CAPS Spotlight: Who’s Doing Good

27 October 2021 – 09 November 2021

COP26 spurs increase in partnerships for climate action. The Climate Finance Leadership Initiative India announced its nine founding members ahead of the climate conference, which include Tata Sons, State Bank of India, Larsen & Toubro, HDFC Bank, Kotak Mahindra Bank, HSBC and Singapore’s GIC Private Limited. The initiative will focus efforts on accelerating the flow of private finance to climate actions in India.

In addition, the Bezos Earth Fund pledged US$500 million in seed capital to The Global Energy Alliance for People and Planet, to bring renewable energy to 1 billion of the world’s poorest. The alliance aims to increase this to US$100 billion within a decade by leveraging both multilateral and private capital, reports the Financial Times. Initial projects will target economies in Asia (India, Indonesia, Vietnam and Pakistan), as well as Africa and Latin America. And Bill Gates reflects on the significance of COP26 and the shifts in the role that the private sector can play in combating environmental challenges.

Azim Premji tops the 2021 EdelGive Hurun India Philanthropy List. Premji’s family increased their giving by 27% compared to last year, reports India Today. Nine women were featured on the list, including nonprofit founder Rohini Nilekani, who was named India’s “most generous woman philanthropist”. CAPS spoke with Rohini earlier in the year about her push for water and education philanthropy in India. Continue reading in India Today →

Asian billionaires are donating big to support higher education. Nguyen Thi Phuong Thao, the founder of Vietjet and Vietnam’s wealthiest woman, donates £155 million (approximately US$211 million) to Oxford college. Her donation, the largest received by Oxford in at least 500 years, will see Linacre College renamed “Thao College”, reports The Guardian. Indonesian entrepreneur Tandean Rustandy makes a US$1.25 million donation to the University of Colorado, Boulder. The major gift from the founder of ceramic tiles business PT Arwana Citramulia Tbk will support scholarships that link business and engineering studies.

India’s first Skills Impact Bond launches, set to benefit 50,000 youths over the next four years. The US$14.4 million fund is a collaboration between the National Skill Development Corporation and a coalition of global philanthropic, corporate and government partners. Partners will work to promote effective interventions, support research and enhance the impact of the skill development program. Women and girls, who have been disproportionately impacted by the pandemic, will constitute 60% of the target group, reports The Times of IndiaContinue reading in The Times of India →

Green and sustainable finance continues to gain traction in Asia. Singapore-headquartered Tembusu Partners and Eco Business launch the Sustainable Future Fund. The targeted US$100 million, Asia-focused fund will invest in climate opportunity areas including energy, sustainable cities and the circular economy. Thailand’s Indorama Ventures issues a US$300 million sustainability-linked bond. The bond will be the largest of its kind issued in Thailand, according to The Asset. Indorama says the bond is aligned with international standards and will be made available to both institutional and high-net worth individual investors.

Have a story to share? Contact us at research@caps.org.

The Advance of Impact Investing in South East Asia

Investing in Women

This report identifies trends in impact investing and gender lens investing in Southeast Asia. It builds on the 2018 report, The Landscape for Impact Investing in Southeast Asia, with updated data on impact investing deals and capital for the period 2017-2019. Indonesia, the Philippines and Vietnam together possess over half of the region’s impact investing deals. Despite growing markedly during the study period, challenges remain in scaling up gender lens investments. Covid-19 brings additional uncertainty, although it could drive an increase in in-country partnerships and co-investments. Read it here.

Bridging the Talent Gap: A Study on Talent Development in the Philanthropy and Non-Profit Sector

Asia Philanthropy Circle (APC)

This report shines a spotlight on the talent deficit in philanthropy and social sector leadership in Asia. The dearth in talent can limit the ability of the sector to grow when there is insufficient leadership behind it. Recommendations for how challenges in recruitment, integration and retention of talent can be mitigated are discussed. The report draws from 20 interviews conducted in five Southeast Asian countries: Indonesia, Malaysia, Philippines, Singapore and Thailand. Read it here.

Overview of Social Finance in Indonesia

AlliedCrowds & UNDP

This report analyzes the growing social entrepreneurship ecosystem in Indonesia. It details various factors that drive the social enterprise movement, from its startup-friendly culture to a supportive ecosystem, while noting the funding and market access challenges that young social enterprises face. The report also highlights the sectors where social enterprises are needed most, and gives preliminary recommendations on how to grow the country’s social entrepreneurship landscape. Read it here.

CAPS Spotlight: Who’s Doing Good

21 July 2021 - 3 August 2021

Philanthropists, corporates and the social sector donate to flood relief in Henan Province. China’s largest tech companies, including Tencent Holdings, Alibaba Group Holdings, Meituan, ByteDance and others, announced donations amounting to nearly ¥1 billion (US$154 million). State owned enterprises donated ¥686 million (approximately US$106 million).

