 a year before and 59 in 2008. Various experts have explained this decline could be due to the rise of informal help groups and the sector reaching a saturation point. Charity Council chairman Gerard Ee said, “There are so many charities out there fighting for the same donation dollar, and it is very difficult for new charities to raise funds. So people may think it’s easier to volunteer at existing charities, doing the work they were thinking of doing, instead of starting a new charity.”

THE BUSINESSES

UBS streamlines efforts to address the rising importance of gift-giving to the world’s wealthy. Switzerland-based global bank UBS has recently streamlined its group-wide philanthropic efforts, consolidating them into a single 45-member team. Phyllis Costanza, a veteran who has served at the bank for seven years, has been tasked with leading the team. Costanza also heads the UBS Optimus Foundation, which successfully launched a high-yielding bond linked to the learning development of young girls in Rajasthan, India, in 2016. UBS executives, Hubertus Kuelps and Joe Stadler, were confident the team would achieve “measurable social impact through their philanthropic activities, while also generating enhanced business growth for UBS.”

A look at HSBC’s philanthropic activities and how it approaches maximizing social impact. Cynthia D’Anjou-Brown, Asia head of philanthropy and family governance advisory services for HSBC Private Banking, details in this interview the bank’s extensive work in advising and supporting its private banking clients in regards to the charitable and philanthropic sectors. According to D’Anjou-Brown, the bank has learned that matching donors with causes they feel passionate about and tapping into their expertise help maximize impact.

THE INNOVATORS

Recent seminar in Thailand discusses the importance of social enterprises in boosting sustainable development. At “Thailand Social Enterprise: The Way Forward,” various stakeholders and experts gathered to discuss the role of social enterprises in contributing to Thailand’s sustainable development and growth. Kittipong Kittayarak, executive director of the Thailand Institute of Justice, noted that building a supportive ecosystem is important: “The law alone cannot govern every part of the ecosystem. Cooperation from all sectors, namely incubators, education sector, financial institutions, entrepreneurs’ associations, and public sector are key for the successful implementation and development of social enterprises.” Sarinee Achavanuntakul, co-founder of Sal Forest, Thailand’s first “sustainable business accelerator,” said that the biggest challenge is social entrepreneurs abandoning their mission or having very little social impact and that as such, the most important thing is evaluating the enterprise’s social impact, as well as the pressure it can have on the public. This seminar hosted by the Thailand Institute of Justice occurred amidst a recent public hearing on the Social Enterprise Promotion draft bill, which has now reached the final stage before being handed over to the National Legislative Assembly for consideration.

THE VOLUNTEERS

Student charity run in Malaysia collects RM200,000 (approximately US$50,000) to support victims of human trafficking. The race was organized as part of the global charity event, “24-Hour Race,” and saw participation from over a thousand people who completed over 15,000 laps. This year’s race was the event’s eighth iteration and increased the total amount collected by the event to RM4.85 million (approximately US$1.2 million). The money will be channeled to The Exodus Road, a nonprofit organization that will train and equip 24 national local law enforcers and help fund 24,000 hours of investigation across 2,400 locations to support victims of human trafficking.

THE TRUSTBREAKERS

 Self-proclaimed Thai philanthropist organizing anti-drug campaign arrested for drug trafficking charges. Kalyakorn Siriphatarasomboon, better known by her nickname as Jay Lin, was arrested in Phrae province in northern Thailand for drug trafficking charges. The police found and seized 1.6 million tablets of methamphetamine and 10 kilograms of crystal meth aboard a pickup truck which she was driving. The suspected drug trafficker had launched an anti-drug campaign among local teenagers, especially youth soccer players, in Chiang Mai, Thailand, and donated money to impoverished people in the region, but the police suspected such charitable acts and events were merely a cover-up for her drug trafficking crimes.
Seoul city government-backed foundation accused of various corruption incidents and organizational malpractices by current and former employeesThe Seoul Digital Foundation, founded by the Seoul Metropolitan Government and funded by its taxpayer money, was accused of various questionable practices by current and former employees. For one, the foundation’s chairman used a corporate card under the foundation 37 times—mostly on Friday nights—for personal meals near his apartment, totaling an amount of approximately US$2,719. In public audit hearings, the foundation’s chairman would resort to the excuse of funding security and cleaning staff’s meals. It was also revealed that the chairman used the corporate card to watch professional baseball games and to pay for meals and drinks at these games. Covering up and disguising these payments was considered a daily practice within the organization, as staffers were ordered to record fake meeting minutes.
Various side effects appear for Japan’s hometown tax donation (furusato nōzei) system. What was originally intended to be a system to encourage and incentivize individual giving to local governments turned out to be a tax loophole and a profitable trade in goods and services. Over the years, some local governments began offering gifts in return for donations. The law does not prohibit gift-giving, but in principle, items on offer should be produced in the area represented by the local government in question. However, more and more governments are offering expensive gifts that have no relation to their local industry or agriculture, with competition heating up to the degree that dozens of websites have appeared to help consumers choose among gifts that are available. Some have also pointed out how the system is particularly advantageous for the wealthy who pay higher residence taxes, as they can claim a part of their residence tax payment as a deductible donation.

