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.

CAPS Spotlight: Who’s Doing Good

02 March 2021 - 15 March 2021

In the latest for South China Morning Post, CAPS explains how China achieved its poverty alleviation goal by seasoning its ‘stone soup’ strategy. On February 25th, Xi Jinping announced that his signature campaign to eliminate absolute poverty was a success. CAPS’ Chief Executive Ruth Shapiro and Deputy Director of Advisory Services Angel Lin give insight into the four strategies—a focused campaign, aligned incentives, tracking poverty, and mobilizing resources—that helped China achieve this audacious goal. Continue reading in the South China Morning Post →

Family philanthropy in India has tripled since 2019, according to latest India Philanthropy Report. While other sources of private funding—foreign, corporate, and retail—remained stagnant, funding from individual philanthropists grew to approximately INR 12,000 crore (approximately US$1.7 billion) in FY2020. This accounts for almost two-thirds of the increase in funding during the pandemic. This rise in individual giving is welcome, as foreign funding saw its share of overall funding fall to 25% and corporate funding is set to decline. Continue reading in the Business World →

Singapore’s Temasek Holdings commits US$500 million to impact investing specialist LeapFrog Investments. This allocation by Temasek, the US$214 billion Singapore state-backed investment company, is the largest single commitment to a specialist impact investment manager, according to the Global Impact Investing Network (GIIN). Temasek hopes its commitment will encourage other large institutional investors to move into impact investing. Continue reading in the Financial Times →

Newly published report estimates 1 million social enterprises across South East Asia. The State of Social Enterprise in South East Asia, launched earlier this month by the British Council, collates research on social enterprises from Hong Kong, Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. The report examines social enterprises’ activities, size and reach, as well as available government and financial support. CAPS also estimated there to be at least 1.2 million social enterprises in the six economies covered in Business for Good: Maximizing the Value of Social Enterprises in Asia. Continue reading in Pioneers Post →

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

CAPS Spotlight: Who’s Doing Good

17 February 2021 - 01 March 2021

Korea’s Kim Bong-jin and his wife Bomi Sul are the latest to sign the Giving Pledge, vowing to donate half of their wealth. Kim Bong-jin is founder and CEO of Woowa Brothers, which created Korea’s largest food-delivery app. Kim and his wife are the first Koreans to sign the Giving Pledge, an initiative started in 2010 by billionaires Warren Buffett, Bill Gates and Melinda Gates to encourage the ultra-rich to give away most of their fortunes to philanthropy. This follows a recent announcement by Korean billionaire Kim Beom-su, who also pledged to donate over half of his wealth to charitable causes. Continue reading in Bloomberg →

I(x) Investments, co-founded by Warren Buffet’s grandson, is among those turning to Asia for impact investing. I(x) Investments has brought together more than 65 of the world’s wealthiest families from 14 countries to invest in climate and sustainability issues. The company is among those looking to Asia both to attract new impact investors and to allocate funds to. One of its biggest bets in the region is WasteFuel, a startup developing technology to convert municipal waste into jet fuel. With plans to build a US$700 million plant in the Philippines and replicate this model in other Asian countries, the startup has already received investment from several I(x) families, including Filipino billionaire Enrique Razon. Continue reading in Bloomberg →

Tata STRIVE and Wipro GE Healthcare partner up to bridge healthcare skill gap in India. As part of the CSR partnership, Wipro GE Healthcare will design, develop and implement industry-relevant training to help underprivileged students achieve gainful employment. Tata STRIVE, the skills development CSR initiative of the Tata Community Initiatives Trust, will provide the candidates loans upon qualifying for the course. The partnership aims to skill 6,200 candidates over a period of three years. Continue reading in The CSR Journal →

IKEA partners with local social enterprise Rags2Riches in the Philippines. The Swedish multi-national company is opening its first store in the Philippines and tapping the services of Rags2Riches for a three-year partnership. Rags2Riches, a social enterprise which employs female artisans from low-income communities to create sustainable fashion and home products, will be providing sewing services in IKEA’s Philippines store. As highlighted in CAPS’ study, Business for Good: Maximizing the Value of Social Enterprises in Asia, procuring from social enterprises like this is a win-win strategy that can advance sustainable consumption as well as provide the funding and capacity building support social enterprises need to grow. Continue reading in BusinessWorld →

