CAPS Spotlight: Who’s Doing Good

15 September 2021 – 28 September 2021

Hong Kong-based Yidan Prize Foundation unveils 2021 award winners. Regarded as one of the world’s highest education accolades, the Yidan Prize recognizes individuals and teams with significant contributions to education research and education development. This year’s Yidan Prize for Education Research laureate is Stanford University’s Professor Eric Hanushek, and the Yidan Prize for Education Development laureate is Dr. Rukmini Banerji of the Pratham Education Foundation. Each laureate will be awarded HK$30 million (approximately US$3.9 million). Continue reading on Yidan Prize’s website →

Pakistan’s local startups see record investment. Maqsad raised the nation’s largest edtech funding to date of US$2.1 million, marking the latest milestone among the nation’s startup industry, reports Bloomberg. In total, the country’s startups have raised over US$244 million in 2021—more than the previous six years combined, according to venture capital fund, Invest2Innovate. There is even more room for growth; according to CAPS’ study Business for Good, only 26% of social enterprises in Pakistan receive private investment. Continue reading in Bloomberg →

Tencent’s “99 Giving Day” 2021 raises ¥4.2 billion (approximately US$649.5 million). This year’s event spanned 10 days and saw over 68.7 million donors contribute ¥3.6 billion (approximately US$557 million), while Tencent Charity Foundation pledged to give ¥600 million (approximately US$92.5 million). Continue reading on Tencent’s website →

Bloomberg Philanthropies and Goldman Sachs pledge US$25 million to advancing clean energy solutions in South and Southeast Asia. The new Climate Innovation Fund, to be managed by the Asian Development Bank, will focus on clean energy solutions in India and Vietnam to begin with. This initial philanthropic funding has the potential to unlock up to US$500 million in private and government investments. Continue reading on Bloomberg Philanthropies’ website →

Corporates, governments and foundations continue contributing to Covid-19 relief and aid efforts in the region. BRAC Bank and SME Foundation signed an agreement to provide loans to help small businesses in Bangladesh recover from the impact of the pandemic. The Philippines’ SM Group intensifies vaccination of employees and stakeholders. The Macquarie Group Foundation allocated AU$20 million (approximately US$14.5 million) to 40 community organizations around the world working to combat Covid-19. This included helping seed two Gender Lens Funds in the Philippines. In Vietnam, the American Chamber of Commerce donated over VND5.2 billion (US$227,000) for the purchase of essential medical equipment. Intel Malaysia earmarked a second round of funding amounting to RM2 million (approximately US$477,000) towards relief efforts.

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

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.

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.

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

16 March 2021 - 31 March 2021

After recent outbreak of Covid-19 cases, Cambodian government calls upon private sector for further assistance. One of Cambodia’s largest conglomerates, Prince Holding Group, and its chairman Neak Oknha Chen Zhi, answered the call with a fresh bequest of US$3 million. Cambodian tycoon Kith Meng and his family also contributed US$3 million, with an additional US$2 million to purchase Nokor Tep Hospital. Both Kith Meng and Chen Zhi are among a list of prominent business leaders who had already donated to Prime Minister Hun Sen’s vaccine efforts last December, contributing US$3 million each at that time.

Private equity fund ABC World Asia launches inaugural report detailing investment activities and impact performance. The report, “Journey to Impact in Asia,” showcases the performance of SG$98 million (approximately US$73 million) invested in five companies addressing challenges in climate, financial inclusion, healthcare, and sustainable agriculture in 2020. The fund aims to encourage more dialogue around impact investing in Asia by publicly sharing its framework for impact evaluation and its learning and experiences. In CAPS’ Business for Good, we highlight how impact investors can help incentivize other investors by publishing reports like this that showcase different approaches to investment and celebrate success stories. Continue reading in PR Newswire →

Swire Group reaffirms commitment to Hong Kong community with new HK$150 million (approximately US$20 million) charitable pledge. The new round of funding will go to TrustTomorrow, an initiative launched in early 2020 by the Group’s philanthropic arm Swire Trust. It will support around 30 projects, primarily in education, marine conservation and the arts, over the next three years. Continue reading in the South China Morning Post →

Survey of Indian bureaucrats highlights critical role of NGOs in pandemic response. The Centre for Policy Research survey, conducted in August-September 2020, polled over 500 officers of the Indian Administrative Service (IAS). The findings show that three out of five officers considered NGOs and civil society as critical partners in the pandemic response. Officers in more developed states, however, were less likely to consider NGOs as critical partners, suggesting they may be less dependent on them for meeting gaps in services. Continue reading in Live Mint →

Tengku Puteri Iman Afzan, eldest daughter of the King of Malaysia, launches social enterprise on mental health. The 28-year-old royal has launched Green Ribbon Group, a social enterprise that aims to combat mental health issues in Malaysia. It will seek to empower stakeholders involved in raising awareness around mental health, through advocacy, fundraising, and collaboration initiatives. Continue reading in CNA Luxury →

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

The State of Social Enterprise in South East Asia

British Council and UNESCAP

This report combines economy-specific analyses of social enterprises across South East Asia, including Hong Kong, Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. An estimated one million social enterprises exist across these economies. This report highlights the activities that social enterprises are engaged in, the range of beneficiaries, as well as their size and reach. The diverse types and sources of support social enterprises receive are also discussed. Read it here.

Individual reports can be accessed here:

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.

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.