Foundations and nonprofits also stepped up, including the Chinese Red Cross FoundationChina Siyuan Foundation for Poverty AlleviationLi Ka Shing Foundation and AmCham ChinaReuters reported that donations nearing US$300 million flowed to the flood-hit region.

Alibaba founder Jack Ma tops the 2021 Forbes China Philanthropy List. Ma and Hangzhou-based Alibaba made combined cash donations of ¥3.2 billion (approximately US$493.4 million) in 2020. The top 100 philanthropists donated a total of ¥24.5 billion (approximately US$3.79 billion)—a 37% increase from the preceding year. Continue reading in the South China Morning Post 

Sasakawa Peace Foundation commits US$5 million to supporting female entrepreneurs in Southeast Asia. The capital will be invested in Beacon Fund, an investment firm working with women-owned and women-focused enterprises. It will add momentum and help build the gender lens investing ecosystem in the region. Continue reading on Sasakawa Peace Foundation’s website 

Google.org commits US$7.5 million in grants and other support to help alleviate the current pandemic crisis in six Asian economies. US$1.5 million will go to UNICEF and support urgent needs in Pakistan, Thailand, Malaysia, Vietnam and the Philippines. US$1 million will go to the International Federation of Red Cross and Red Crescent Societies (IFRC) to address needs in Indonesia. US$5 million worth of Ad Grants will go to local government agencies and organizations across Southeast Asia to run public health information campaigns for free. Continue reading on UNICEF’s website →

United In Diversity (UID) Foundation and Gajah Tunggal Group donate 2,000 tons of liquid oxygen to fight Indonesia’s surge in Covid-19 cases. The donation was made to the Ministry of Health and will be distributed to hospitals experiencing oxygen shortages. Continue reading in Antara News →

LGT Private Banking launches first impact fund. US$900 million worth of investments will be made in rapidly growing, innovative and sustainable businesses in India, Europe and Latin America. Most of the investments will be in sectors such as education, healthcare, sustainable food and agriculture, renewable energy, fintech and others. Continue reading on LGT’s website →

Have a story to share? Contact us at research@caps.org.

CAPS Spotlight: Who’s Doing Good

07 July 2021 - 20 July 2021

Wipro commits an additional ₹1,000 crore (approximately US$134 million) of grants for Covid-19 relief. These funds will focus on universal vaccinations and build on the company’s donation of ₹1,125 crore (approximately US$150 million) in the early days of the pandemic. Wipro’s founder and chairman Azim Premji has been recognized as one of the world’s leading donors in Covid-19 relief efforts. Continue reading in The Times of India →

Corporates and foundations are pooling resources to support relief efforts as Southeast Asia’s Covid-19 infections surge. To aid relief in Indonesia, Temasek FoundationTanoto FoundationBakti Barito FoundationDBS Bank and a dozen other businesses are coordinating the sourcing and shipments of 11,000 oxygen concentrators. Indonesia’s largest tech company GoTo is leading efforts to develop a facility that will provide an uninterrupted oxygen supply directly from a production plant in East Jakarta, addressing severe shortages in hospitals. The Indonesian embassy in Singapore is also collecting donations and medical supplies from the Indonesian expat community with a target of raising US$1 million, half of which have been collected thus far.

Other economies are also receiving Covid-19 relief. Procter & Gamble is providing 300,000 care packs, worth SG$3.1 million (approximately US$2.3 million), to support migrant workers in Singapore. The Jack Ma Foundation and Alibaba Foundation announced further donations of essential medical equipment to seven Asian economies, including India and Vietnam.

Rotary and Tata Trusts announce a five-year collaboration to scale community interventions in India. The partnership will focus on water and sanitation, health, education, Covid-19 relief, economic empowerment and education, with an emphasis on women and children. The joint programs are aligned with the Government of India’s objective of achieving the UN Sustainable Development Goals. With an existing overlap in interest and convergence of activities, the collaboration seeks to scale impact and reach more communities in need. Continue reading on the Tata Trusts website →

Xiaomi Corp. co-founder Lei Jun donates US$2.2 billion to charity. Lei transferred 616 million Xiaomi shares to the Xiaomi Foundation and Lei Jun Foundation, just as the company becomes the world’s second largest smartphone maker. With this donation, the billionaire joins the likes of other Chinese tech company founders in substantially growing their philanthropic giving. Continue reading in Bloomberg →

Philanthropist Rohini Nilekani and institutional investor Social Alpha invest ₹3.05 crore (approximately US$548,000) in DanaMojo, a payment solutions platform for NGOs. The investment will help DanaMojo grow the platform, and reduce the time, energy and cost for nonprofits in managing donations. Since its inception, DanaMojo has onboarded over 900 NGOs. Continue reading in The Economic Times →

Have a story to share? Contact us at research@caps.org.