The GiveIndia Fundraising Challenge 2021, India’s biggest fundraising event, is helping NGOs raise crores in funds. Nearly 200 nonprofits have already raised over Rs 2 crores (approximately US$275,000) since the challenge began on February 1. The challenge will run till March 28 and is expected to raise more than Rs 15 crore (approximately US$2 million) by then. Since the timing coincides with the end of the financial year, NGOs typically leverage tax savings donors would get for donating to them to appeal for funds. Continue reading in the Business Standard →

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

CAPS Spotlight: Who’s Doing Good

04 February 2021 - 16 February 2021

Korean billionaire Kim Beom-su, founder of Kakao, vows to donate over half of his wealth. Kim, who has seen his wealth rise to US$7.9 billion during the pandemic, has pledged to donate more than half of his assets throughout his lifetime. Precise details of his donation have yet to be disclosed, but Kim is expected to make an official announcement soon according to Yonhap NewsContinue reading in Bloomberg Wealth →

Trive Ventures jointly launches US$2 million venture philanthropy fund with undisclosed Singapore-based family foundation. The “Tenacious Founders Venture Philanthropy Fund” will invest in Singapore-based entrepreneurs, aiming to be a short-term bridge for founders with limited financial resources. The fund will issue financial support up to US$75,000 per founder in the form of a redeemable SAFE (simple agreement for future equity) note. The family foundation involved has requested to remain anonymous. Continue reading in the Singapore Business Review →

In India, education, healthcare, and agriculture received the bulk of US$2.6 billion in impact investments in 2020. According to the Impact Investors Council’s 2020 annual report, India saw a rise in impact investment despite the global pandemic. The education sector had a marked year, with a 65% year-on-year growth in impact investment volumes. Impact investors also actively invested in early-stage healthcare and agriculture enterprises, showing increased interest in social enterprises that take care of people and the planet alike. Continue reading in Business Today →

All you need to know about the amendments to India’s CSR Act. The Government of India made amendments to the CSR Act last month, which are now effective. Samheeta Rao, partner at GameChanger Law Advisors, outlines these recent amendments and provides a comprehensive list of their implications for corporates and nonprofits. Continue reading on IDR’s website →

Prudence Foundation and partners launch second edition of the SAFE STEPS Disaster Tech (D-Tech) Awards. The Awards identify and scale technology solutions that save lives before, during, or after natural disasters. The Awards provide funding and expert coaching for the implementation and scaling of D-Tech solutions, as well as access to pitching and networking opportunities with humanitarian representatives, venture capital fund managers, and fellow entrepreneurs. Applications close on February 19. Continue reading on the Safe Steps website →

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

2021: Reflections and Outlook

13 January 2021

We welcome 2021 with hope, not only for successful vaccination programs, but also for a year of recovery and rebuilding.

The social sector—nonprofits, social enterprises, and private and corporate philanthropists—were critical partners as economies across Asia tried to contain the fallout from a multi-faceted crisis in 2020. In addition to the pandemic, Asia was hit with some of the worst natural disasters to date and saw waves of civil unrest from Hong Kong to Thailand to India. We summarize this response below. In a forthcoming paper, we will explore the impact Covid-19 had on social delivery organizations and how they responded. Meanwhile, we wanted to bring you a summary of the unprecedented corporate response to meet the urgent needs of society that the pandemic precipitated.

 

After the initial coronavirus outbreak in China, there was an immediate response from Chinese philanthropists and tech giants. Jack Ma was one of the first movers with a US$14.4 million donation for vaccine development, alongside donations from Alibaba, Baidu, Tencent, Huawei, and ByteDance. The Bill & Melinda Gates Foundation was also an early mover, escalating its contributions as the year went on.

As Covid spread to other countries in early March, donations and support ramped up across the region. Familiar names in philanthropy (Li Ka Shing, Ratan Tata and Azim Premji, to name a few) donated large sums. Some unfamiliar names cropped up, such as Kakao founder Kim Beom-su. And other Asian philanthropists began to send aid to the US and Europe as needs shifted.

When the coronavirus was declared a pandemic in March 2020, CSR quickly took new shape, and some companies set up their own Covid-19 relief funds, including Alibaba (US$144 million), Tencent (US$100 million), Sony (US$100 million), Bajaj Group (US$14 million), and Godrej Group (US$7 million).