Who’s Doing Good?

26 November 2018 - 2 December 2018

THE GIVERS

The fund led by Vincent Tan to prevent temple from demolition reaches RM2 million (US$480,000). Vincent Tan has cited Buddhist teachings and a sense of respect for places of worship common to Malaysians for championing the cause of the Seafield Sri Maha Mariamman Temple which is marked for demolition. Through the fund, the land, measuring 0.5 hectares and valued at US$3.4 million, will be bought back from its developer. Tan’s initial pledge of RM500,000 (US$164,000) grew fourfold since the announcement, with contributions from other notable Malaysian high-net-worth individuals. Malaysians interested in contributing can choose from either traditional or electronic banking channels. Crowdfunding via social media has also been proposed. In 2011, Vincent Tan was featured on Forbes‘ “Asia’s Heroes of Philanthropy” list for pledging to donate half of his life’s savings.

THE THINKERS

Pharmacists hold key to revolutionizing heathcare in Southeast Asia but oversight is crucial. Natalia Hendrickson argues that a variety of problems with formal healthcare systems in Asia—for example, long distances and steep costs—have spurred the prominence of pharmacists. But in the absence of formal training and data, complications with dosages and diagnoses are likely to emerge. Hendrickson hails the recent Electronic Drug and Safety System (eDSS) launched in the Philippines as an innovative solution. An average of 23 million pharmacy transactions and patient prescriptions are uploaded to a database in real-time through the application software each month. The Philippines Food and Drug Administration and mClinica, developers of the software, can tap into this rich data to identify and address issues in real-time.

Foundations constantly innovating with regards to impact investing to attract investors. Foundations, namely the Ford Foundation and the Sasakawa Peace Foundation, are increasingly making use of innovative strategies to attract private investors to impact investing, states a podcast hosted by Knowledge@Wharton. One of such strategies is the creation of safety nets for investors. Roy Swan, Director of Mission-related Investments at the Ford Foundation, argues that during a downturn, sovereign wealth funds may not be able to guarantee a 25% return on market-rate housing, but the same money, invested in affordable housing during such a downturn, can be safely predicted to generate returns of about 8%. The Sasakawa Peace Foundation, too, is experimenting with “blended finance,” which combines development finance and philanthropic funding.

THE NONPROFITS

Global health nonprofit, PATH, partners with Vietnam’s Ministry of Health and United States Agency for International Development (USAID) to launch key steps for HIV prevention. Pre-exposure Prophylaxis (PrEP) services have been launched nationwide in Vietnam to help individuals at risk of HIV infection. By taking a pill every day, PrEP has been known to reduce the risk of infection by 92%. The nationwide roll-out of the service was preceded by pilots run in 2017 in collaboration with various nonprofit organizations. Vietnam is the second Asian economy to implement such a program after Thailand, which did so in August this year. The nonprofit organization at the center of this service, PATH, works to accelerate health equity through cross-sector collaborations.

Charity concert in Singapore raises SG$2 million (approximately US$1.5 million). In its 14th edition this year, the charity concert, ChildAid, involved over 140 participants aged five to 19 who sang and danced to help other children in need. The event was directed by Singaporean singer Dick Lee and involved revisiting pop music from the last 60 years. This year’s collection takes the total amount raised by the event since 2005 to SG$18 million (approximately US$13 million). Money raised by the event is channeled to The Straits Times’ School Pocket Money Fund and assists disadvantaged children with expenses such as food and transport.

THE BUSINESSES

J. Walter Thompson and Tata Pravesh release “The Positive Move” on World AIDS Day. The digital film chronicles the individual stories of HIV-positive teenagers who had to face social exclusion but refused to let that hinder them. The teenagers went onto start “Café Positive,” Asia’s first café run independently by HIV-positive staff members in Kolkata, India. A local nonprofit, Organization for Friends, Energies, and Resources (OFFER), supported the creation of the film. Speaking at the release of the film, Vijay Jacob Parakkal, senior vice president and managing partner at J. Walter Thompson, said, “We found the Café Positive story of grit, determination, and acceptance by people very touching. It does open our doors of perception.”

