Who’s Doing Good

29 September 2020 - 12 October 2020
The Doing Good Index interactive site is now live! Packed with data from 18 Asian economies, the Doing Good Index 2020 studies the environment in which private capital meets societal needs. You can now compare how one economy performs against the Asia average, or even another economy, across four areas: Regulations, Tax and Fiscal Policy, Ecosystem, and Procurement. Please visit: doinggoodindex.caps.orgAs Covid-19 increases the imperative for the public, private, and social sectors to work together to rebuild a stronger and more equitable Asia, the Doing Good Index shows who can do what.

THE GIVERS

Raymond Roy Wong, Hong Kong’s ‘godfather of journalism’, donates HK$50 million (US$6.45 million) to Baptist University school of communication. The donation will be used to establish the Dorothy Shen Wong Memorial Fund, in honor of Wong’s late wife. The fund will support the teaching of media ethics, help advance practicing journalists, and provide scholarships for outstanding journalism students. The donation will also go towards setting up the first-ever Endowed Professorship in Media Ethics and Professional Journalism Fellowship at the university, alongside scholarships for students to acquire global exposure in the journalism field. Wong’s donation is the biggest single donation the school has received to date.

In the Philippines, tax perks await donors of computers and supplies to public schools. With schools having to transition to blended learning and online classes during Covid-19, donations of needed technology to public schools will now be rewarded with tax deductions. These new tax perks under the Bayanihan to Recover as One Act will be applied to donations of personal computers, laptops, tablets, mobile phones, printers, and other similar equipment. During the implementation period of the Bayanihan 2 Law (September 15 to December 19, 2020), corporate and individual donors will qualify for deductions from their gross income equivalent to the amount of donation. Further, the Bureau of Internal Revenue said that foreign donations will be exempt from value-added tax (VAT) as well as the requirement for ‘authority to release imported goods’ (ATRIG) to speed up the distribution of donations.

THE BUSINESSES

Companies in the Philippines are stepping up to support distance learning during Covid-19. Coca-Cola Philippines donated 200 desktop computers to its employees to support distance learning for their children during the pandemic. Gokongwei Brothers Foundation and Robinson’s Land Corporation donated 50 desktop computers and 10 laptops to Pasig City to support the local government unit’s fight against Covid-19. PLDT, its subsidiary Smart Communications, and PLDT Enterprise have teamed up with over a hundred schools, colleges, and universities nationwide, as well as Microsoft and Google, to make connectivity and digital solutions more accessible to the education sector. This includes discounted PLDT Home Wifi and Smart Bro Pocket Wifi units, pre-loaded 5G-ready SIM cards, and software licenses, among other digital solutions.

Philippine conglomerate Ayala closes new VC fund at US$180 million. Ayala Corporation’s new global venture capital fund is now the largest VC fund to emerge out of the Philippines. The Active Fund—short for Ayala Corporation Technology Innovation Venture—plans to inject between US$2 million to US$10 million into global startups in their series A to series D stages. The Fund will focus on fintech, ecommerce, construction tech, and proptech ventures, as well as companies aiming to solve urban city issues in Asia. The fund will be managed by Kickstart Ventures, a subsidiary of Globe Telecom.

Sony doubles down on ESG goals amid coronavirus pandemic. Last year, Sony adopted an official mandate to increase its focus on environmental, social, and governance (ESG) factors and be an active stakeholder in the global community. During Covid-19, Sony has accelerated its ESG initiatives, including the launch of its own US$100 million fund for Covid-19 relief efforts in March. In addition to donating to education—such as supplying free programming learning kits in Japan, China, and the United States—the company has also deployed funds to aid those in the music industry. As part of its environmental initiatives, Sony has set up a separate fund to support startups developing environmental technologies, with plans to invest US$9.46 million over the course of the next three to five years. Alongside these and other ESG efforts, the company also aims to achieve a “zero environmental footprint” by 2050.