Public-Private Partnerships for Social Good

Rethinking PPPs

There is a growing trend in Asia of governments and the private sector coming together to address social needs, and our latest study spotlights these “public-private partnerships for social good.” With 88% of top business leaders in Asia believing such partnerships will become even more common over the next five years, it is more important than ever to understand what they are and how they work.

We conducted an in-depth analysis of 20 notable PPPs for social good spanning 11 Asian economies and 9 sectors to find out. Our report showcases why this trend is taking root, what best-in-class PPPs for social good look like, and how they maximize impact.

Read on to learn more about the 6 strategies that enable public-private partnerships for social good to achieve greater impact, how they can prepare for sustainability, and how they can navigate risks.

Read the press release hereand download the full report below.

 

Social innovation and higher education landscape in East Asia

British Council & University of Northamption Institute for Social Innovation and Impact

This report consolidates findings and maps the current social innovations landscape in higher education institutions across several East Asia economies, including Malaysia, the Philippines, Indonesia, Vietnam and South Korea. Higher education institutions are seen as critical incubators of social innovation and can help develop solutions to complex local problems. The study employs a mixed methods approach in gathering data: using desktop research, an online survey, interviews and focus groups with stakeholders from the higher education ecosystem. The report concludes with recommendations at the practice, institutional and systemic levels for all economies examined. Read it here.

CAPS Spotlight: Who’s Doing Good

26 May 2021 - 8 June 2021

Wang Xing, Founder of Meituan, gives big. Wang recently donated over US$2 billion worth of shares in the food-delivery giant to his philanthropic foundation. Meituan said the funds will go towards education and scientific research. Wang’s donation is in line with the recent trend of Chinese tech billionaires substantially increasing their philanthropic giving. Continue reading in The Wall Street Journal →

Companies in Asia set up Covid-19 inoculation programs for employees and their families. In India, companies including HCLBajaj Auto and Samsung India have launched employee vaccination campaigns. Japanese companies are also stepping up and inoculating employees, which will help the government double the number of daily vaccinations to 1 million. Companies in Southeast Asia rolled out similar initiatives in the second quarter of this year.

Terry Gou, Founder of Foxconn, pledges US$228 million to purchase 5 million Pfizer-BioNTech vaccines as Taiwan sees a spike in Covid-19 infections. The donation is expected to also cover the cost of transportation, cold chain logistics and storage, distribution, and administration. Continue reading in Taiwan News 

92% of youth-led enterprises in the Asia Pacific negatively impacted by Covid-19, according to Youth Co:Lab. The organization—co-created by UNDP and Citi Foundation—recently launched their report, “How Young Entrepreneurs in Asia-Pacific Responded to COVID-19.” It discloses how lockdowns, shrinking demand, supply chain disruptions and a credit crunch challenged these enterprises. They responded by pivoting business strategy, launching new products and services, and transforming business models. The report also showcases over 40 innovative youth-led solutions aiding the region’s Covid-19 recovery.

Japan’s impact investing market has potential to grow to ¥2.64 trillion (approximately US$24 billion). The Global Steering Group for Impact Investment (GSG-NAB) Japan recently launched their report, “The Current State and Challenges of Impact Investing in Japan.” It highlights trends in impact investing—including growing interest from corporates and the issuance of Japan’s first sustainability-linked bond—and forecasts market size. This is encouraging news as there is much room for growth; according to CAPS’ study Business for Good, only 9% of social enterprises in Japan receive private investment.

Asian philanthropists pool US$1.5 million to contribute 600,000 doses towards COVAX global Covid-19 vaccine target. Singapore-based Asia Philanthropy Circle raised this funding from 10 philanthropists and philanthropic organizations. Their pooled donation will be matched by a public charity through Gavi, the Vaccine Alliance, bringing total funding to US$3 million. Continue reading on Asia Philanthropy Circle’s website 

Have a story to share? Contact us at research@caps.org.

DECODED

Asia's social sector takes on Covid-19

Our DECODED series unpacks, explains and crystallizes issues critical for social investment in Asia. DECODED draws upon CAPS’ expertise in research, and access to an extensive network of sector experts and philanthropists in 18 Asian economies. This enables us to identify emerging trends in the region. Through DECODED, we translate these concepts into bite-sized, easy-to-understand insights.

This inaugural DECODED synthesizes how the social sector across Asia has risen to the occasion in responding to Covid-19, and what comes next. We end with recommendations for philanthropists, corporates and policymakers who want to invest in helping Asia’s social sectors thrive.