A number of ‘Prime Minister Relief Funds’ or similar taskforces were set up—and in turn, companies were encouraged to donate to them. This includes India, Malaysia, Indonesia, Bangladesh, and Pakistan. India’s Ministry of Corporate Affairs announced that the spending of CSR funds towards Covid-19 initiatives would be counted as CSR activity under the Companies Act.

Donations were also channeled to public health research and vaccine development. China Vanke Co donated US$748 million to Tsinghua University to establish the Vanke School of Public Health. Uniqlo’s Tadashi Yanai donated US$93 million to Kyoto University for vaccine research.

Companies also took a “not business as usual” approach by pivoting their production lines or launching new operations to make medical supplies. This includes Japanese companies Sony, Toyota, Suntory, Mitsubishi Motors, Fast Retailing, and Shiseido, as well as Vingroup (Vietnam), Indorama Ventures (Thailand), Reliance (India), and New World Development (Hong Kong). Other companies donated their own F&B products to assuage food insecurity.

Major banks offered financial relief measures. Owners of major malls in the Philippines and Thailand offered rent relief for their tenants. Some companies diverted their advertising budgets for relief efforts or awareness-raising campaigns.

As the pandemic upended education globally, businesses stepped in to help bridge the digital divide. Companies provided digital tools (i.e., mobile phones and software), improved internet access for students, and offered digital literacy training. Mi India donated smartphones to students in under-resourced communities through Teach for India. PLDT teamed up with schools, Microsoft, and Google to make digital solutions more accessible for the education sector in the Philippines. Tencent leveraged their online learning platform to make online teaching accessible for 20 million students within a matter of days.

While these are just a few examples of how corporates rose to the occasion in 2020, it also underscores the need for even greater private social investment this year. But what might 2021 look like?

1.    Despite exacerbated CSR budgets, there will be growing political and social pressure on corporates to give more and do more.

2.    During Covid, many corporates leveraged the reach of and trust in nonprofits to distribute resources to those most in need. We expect this to continue as the social sector is well positioned to help maximize the reach and impact of CSR.

3.    Public-private partnerships (PPPs) will continue to grow in number and importance as economies focus on vaccine distribution and rebuilding. We also expect there to be an uptick in what we call “PPPs for social good” as the pandemic has exacerbated inequities in income, education, and other areas.

With increased corporate support in 2020, we are cautiously optimistic that they will continue to play a more active role alongside government and the social sector. As we monitor these developments, we will keep you apprised through our upcoming newsletters and research reports.

Best wishes for the year ahead!

The CAPS Team

Who’s Doing Good

10 November 2020 - 23 November 2020

THE GIVERS

Azim Premji tops EdelGive Hurun India Philanthropy List 2020. In addition, Premji is also recognized for being one of the world’s leading donors to Covid-19 relief efforts, with a combined donation of Rs1,125 crore (approximately US$152 million) from Wipro, Wipro Enterprises, and the Azim Premji Foundation. Shiv Nadar, founder-chairman of HCL, ranks second, followed by India’s richest man Mukesh Ambani, chairman of Reliance Industries. The list showcases a total of 112 people, whose combined donations increased by 175% to INR12,050 crore (approximately US$1.6 billion) in 2020.

Forbes Asia releases its 14th annual Heroes of Philanthropy list. While this year’s list is unranked and excludes donations made by companies, it shines a light on 15 individual philanthropists in the Asia-Pacific region. Some of this year’s biggest donors focused on the Covid-19 pandemic: Hong Kong’s Li Ka-Shing gave US$32 million to various aid initiatives and Japan’s Tadashi Yanai gave US$105 million to research and vaccine development. Other philanthropists, like Vietnam’s Pham Nhat Vuong, continued to contribute to causes such as education, alongside contributing to relief efforts.

THE THINKERS

Finding the way forward in post-Covid-19 Asia. Covid-19 has made it clear that governments, donors, and the social sector all have an indispensable role in helping societies build back stronger from the pandemic. CAPS’ Doing Good Index 2020 highlights the strengths and opportunities for 18 economies in Asia to build a more enabling environment for such philanthropy to reach the neediest. In our latest webinar series, CAPS’ Chief Executive Ruth Shapiro and Director of Research Mehvesh Mumtaz Ahmed share country-specific findings on PakistanIndiaKoreaMalaysiaNepal, and Hong Kong.