Nihon Kohden donates portion of sales proceeds to the American Epilepsy Society (AES). For the 10th consecutive year, Nihon Kohden, a major Japanese manufacturer of medical electronic equipment, has donated sales proceeds from one of its machines to the AES. This year’s donation takes the total amount donated by the manufacturer to the AES across the decade to over US$250,000. The AES has been allowed to fund research into significant areas such as the connection between epilepsy and traumatic brain injuries through these donations.

Dai-Ichi Life Insurance invests ¥100 million (approximately US$890,000) in Tokyo-based Molcure. In its seventh impact investment in 13 months, Japan’s third-largest insurance company, Dai-Ichi Life, has invested in Molcure, a Tokyo-based biotechnology firm. The firm is developing what will be the world’s first antibody discovery platform based on machine-learning. Pharmaceutical companies will be allowed to develop drugs that identify antibody candidates quicker. Dai-Ichi Life Insurance, which cited Molcure’s “positive social impact” as a motivator, is a pioneer in the impact investing space in Japan. Since October 2017, it has invested a total of ¥2.2 billion (approximately US$1.9 million) in seven impact investment deals.

THE INNOVATORS

Priyanka Chopra and Facebook come together for #SocialForGood. Actress and celebrity Priyanka Chopra and Facebook joined forces to host a live fundraising event to encourage individual donations for various social causes. Named #SocialForGood, the Live-athon event received 15,244 donations, which is more than a single donation per second, in four hours from more than 57 cities. Speaking about the event, Chopra said, “It was an amazing day, and I am overwhelmed by the support we have received not just from our panelists and performers, but also from all those who tuned into the Live-athon. The conversations were insightful and impactful, and what made the day a success was the number of donations received for each of these important causes. It showed that we care and that we can use #SocialForGood.”

The world’s largest crowdfunding platform for impact investing raises US$1.5 million for solar energy business. Freyr Energy, an Indian solar solutions firm, has closed a US$1.5 million fundraising round through Impact Partners, the world’s largest crowdfunding platform for impact investing. Impact Partners brought together a consortium of global investors, including the Netherlands-based C4D Partners and India-based angel investors. According to the Impact Investment Exchange’s assessment, funding will expand access to reliable and affordable solar energy to 2,275 households and 2,975 businesses, enable 675 off-grid rural villages to enjoy electricity for the first time through micro-grids, and avoid 167,270 metric tons of carbon dioxide emissions by 2022.

THE VOLUNTEERS

Indian Navy commander and captain win Asian of the Year award for Kerala flood rescue. Commander Vijay Varma and Captain P Rajkumar, both pilots, were honored at The Straits Times’ “Asian of the Year” awards for their death-defying rescue flying during the Kerala floods earlier this year. Varma, 42, winched up a heavily pregnant woman who gave birth just after being airlifted to safety, while Rajkumar, 54, rescued 26 people up from a rooftop in the port city of Kochi. A video of Varma’s rescuing of the pregnant woman went viral on social media.

THE TRUSTBREAKERS

Abraaj founder gets a lifeline amidst scandals and a good reputation tarnished. In recent months, Abraaj Group fell from being a respected US$14 billion impact investing powerhouse to a company offered a buyout of just US$1, additionally facing a scandal at a key lender. Facing a pressing liquidation demand from a Kuwaiti lender, Abraaj Group, fortunately, received an extension order from the Cayman court, so that it may devise a restructuring proposal over the next three months. The decision saves Abraaj investors from years of lawsuits and advisor fees. One investor said, “The fact that the court ruled in favor of an extension despite attempts to derail it means there is hope.” Had the court denied the request for a moratorium, Abraaj would have been forced to liquidate its assets at steeper discounts, seriously hurting creditor recoveries. Meanwhile, Abraaj founder, Arif Naqvi, is reported to have spent the last nine months talking to his biggest creditors, portfolio companies, and other stakeholders.

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.

Who’s Doing Good?

29 October 2018 - 4 November 2018

THE GIVERS

Korean star soccer player Son donates to the military before Asian Games win. Son Heung-min, a professional soccer player who plays for Tottenham Hotspur in the English Premier League and who captains the Korean national team, donated around £70,000 (approximately US$90,100) to his country’s armed forces prior to the victory in this year’s Asian Games, which allowed him to be exempted from Korea’s mandatory military service. “Son Heung-min called us by himself saying he’d like to make a donation for Korean soldiers and their families,” Kookbang Ilbo, the army’s official daily newspaper, revealed.