NagaWorld Kind Hearts donates US$2 million to Water Wells Foundation. NagaWorld Kind Hearts, the corporate social responsibility (CSR) arm of NagaWorld, Cambodia’s largest hotel and gaming resort, announced a US$2 million donation to the Water Wells Foundation. This donation is NagaWorld’s answer to the Royal Government’s call for assistance in the sustainable rural development of Cambodia. Since 2014, NagaWorld Kind Hearts has conducted a range of CSR activities in Cambodia focused on education enhancement, community engagement, sports development, and environmental care, as well as aiding the government’s Covid-19 relief efforts over the past year.

THE INNOVATORS

Indonesia may have quietly beaten dengue fever. Indonesian researchers have quietly achieved a major breakthrough that could lead to the elimination of dengue fever—a mosquito-borne disease that affects around 8 million Indonesians per year. Working with the Tahija Foundation and Jogjakarta’s Gadja Mahda University, the World Mosquito Program has made stunning strides in efforts to reduce incidences of dengue in parts of Indonesia. This article details how trials in Jogjakarta have successfully increased the percentage of mosquitos with Wolbachia, which can help block the transmission of dengue and other viruses like zika, chikungunya, and yellow fever. This development is timely as Indonesia’s Health Ministry reported in June 2020 that 400 cities and districts across the country have recorded cases of double infection, where dengue and Covid-19 have occurred together in one patient.

Bridging the food waste and food insecurity gap: how Singaporeans are doing their part. Singapore’s food waste has risen by one fifth in the last decade, yet many remain without access to nutritious meals. This article highlights some recent innovations—from virtual food banking apps to social enterprise cloud kitchens—and how government, businesses, and nonprofits are coming together to ensure quality food donations and efficient distribution. These innovations and collaborations are also giving a boost to struggling sectors of the economy, such as the F&B industry. New sources of funding are also emerging in this area: DBS Foundation introduced a new Zero Food Waste category to its grant program this year and the government’s National Environment Agency announced a SG$1.76 million (approximately US$1.3 million) Food Waste Fund to cover the cost of implementing food waste treatment solutions for local organizations.

IN OTHER NEWS…

Tencent’s 9/9 Charity Day breaks fundraising records once again, but gains are unequally distributed. The year’s 9/9 Charity Day raised a record-breaking total of nearly US$450 million in donations. However, a recent report by the Charity Forum found that one-third of the total donations went to four big organizations—the Chongqing Charity Federation, China Charities Aid Foundation for Children, and Henan and Shaanxi provincial charity federations—all of which are organized and backed by the state. This leaves hundreds of smaller nonprofits and grassroots organizations competing for the remaining donations. Another report by Sixth Tone also raises the concern that after years of competing with these charity giants, some smaller nonprofits have ceased to participate at all.

We’d also like to hear from you. How is your organization responding to Covid-19? Email us your stories at research@caps.org

Who’s Doing Good

15 September 2020 - 28 September 2020

THE GIVERS

Philanthropists in Indonesia rally to support arts during crisis. Indonesia’s philanthropists are calling upon their peers to support the arts during Covid-19, pointing to the creative industry’s role in propping up regional economies across the country. However, Indonesian Arts Coalition board executive Linda Hoemar Abidin points out that there are a number of regulatory bottlenecks that prevent corporate and individual philanthropists from donating to the sector. One example is that only up to 5% of corporate income is eligible for tax deductions for charitable donations. CAPS’ Doing Good Index 2020 found that Indonesia has one of the lowest limits on eligible income, virtually cancelling out the incentivizing effect of tax deductions. The former finance minister suggested allowing wider tax breaks as part of the government’s super deduction tax program—issued last year—to encourage businesses and philanthropists to fund the creative industry. The super tax deduction initiative offers a major tax cut of up to 300% aimed at boosting investment, research and development, and the participation of businesses in improving Indonesia’s human resources.