THE NONPROFITS

Educate Girls among the world’s 100 most inspiring innovations in K12 education. The nonprofit, which works for girls’ education in the remotest villages of India, has announced its selection in HundrED 2021 Global Collection—an annual list that highlights 100 of the most impactful innovations in K12 education from around the world. Educate Girls’ innovation was reviewed by 150 Academy Members consisting of academics, educators, innovators, funders, and leaders from over 50 countries. Since 2007, Educate Girls has enrolled over 750,000 girls in schools, improving learning outcomes for over 1.3 million children. The nonprofit is also well-known for spearheading the world’s first Development Impact Bond in education.

THE BUSINESSES

Interview with Jaime Augusto Zobel de Ayala on how businesses can be a force for good. In conversation with the McKinsey Quarterly, the chairman and CEO of Ayala Corporation discusses macro trends among businesses in Asia and how they’re responding to complex challenges during Covid-19. In the interview, Ayala describes his own learnings and how the Ayala Group responded to the pandemic by prioritizing its employees, upholding its broad ecosystem, and supporting the community at large, especially those most economically vulnerable. The Group also joined forces with other companies to support the government in meeting the immediate needs of communities—underscoring the importance of partnership at a time when both the will and resources required are beyond any one sector’s capacity to provide.

Social bonds strengthen foothold in Asia credit market. Globally, issuance of social bonds shot up more than five times to approximately US$105 billion as of October 2020. Amidst Covid-19, new debt is being increasingly redirected to social and sustainability bonds targeted at supporting rising public health needs and growing economic disparity. This is true in Asia, too, where distribution of social bonds rose 29% this year through June 15 from a year earlier. This augurs well for the region, where Asian governments and institutions have been slow to issue social bonds. Yet, this redirection comes at a cost: green bond issuance in Asia-Pacific in the second quarter of 2020 fell to its lowest level in more than three years.

THE INNOVATORS

The Australian Government and Macquarie Group Foundation support Filipina entrepreneurs. Together with the Macquarie Group Foundation, Australia is committing to an investment program of over P43 million (approximately US$900,000) to aid Filipino women who own small and medium enterprises (SMEs). The Responsive Interventions Supporting Entrepreneurs (RISE) Fund aims to help the Philippines build back better by supporting women-led SMEs. Australian ambassador to the Philippines stressed that Filipino women “will play a central role in the recovery from Covid-19 and should have an equal part in a more resilient, inclusive, and broad-based Philippines.”

ABAC Indonesia, Mandiri Capital join forces to invest in start-ups with social impact. APEC Business Advisory Council (ABAC) Indonesia, the private-sector arm of the Asia-Pacific Economic Cooperation, has partnered with venture capital firm Mandiri Capital to launch a new fund that will invest in startups with social impact. The Indonesia Impact Fund (IIF) will focus on investing in micro, small, and medium enterprises (MSMEs) and start-ups related to five of the United Nations Sustainable Development Goals (SDGs): poverty alleviation, sustainable cities and affordable housing, high-quality and accessible education, increased economic participation for women, and affordable health care. The firm aims to raise US$10 million in assets under management by its first close of funding in the second quarter of 2021.

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

13 October 2020 - 26 October 2020

THE GIVERS

Ramon Ang recognized for Covid-19 response efforts at the Asia CEO Awards 2020. San Miguel Corporation (SMC) president and chief operating officer Ramon Ang was given the Lifetime Contributor Award at the Asia CEO Awards 2020, the largest business awards event in Southeast Asia. Ang was recognized for both his long-term contributions to the Philippines and his response to the Covid-19 pandemic. Ang has been at the helm of SMC’s outreach program, which has distributed over Php13.180 billion (approximately US$273 million) in aid during the pandemic. SMC also spearheaded blood donation drives, built temporary quarantine facilities, distributed RT-PCR machines and test kits, and donated food and medical equipment. In addition, the company pivoted its business by repurposing liquor plants to manufacture alcohol disinfectant, and has recently announced the creation of the RSA Foundation to build a hospital specializing in infectious disease research. Despite the economic downturn, SMC has committed to continuing its current infrastructure projects and environmental programs focused on rehabilitating the Tullahan-Tinajeros River and the mangroves around Bulacan and Central Luzon.

THE NONPROFITS

An analysis of Chinese charitable trusts in 2020: pandemic-driven development. In the first half of 2020, 142 new charitable trusts were established in China, surpassing the usual figures for a whole year. The total assets of these newcomers reached ¥263 million (approximately US$40 million). These new trusts have played an important role in aiding the prevention and control of Covid-19. Although most have been set up for short-term pandemic-relief, many are also working in poverty alleviation, education, and other development areas. This surge in trusts comes from organizations that want to contribute to pandemic relief establishing charitable trusts, since the trust structure offers greater flexibility and more robust supervision. Yet they also have shortcomings: charitable trusts have yet to receive any concrete, preferential tax policies. 