THE THINKERS

Indonesia tops the World Giving Index 2018. Through a survey of over 150,000 people in 146 countries, this year’s World Giving Index by the Charities Aid Foundation places Indonesia as the most generous country, followed by Australia and New Zealand. Singapore and Myanmar are Asia’s other representatives in the Index’s top ten at seventh and ninth, respectively. Termed as “quite remarkable,” Singapore turned around its poor showing in previous versions of the Index, jumping 23 spots from its standing in 2017, a change led primarily by increased volunteering. Myanmar had topped the Index in 2017, and Indonesia was placed second.

THE NONPROFITS

BTS’ UNICEF “Love Myself” campaign raises over US$1.4 million. Last year, BTS, a globally popular K-Pop group, teamed up with UNICEF Korea for their “Love Myself” anti-violence campaign, and it was recently revealed that the initiative had raised over US$1.4 million. “In the year since UNICEF and BTS joined together to eradicate violence against children, we have raised over ₩1.6 billion,” said UNICEF Korea in a statement.

Hong Kong nonprofit raises US$2 million for the Philippines’ poorest. Through a number of auctions and activities held in Hong Kong as part of the “Stepping Free from Poverty” banquet, the International Care Ministries (ICM) managed to raise US$2 million. Founded in 1992, the ICM is the brainchild of interior designer Sharon Tang. The Hong Kong charity provided training and resources to its one millionth family this year, and the money raised will be utilized to bring the next million out of extreme poverty. 

THE BUSINESSES

India’s CSR funding set to reach Rs20,000 crore. CSR funding in India is poised to grow to Rs20,000 crore (approximately US$274.9 million) over the next three years. That is the estimate made in a new report by the Indian School of Development Management in association with Sattva Consulting which also says CSR funding has been growing at the rate of 9% per year. With 33 lakh nonprofit institutions employing over 1.82 crore individuals, supported by contributions from funders, enabling organizations, the government, and businesses, India’s development sector is one of the largest and most active social economies in the world. It also has a huge potential to become an aspiring and mainstream career option for India’s young leaders and managers.

12,000 Samsung employees participate in the company’s Global Volunteer Month. Each year in October, Samsung employees all over the world look to give back through volunteering and community engagement. This year, across regions and countries such as the United States, Latin America, Sweden, Italy, Turkey, China, Myanmar, and Thailand, a total of 12,000 volunteers engaged in the program and contributed to diverse areas such as education, immigrant integration, school refurbishments, and cyberbullying among others.

THE INNOVATORS

Blockchain-based plastic recycling centers in Indonesia. Plastic Bank recently partnered with SC Johnson to open plastic recycling centers across Indonesia. Recent scientific data revealed that Thailand, the Philippines, China, Indonesia, and Vietnam are responsible for more than 55% of the plastic waste found in the ocean. The organization plans to open eight plastic waste collection centers across Indonesia by May 2019. The program aims to act as a means of income for the local waste collectors who live below the poverty line and also to encourage recycling. The collectors can bring the plastic they collect to the center and receive digital tokens in exchange.

THE VOLUNTEERS

President of Singapore promises more opportunities for senior volunteers. President Halimah Yacob announced yesterday that the newly appointed National Centre of Excellence in Senior Volunteerism, RSVP Singapore, will reach out to more of those in their mid-50 and 60’s to encourage them to volunteer with local charities and other organizations such as hospitals. Currently, about 60% of the organization’s 2,500 senior volunteers are in their mid-50 and 60’s. The organization will tailor its programs to suit the group of volunteers. “Some are likely to be IT savvy, higher educated, and have a stable income…, so we need to curate different programs to suit them,” said chairman Koh Juay Meng.

Empress Michiko’s proactive involvement in society. The article spotlights Japanese Empress Michiko’s contributions to society and passion for helping the disadvantaged. From promoting Braille translations of music to serving as the honorary president of the Japanese Red Cross Society, Empress Michiko has gradually expanded her commitment to society. Her involvement in society is part of the Japanese royal family’s often publicly stated role of acting as the symbol of the state and unity of the Japanese people.

THE TRUSTBREAKERS 

Chinese Apple Watch supplier under fire for “forcing students to work like robots.” Apple is investigating a factory in Southwest China after a labor rights group claimed that the technology giant’s supplier forced student workers to work “like robots” to assemble the Apple Watch. The Chongqing factory is operated by Quanta Computer, a Taiwanese electronics manufacturer. According to an investigation by the Hong Kong-based nonprofit organization, Students and Scholars Against Corporate Misbehavior (SACOM), many were forced to work to get their vocational degrees and had to do night shifts. These students were made to work under the guise of an internship. “Our graduation certificate will be withheld by the school if we refuse to come,” said one student majoring in e-commerce, according to SACOM.