Hong Kong’s richest man steps up donations amid downturn. Li Ka-shing’s charity is donating HK$170 million (US$22 million) to four local universities to further aid the city, which has been battered by political turmoil, Covid-19, and an economic downturn. The donation will be used to help establish biochemistry, biomedical, and sustainable technology research facilities, as well as artificial intelligence learning and teaching solutions. In a statement from the charity, Li said that he made the donation “to advance education excellence amidst uncertainties.” Li has already given away at least US$206 million in the past year to local universities, small businesses, and medical services in Hong Kong amidst the Covid-19 pandemic.

Tencent co-founder Charles Chen’s Yidan Prize unveils 2020 award winners. The Yidan Prize Foundation, a global philanthropic education foundation set up by Charles Chen, announced the winners of its 2020 Yidan Prize. The prize recognizes individuals and teams who have contributed significantly to education research and education development. This year the Yidan Prize for Education Research will be awarded to Stanford University Professor Carl Weiman. The Yidan Prize for Education Development will be awarded to Lucy Lake and Angeline Murimirwa from the Campaign for Female Education. Charles Chen lauded the laureates in a statement, “The outstanding achievements and commitment of this year’s laureates demonstrate that in a post-pandemic world, education continues to be of vital importance to solving future problems and creating positive change in individuals, communities, and the environment.” 

THE BUSINESSES

Walmart Foundation announces two new grants to help India’s smallholder farmers. The philanthropy arm of retail giant Walmart announced two new grants totaling US$4.5 million to help improve farmer livelihoods in India. Specifically, the grants will help two NGOs, Tanager and PRADAN, to scale their efforts in helping farmers. Tanager will receiver over US$2.6 million to extend its Farmer Market Readiness Program and help farmers in Andhra Pradesh. PRADAN will receive US$1.9 million to launch its Livelihood Enhancement through Market Access and Women Empowerment (LEAP) program in West Bengal, Odisha, and Jharkhand in eastern India. These two grants are part of a commitment Walmart made in September 2018 to invest US$25 million over five years for improving farmer livelihoods in India. 

Citi steps up its commitment to youth employment, skills development, and innovation across Asia Pacific. Citi and the Citi Foundation will collectively invest US$35 million in philanthropic contributions and grants by 2023 to improve the employability of youth from low-income and underserved communities in Asia. The bank will also offer 6,000 jobs and 60,000 skills training opportunities for young people at Citi Asia over the next three years. This regional commitment is part of Citi’s expanded global “Pathways to Progress” initiative, which is designed to equip young people with the skills and confidence to improve their employment and entrepreneurship opportunities and make a positive impact in their communities.

Swire Group’s “TrustTomorrow” pledges HK$14 million (approximately US$2 million) for community funding. The TrustTomorrow initiative will fund relief support, benefitting over 100,000 people in Hong Kong through 85 organizations. The initiative aims to support vulnerable groups most affected by the pandemic through efforts focused on food, hygiene, family wellbeing, and social capital. The initiative will also focus on strengthening NGOs during the pandemic by offering in-depth auditing to evaluate where they stand in terms of their digital strategy and what gaps to fill to strengthen their services and operations. TrustTomorrow is larger than just pandemic relief efforts though: the long-term vision of the program is to bring lasting benefits and opportunities to “build a better tomorrow for Hong Kong”. This includes supporting areas such as education, marine conservation, and the arts.

Singapore sovereign wealth fund Temasek invests in sustainable water fund. A clean-water venture capital fund from clean technology investor Emerald Technology Ventures has attracted US$100 million in commitments. Singapore’s sovereign wealth fund Temasek is the cornerstone investor, joined by Microsoft, water technology firm SKion Water, water provider Ecolab, and others. The fund is also supported by Enterprise Singapore, a government agency. The fund will invest in early- to expansion-stage businesses that address water challenges around the world. This includes financing technologies that conserve water resources, support sustainable cities, improve resource efficiency, adapt to climate change, and reduce health risks. Emerald Technology Ventures is expanding in the Asia-Pacific region. It opened a Singapore office last year to house a water technology incubator to support local companies.