THE BUSINESSES

China recruits Korean conglomerate to advise on ESG. Bloomberg reports on Beijing’s recent efforts to push companies to make ESG disclosures. Beijing recently tapped SK Group to help accelerate these efforts, since the Korean conglomerate has been leading ESG adoption in Asia. SK said it will team up with China’s State-owned Assets Supervision and Administration Commission (SASAC), which oversees the country’s government-run companies, to jointly establish a lab in Beijing to study and develop rating methods for ESG practices. While China has pledged to make its nearly 4,000 listed corporates publish ESG metrics by the end of this year, progress has been lagging. But with Covid-19 spurring inflows into ESG-related assets, there is greater imperative for companies to improve their ESG practices in order to access a share of the trillions of dollars currently invested in the ESG arena.

Nando’s Malaysia launches food donation program to help those in need while tackling excess food issues. Last week we reported on companies and nonprofits in Singapore working to bridge the food waste and food insecurity gap. As food insecurity worsens amidst the Covid-19 pandemic, similar initiatives have emerged across the region. In Malaysia, Nando’s has launched a food donation program “No Chuckin Our Chicken”, in conjunction with its ongoing community outreach efforts. The program allows the company to eliminate food wastage, while continuing to improve food supply and security for communities in need. The program involves 11 Nando’s outlets across Malaysia that have partnered with Kechara Soup Kitchen, The Lost Food Project, Malaysia Relief Agency Sabah, and other organizations. Throughout the pandemic, Nando’s Malaysia has collectively delivered MYR135,000 (approximately US$33,000) worth of food and supplies to local communities with the help of 17 charity partners. The “No Chuckin Our Chicken” program will be a permanent ongoing effort.

Uniqlo helps over 10,000 people through partnership with charity: water. Japanese fashion company Uniqlo is helping more than 10,000 people across India, Cambodia, Malawi, and Madagascar attain clean and drinkable water through its partnership with nonprofit charity: water. Uniqlo agreed to donate the proceeds of its €0.10 fee for paper bags at its stores to raise funds for the charity and reduce single-use plastic bags. The partnership will fund four different clean water solutions, two of which are in Asia: rainwater harvesting tanks in the Thar Desert in India and bio-sand filters in homes and schools in Cambodia.

THE INNOVATORS

NGO People In Need Cambodia and ArrowDot partner to develop tech solutions for disaster prevention. In 2013, People In Need Cambodia launched its Early Warning System 1294, a mobile phone-based public alert system for natural disasters. The nonprofit recently came up with the idea for Tep Machcha, a solar-powered device that gauges water levels and monitors the data to make reliable predictions of weather events. It partnered with ArrowDot, an IoT solutions company, to design, manufacture, and install the device in flood-prone areas—so far, 43 Tep Machcha devices have been installed nationwide. If water levels reach a dangerous depth, the online server sends a warning to the Provincial Committee for Disaster Management (PCDM), which then sends mobile alerts to over 100,000 citizens enrolled in the Early Warning System 1294. The development and implementation of this tech-enabled solution offers an example of how the private sector can help accelerate innovation in the social sector.

Bridging the credit gap for India’s impact enterprises. Impact investors have committed around US$11 billion in impact capital in India in the past decade, and US$2.7 billion last year alone. However, more than 70% of these commitments are in the form of equity, and debt capital remains in short supply. For India’s two million social enterprises, this lack of access to credit and working capital is hindering the growth of the sector. In a new report, India Impact Investing Council and Bridgespan detail the barriers enterprises face in accessing credit, including perceived risk, unproven business models, and slim or no credit files. The report advocates for customizable tools including collateral-based senior debt, unsecured junior debt, quasi-equity, and grant-based finance to bridge the gap. The report also points out a strong need and opportunity for foundations to support the build out of debt financing, particularly for overlooked sectors like agriculture and healthcare. CAPS’ Business for Good study also speaks to the dearth of financing options for budding social enterprises, and urges impact investors to consider deploying their investment capital through a range of asset classes.