THE NONPROFITS

Singapore to help charities go digital, boost transparency. Singapore plans to roll out three initiatives later this year to help charities strengthen their digital capability, regulatory compliance, and transparency. First, the Charities GoDigital Kit will be launched to help charities build their digital capacity during the Covid-19 pandemic. Second, the Ministry of Culture, Community and Youth will revise and publish a new transparency framework that helps charities of different sizes define their policy and approach to transparency—ultimately helping them build trust with donors and stakeholders. Third, the Institute of Singapore Chartered Accountants, Law Society Pro Bono Services, and Shared Services for Charities have been added to a list of partners who help charities in Singapore access IT solutions, recruit talent, and file annual reports and financial statements at low or no cost. Offering these shared services will help enable charities to be more transparent and productive by allowing them to outsource this work and focus on their activities and programs.

IN OTHER NEWS…

Amnesty suspends India operations after accounts are frozen. Financial Times reports on how Amnesty International is suspending its operations in India after the government has frozen its bank account. Amnesty has had to halt its work and lay off 140 Indian staff members. The Enforcement Directorate, the agency responsible for freezing Amnesty’s bank accounts, has yet to make a statement.

FCRA amendments hurt India’s development and democracy. In her op-ed for Bloomberg, Ingrid Srinath, founding director of the Centre for Social Impact and Philanthropy at Ashoka University, discusses how amendments to India’s Foreign Contribution Regulation Act (FCRA) pose potential hazards to development and democracy in India. Srinath focuses on four of the proposed amendments: the ban on regranting FCRA funds to other FCRA registered organizations; the 20% cap on ‘overhead’ spending; the requirement to provide Aadhaar details of board members and senior functionaries; and the mandate to route all FCRA funds through the State Bank of India, New Delhi. She warns how these amendments could hinder collaboration—a cornerstone of India’s Covid-19 relief efforts—as well as talent recruitment, innovation, and impact measurement in the sector. These amendments will also increase the regulatory burden for social sector organizations, therefore disadvantaging smaller, rural, and grassroots nonprofits. Noshir Dadrawala at the Centre for Advancement of Philanthropy also explains the proposed changes in more detail in this article. CAPS’ Doing Good Index 2020 also found that growing oversight of nonprofits receiving foreign funding is having a dampening effect on the sector. 

We’d also like to hear from you. How is your organization responding to Covid-19? Email us your stories at research@caps.org

Doing Good Index 2020 (日本語, Japanese)

アジアのソーシャルセクターのプロフィールと進むべき道

Doing Good Indexは、民間資金と社会的ニーズに関する社会状況に関する調査です。調査では、個人・団体のいわば思いつきの寄付から、ソーシャルセクターに対する組織的で戦略的な投資へ移行するための重要な成功要因を紹介します。データに基づいた洞察によって、フィランソロピーやインパクト投資、また他の民間の社会的投資を可能にするインフラ強化、そして究極的にはより包摂的で持続可能なアジアの未来に向けての道筋を示します。

Who’s Doing Good

01 September 2020 - 14 September 2020

THE GIVERS

Charitable bequests on the rise in Japan. Data disclosed by the National Tax Agency show that charitable bequests are on the rise in Japan with US$440 million donated in 2018, compared to US$58 million in 2010. CAPS’ Doing Good Index 2020 highlights how Japan, Korea, Taiwan, and the Philippines stand out as the few economies in Asia that offer tax incentives for giving upon death in the form of charitable bequests. According to a survey by the Japan Succession Donation Association, 22.9% of respondents, ages 50-70, said they have considered making a charitable bequest upon death. However, challenges remain as only 1.2% of respondents said they have taken steps to make a bequest by writing a will or through other means.

Asian families shift priorities to community Covid relief. This article highlights how some family offices in Asia are switching their priorities for their impact investments towards supporting local communities impacted by the pandemic. Covid-19 has compelled some family offices to ‘double down’ on their funding efforts, as well as spurred greater collaboration between like-minded family offices. This includes new efforts to support social enterprises, such as the Community Resilience Fund in Hong Kong that provides liquidity support for social enterprises and helps them adapt and continue to support their local community. The Fund was initiated in March 2020 under the auspices of Hong Kong family office RS Group and Social Ventures Hong Kong (SVHK), and it is jointly operated by the Sustainable Finance Initiative.

THE BUSINESSES

This year’s “99 Giving Day” breaks record for China internet charity platform by Tencent. Since its establishment in 2015, “99 Giving Day” is considered the most popular annual charity festival in China, jointly initiated by Tencent Charity Foundation and thousands of other charity organizations, enterprises, celebrities, and media. With the theme of “Together We Can,” this year’s event raised a total donation of ¥3.044 billion (nearly US$500 million). More than 5,780 donors, 500 institutions, and 10,000 enterprises participated in the campaign, which broke the record for online giving in China. This year’s event also featured new tools to address transparency and challenges amidst Covid-19, such as charity consumption coupons and blockchain technology, amongst other new initiatives. Also, Tencent Charity Foundation announced that this year it would invest ¥399.9 million (nearly US$60 million) in matching donations.

Alibaba Group launches fourth annual Philanthropy Week with a series of initiatives designed to make giving easier and more transparent. The event featured close to 100 online and offline philanthropic activities, from ensuring nutritious meals reach impoverished children in China to promoting environmental awareness through recycling programs. To increase transparency and encourage donors to give confidently, all contributions are fully trackable with Alibaba’s “Charities on the Chain” solution, which was developed with Ant Group’s blockchain team so that users can see exactly where their donations are going and how they are being used. 

Ayala chief: Malls should provide more services to tenants. CEO of Ayala Corp Jaime Augusto Zobel de Ayala said that mall operators need to adapt during Covid-19 and provide more services to help their tenants whose businesses have been adversely affected by the pandemic. Ayala notes that these added services could come in the form of logistics support or more storage space for their tenants’ stocks as online shopping grows in popularity. For example, last month Ayala Malls launched its online Neighborhood Assistant service, which allows customers to shop via the website of their nearest Ayala Mall. SM Prime Holdings, the country’s biggest mall operator, also stated that it was investing PHP 100 million (approximately US$2 million) on expanding its e-commerce presence.

UOB’s private equity arm achieves impact milestone. UOB Venture Management has issued its disclosure statement on the Operating Principles for Impact Management, making it the first Southeast Asian signatory of the Impact Principles (initiated by the World Bank Group), according to the bank. The firm has also recently obtained verification from Ernst & Young for its Asia Impact Investment Fund’s alignment with the principles. Launched in 2015 together with Credit Suisse, the US$55 million fund invests in high-growth companies from the education, healthcare, and agriculture sectors in Southeast Asia and China, which help to improve financial inclusion, affordable housing, sanitation, clean energy, and water for the region’s low-income communities.

Marina Bay Sands, Singapore Red Cross, and local social enterprise team up to create clean and green care kits for migrant workers and low-income families. More than 300 Marina Bay Sands staff from over 40 departments packed 10,000 care kits in partnership with social enterprise Clean the World Asia and the Singapore Red Cross. Each kit contains essential items such as soap bars and soap bags, hand sanitizer, shampoo, hair conditioner, and surgical face masks. The soap bars are made from discarded soap from Marina Bay Sands’ premises and processed with the help of Clean the World Asia’s soap recycling facilities. The kits will be distributed to beneficiaries of the Singapore Red Cross, including the migrant worker community and low-income families.