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

20 July 2020 - 02 August 2020

THE GIVERS

Hong Kong tycoon Li Ka Shing to donate another HK$101 million (US$13 million) to medical and welfare sectors amid pandemic. A fifth of the donation will go to encouraging graduates of the Li Ka Shing Faculty of Medicine at The University of Hong Kong to stay back and serve the city, by providing each graduate with a HK$50,000 (approximately US$6,500) cash gift. The rest of the donation will benefit Hospital Authority’s hospitals, 12 local NGOs, and individuals who fall outside of the city’s social security safety net as Hong Kong battles its third wave of Covid-19 cases. This fresh bequest follows earlier donations of HK$100 million (approximately US$13 million) and HK$80 million (approximately US$11 million) to Wuhan and Hong Kong, respectively, to help contain their Covid-19 outbreaks.

Forbes China releases 2020 China Philanthropy List. In its 14th edition, the list includes 100 business owners and their firms, representing ¥17.91 billion (approximately US$2.57 billion) in cash donations. Xu Jiayin, president of real estate giant Evergrande Group, tops the list with charitable cash donations of ¥3.01 billion (approximately US$430 million) in 2019. Yang Guoqiang, founder and chairman of Country Garden, and his family ranked second with ¥1.52 billion (approximately US$218 million) in cash donations.

Korea’s top research university receives record donation from entrepreneur Lee Se-young. Lee, head of real estate company Gwangwon Industry, announced a donation of real estate worth ₩67.6 billion (US$56.4 million) to the Korea Advanced Institute of Science & Technology (KAIST)—the biggest donation received by the school since its founding in 1971. Lee has previously donated real estate worth ₩8 billion (approximately US$6.7 million) in 2012 and ₩1 billion (approximately US$900,000) in 2016, making her cumulative donation to KAIST around ₩76.6 billion (approximately US$65 million). Lee hopes that her donation will help Korea produce its first Nobel Prize winner in science.

THE THINKERS

Taiwan among the leading group of “Doing Well” in the Doing Good Index 2020. Read more (in Chinese) about Taiwan’s leading performance in the latest article by CAPS’ Chief Executive Ruth Shapiro. In CommonWealth Magazine (天下雜誌), Shapiro discusses Taiwan’s laws and policies that promote an accountable and transparent social sector and engagement with it. 

THE NONPROFITS

Singapore-based NGO to invest up to SG$100 million (approximately US$73 million) in environmental projects in India. The Alliance to End Plastic Waste, a Singapore-based NGO working in the environmental sector, plans to invest in India over the next five years to help reduce the country’s plastic waste. Projects so far include an initiative to reduce plastic waste in the river Ganga and a partnership with UN-Habitat to implement solutions towards a circular economy. The Alliance also has a budget of SG$400 million (approximately US$290 million) for environmental projects in Southeast Asia and China.

THE BUSINESSES

Hitachi to donate ¥100 million (approximately US$1 million) to support research on the novel coronavirus. The funds are earmarked for “The Hitachi Global Foundation Fund for Research Support of Infectious Diseases,” which will support researchers in Japan and the ASEAN region. This follows earlier Covid-19 relief efforts from Hitachi Group, including donating PPE and providing US$1 million in loans to businesses in need through Kiva.

Wix helps bring first-of-its-kind remote learning initiative to Philippines Department of Education. Wix, a leading website creation platform, announced that over 43,000 e-learning websites were built and launched in two days through its project with the Philippines Department of Education. Under the government’s “Digital Rise Program,” this initiative enabled teachers with no coding experience to digitize their curriculum via Wix, helping schools transition to e-learning during this time.

Yoma Bank donates 6,000 masks and school supplies to under-resourced students. In Myanmar, Yoma Bank donated design-your-own masks, intended to improve the motivation of students to follow safety practices by allowing them to personally design their masks. In collaboration with Step-in Step-up, a vocational training academy, Yoma Bank also provided mask-wearing training to ensure students wear, remove, and handle masks in a safe manner when they return to school.

THE VOLUNTEERS

China sees increase in number of registered volunteers. The number of registered volunteers reached 169 million in China by the end of 2019, a 13.9% increase year-on-year, according to the Blue Book of Philanthropy—a report released by the Chinese Academy of Social Sciences, the Social Sciences Academic Press, and the China Lingshan Council for the Promotion of Philanthropy. These volunteers together offered over 2.2 billion hours of service last year. The monetary value of this work is estimated to be ¥90.3 billion (US$12.8 billion).

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.