THE INNOVATORS

MaGIC and Lazada Malaysia team up to promote social enterprise products. The Malaysian Global Innovation & Creativity Centre (MaGIC) has partnered with e-commerce platform Lazada Malaysia to onboard and promote the products and services of social enterprises registered with MaGIC. As part of the #buyforimapct campaign, Lazada will subsidize the online startup costs for social enterprises selected by MaGIC and promote their products and services. Since early August 2020, Malaysians have been able to purchase products made by social enterprises on Lazada via its #buyforimpact page. Throughout September, the campaign will run weekly features of social enterprises championing various causes. Additionally, the campaign will run Demo Days for aspiring social enterprises to showcase their budding businesses to funding agencies and potential investors.

Japan and India team up to help emerging nations go digital. Japan and India will work with technology companies to build platforms that help emerging nations put government services online. The initiative will take inspiration from New Delhi’s online system, which allowed for quick distribution of Covid-19 assistance. Japan’s trade ministry will enlist domestic businesses for the project, and Indian engineers will grant licenses that permit Japanese companies to land contracts for digital platforms from other countries. Japan’s government, which lags in digitizing its systems, also plans to use the knowledge gained from the partnership to advance its own digitization efforts.

We’d also like to hear from you. How is your organization responding to Covid-19? Email us your stories at research@caps.org

Webinar: Asia Society Hong Kong Center Program Charting the Path Forward

Catching the world unaware, Covid-19 has sent the global economy and the lives of billions into a tailspin. In the wake of this pandemic, the public, private, and social sectors must come together to work towards a stronger and more equitable Asia as we build our way out of this crisis. At a time when foreign funding is declining across the region, “Asia for Asia” philanthropy must fill the gap—and the Doing Good Index shows how.

CAPS’ Co-Founder and Chief Executive Ruth Shapiro and Director of Research Mehvesh Mumtaz Ahmed present the key findings of the index and showcase how governments, philanthropists, companies and the social sector can work together for mutual benefit. This discussion was moderated by Ronnie C. Chan, Co-Founder and Chairman of CAPS and Chairman of Asia Society Hong Kong Center.

Who’s Doing Good

03 August 2020 - 17 August 2020

THE GIVERS

Charitable funds boost donation in a tough year for giving. Straits Times highlights how more wealthy people in Singapore are setting up charitable funds that give at least six-figure sums to charities. According to this article, there were 143 donor-advised funds set up with the Community Foundation of Singapore during the financial year ending in March 2020. Despite many donors tightening their belts during Covid-19, these charitable funds disbursed SG$20.2 million (approximately US$15 million) during that year.

THE NONPROFITS

Hong Kong organizations hoping charity begins at home as economic crunch sees donations dry up. The impact of last year’s civil unrest and Covid-19 has left many Hong Kong charities on the brink of collapse. South China Morning Post spotlights Hong Kong foundations that are stepping in to meet the demand for funding. One example includes Jennifer Chen, CEO of Chen Yet-Sen Family Foundation, who is leading a campaign called “Bridge the Gap”. The initiative calls on residents to donate all or part of their HK$10,000 (approximately US$1,300) government relief payout to NGOs in need. The Chen Yet-Sen Family Foundation, Fu Tak Iam Foundation, and The Hong Kong Club Foundation will match these public donations up to specified amounts for at least 25 local organizations in need.

A call to digitize Bangladesh’s NGO Affairs Bureau. In this op-ed, associates of The Legal Circle in Bangladesh argue that the government should take immediate measures to digitize the registration process for NGOs. CAPS’ Doing Good Index 2020 found that Bangladesh has one of the longest and most complex registration procedures in Asia. According to this article, there is a severe backlog of registrations, in part due to the influx of NGOs responding to the Rohingya refugee crisis. This backlog is expected to get worse with the Covid-19 pandemic. Digitizing the registration process, they argue, is not only aligned with the government’s vision of a ‘Digital Bangladesh’, but it will also allow NGOs to set up more efficiently and help the country re-build after the crisis.

THE BUSINESSES

Capital markets lawyers sharpen impact investing skills. Financial Times highlights how pro bono work in Asia is evolving to embrace new areas of legal expertise, even as Covid-19 restrictions limit traditional pro bono work. This article argues that a longer-term shift towards impact investing—as well as an urgent need for funding in the NGO sector—provides lawyers with an opportunity to contribute their legal expertise in capital markets. The article cites the example of lawyers working pro bono on Impact Investment Exchange’s Women’s Livelihood Bond deal. Since deals in the impact investing space tend to raise smaller sums, legal services priced at market rates would mean very high fees relative to the deal size. Pro bono legal services offer an opportunity to help get this new market off the ground.

Huawei begins ‘Seeds for the Future 2020’ in Bangladesh. Huawei’s flagship CSR program ‘Seeds for the Future’ aims to develop global ICT (information and communication technology) talent by bridging the gap between academic and industry knowledge. The program is part of the company’s long-term CSR activity dedicated to STEM (science, technology, engineering, and mathematics) and ICT students worldwide. Seeds for the Future has benefitted over 30,000 students around the world, and has recently expanded to Bangladesh. The program aims to help the country achieve its ‘Vision of Digital Bangladesh 2021’ plan by equipping youth with ICT skills that will help them innovate local solutions for local needs.

Mi India pledges 2,500 smartphones worth Rs 2 crores (approximately US$300,000) towards digital inclusion. In addition to recent initiatives to help over 200,000 families affected by Covid-19 and 10,000 families impacted by Cyclone Amphan, Mi India announced a new donation of 2,500 smartphones to students in need. Mi India has partnered with Teach For India, which has shifted to blended learning during India’s lockdown, to distribute phones to children from under-resourced communities and help them access online classes.

THE INNOVATORS

Four lessons for launching a social enterprise. In Stanford Social Innovation Review, the founder and team members of Mauqa Online share their lessons from launching and expanding their social enterprise in Pakistan. By sharing what they wish they had done differently at certain points of growth, they hope to help the next wave of social entrepreneurs. Ultimately, they encourage social entrepreneurs to use the enterprise’s social mission to help guide decision making along the way.

We’d also like to hear from you. How is your organization responding to Covid-19? Email us your stories at research@caps.org

Who’s Doing Good

06 July 2020 - 19 July 2020

THE GIVERS

Renowned filmmakers Wong Kar-Wai, Peter Chan Ho-sun, and Derek Yee pledge US$33.5 million to help revive the Hong Kong Film Industry. The donation will go to Hong Kong’s new Directors’ Succession Scheme, a government-funded initiative to boost the local film industry after Covid-19. The directors have pledged to pass on their skills and experience to the next generation, and they will be pairing up with promising local filmmakers to co-produce films during this uncertain time.

THE THINKERS

Read more about CAPS’ Doing Good Index 2020 in the Myanmar Times, “Myanmar moves up in Doing Good Index 2020,” and in Arthikpati (Nepali), “डुइङ गुड इन्डेक्स २०२० सार्वजनिक, च्यारिटी∕डोनेशनका लागि राम्रो वातावरण हुनेमा सिगापुर र ताइवान.” Listen to Money FM’s interview with CAPS’ Chief Executive Ruth Shapiro, where she discusses the index and a rising trend of cross-sector collaboration across Asia.

New report: Gender Lens Investing Landscape – East and Southeast Asia. The Sasakawa Peace Foundation, in partnership with Catalyst at Large and Sagana, launched the region’s first landscape of gender lends investing (GLI) investment vehicles in both public and private markets. The report aims to track the size and state of the gender lends investing market in Asia over time.

New report: Sustainable Investing Review 2020. According to Standard Chartered’s latest report, Sustainable Investing Review 2020, sustainable investment is on the rise in Asia. 90% of investors in the region said they are interested in sustainable investment and plan to invest 5-10% of their funds in this area. Yet, the report also highlights the need for more awareness and information regarding ESG solutions, as many affluent and high-net-worth investors in the region are still apprehensive about sustainable investing.

THE BUSINESSES

H&M Foundation to support female garment workers in Bangladesh. The Foundation will donate US$1.3 million to provide emergency relief to an estimated 76,000 young women and their families in the greater Dhaka area amidst Covid-19. The funds will be distributed to WaterAid, CARE, and Save the Children. In response to the devastation of the textile industry caused by Covid-19, H&M foundation has also pledged long-term upskilling, re-skilling, digital literacy, and entrepreneurship initiatives to help enhance the employability of female textile workers.

Wadhwani Foundation commits Rs 200 crore (approximately US$27 million) for social development programs amidst Covid-19. The Foundation announced the Sahayata Initiative to help distressed small and medium enterprises affected by Covid-19 as well as to help public health workers improve their Covid-19 knowledge and skills. The initiative consists of three programs: the Sahayata Business Stability program, the Sahayata Covid-19 Skilling program, and the Sahayata Public Health Innovation program.

Shangri-La partners with Diversey to upcycle 12,500 kg of hotel linen into face masks for the vulnerable. 21 participating Shangri-La hotels in Southeast Asia and Sri Lanka joined the initiative Linens for Life Face Masks, together with Diversey, a global hygiene solutions provider. The hotel linens have been upcycled into half a million reusable face masks by local nonprofits in the region. The masks will be distributed to local communities in need, such as refugees and asylum seekers in Bangkok, Thailand and orphanages in Johor Bahru, Malaysia.

A joint CSR program in Malaysia to benefit 500 schools nationwide. This program by Green Packet’s subsidiary KiplePay and the Malaysia Xiang Lian Youth Association Charity and Education Fund will create an end-to-end digital experience for 500 schools. This initiative comes in response to Covid-19 which was “a wake-up call for schools to seriously consider putting in place technologically advanced protection systems that can continue to protect school children, even after the Covid-19 pandemic.”

Johnson Controls–Hitachi Air Conditioning India to train rural youth across the country. Recently, India’s Prime Minister cited air conditioning as a priority sector in the government’s push to generate jobs. As part of its ‘Unlocking Skills’ CSR initiative, Johnson Controls-Hitachi Air Conditioning India will expand skill development for the air conditioner and refrigeration industry amidst the Covid-19 pandemic. The company will leverage its trainers, specially designed curriculum, and its six skill development centers in Andhra Pradesh and Gujarat to train rural youth via a virtual platform.

Companies continue to give to Covid-19 relief efforts. In Malaysia, Tropicana and Top Glove have jointly announced a donation of RM1.8 million (approximately US$500,000) worth of medical equipment and supplies to the Ministry of Health Malaysia. In India, Hyundai Mobis donated Rs3.5 crore (approximately US$500,000), with Rs 0.5 crore going to the PM CARES Fund and Rs3 crore to distributing masks and sanitizers through a local nonprofit.

We’d also like to hear from you. How is your organization responding to Covid-19? Email us your stories at research@caps.org

Interview: Ruth Shapiro on the Doing Good Index 2020

CAPS’ Co-Founder and Chief Executive Ruth Shapiro shares insights from the second edition of the biennial Doing Good Index, launched in June 2020.

 

Insights with Mehvesh Mumtaz Ahmed: Doing Good Index 2020

CAPS’ Director of Research Mehvesh Mumtaz Ahmed shares insights from the second edition of the biennial Doing Good Index, launched in June 2020.

Webinar: Doing Good Index 2020

Profiling Asia's Social Sector: The Path Forward

The Centre for Asian Philanthropy and Society (CAPS) introduces its second edition of the Doing Good Index (DGI). Hear from Dr. Ruth Shapiro, Co-Founder and Chief Executive, and Mehvesh Mumtaz Ahmed, Director of Research at CAPS, as they present key findings from the DGI2020 and showcase how governments, philanthropists, companies and the social sector can work together for mutual benefit. During the webinar, learn which factors enable or hinder private social investment across 18 countries and territories in Asia.