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.

CAPS Spotlight: Who’s Doing Good

18 August 2021 - 31 August 2021

Spending on CSR in India crosses INR1 lakh crore (US$13.6 billion) milestone, seven years after mandatory CSR law came into effect. According to CRISIL, as much as 40% of this total was raised in the last two years as companies stepped up to fight the Covid-19 pandemic. Corporate funding is integral to the social sector—CAPS’ Doing Good Index 2020 shows that 51% of social delivery organizations in India receive funding from corporates. Continue reading on CRISIL’s website →

Chinese billionaires donate big. Donations from just seven billionaires this year amount to US$5 billion, exceeding total nationwide giving for 2020, reports Bloomberg. This year’s pledges arrive as the government pushes for “common prosperity” and signals it wants to close the country’s wealth gap. Tencent has pledged to invest US$15 billion in social responsibility programs while Pinduoduo has announced a ¥10 billion (approximately US$1.55 billion) investment in agriculture development. Continue reading in Bloomberg →

2021 Ramon Magsaysay Awards recipients announced. The award, established in honor of former president of the Philippines Ramon Magsaysay, honors individuals and organizations committed to building solutions to vital and complex issues in their society. This year’s recipients include four individuals covering Pakistan, Bangladesh and countries in Southeast Asia, and one organization from Indonesia. Continue reading on the Ramon Magsaysay Award Foundation’s website →

Three-quarters of Asia Pacific’s economic output and half of the region’s labor force is exposed to significant disruptions from climate change, according to Deloitte. Their recently released report, “Asia Pacific’s turning point: How climate action can drive our economic future,” seeks to reframe the debate on climate change by highlighting the opportunity for climate action to be a driver for economic prosperity. Separate reports for China, Japan, Korea, India, Taiwan and Southeast Asia are also available.

Diaspora philanthropy has untapped potential for Pakistan. Pakistan Centre for Philanthropy’s Executive Director Shazia Maqsood Amjad shares that more awareness and work to mobilize funding from the 9 million Pakistanis that live abroad can help address the country’s social needs. Continue reading on WINGS’ website →

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.

 

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.

Corporate Philanthropy in Pakistan 2018: Mapping Corporate Sector Contribution Towards Government EHSAAS Program

Pakistan Centre for Philanthropy (PCP)

This report examines the philanthropic contributions toward social development by the corporate sector in Pakistan. It is the fifteenth edition in the series. The report describes the relationship between business and society, and how it impacts corporate giving. How the government’s Ehsaas Program for poverty reduction aligns with corporate giving is also discussed. The report makes several policy recommendations on ways to facilitate corporate giving and improve their effectiveness. Read it here.

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

08 December 2020 - 22 December 2020

THE THINKERS

Asia-Pacific governments must act now to unlock impact investment, urge GSG and UNESCAP. The United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) and the Global Steering Group for Impact Investment (GSG) recently published their new report, “Towards an Enabling Policy Environment for Impact Investment in Asia and the Pacific.” The report examined impact investment ecosystems in 18 countries in the Asia-Pacific region, from those with advanced impact investment markets such as India and Singapore to those with nascent ones such as Brunei, Laos and Myanmar. The research highlighted best practices and concrete actions that governments can take to leverage the potential of impact investment and drive a sustainable economic recovery.

CUHK Business School research shows CSR activities by a corporate parent can help subsidiaries build trust in overseas markets. Covid-19 has accelerated the trend of companies being assessed on their social responsibility performance, but this can be complicated for multinational organizations operating in different countries and across diverse communities. In light of this, new research from The Chinese University of Hong Kong (CUHK) Business School has found that CSR activities conducted by the parent organization of a multinational company can positively influence the ability of overseas subsidiaries to operate in their respective markets. The study, titled, “Parent Firm Corporate Social Responsibility and Overseas Subsidiary Performance: A Signaling Perspective,” cross-referenced and analyzed the financial information, foreign domestic investment and CSR activities of 196 Japanese firms between 2002 and 2014. The research also looks into other factors, such as press freedom, that can impact the “halo” effect of the parent company’s CSR reputation.

THE BUSINESSES

Anil Agarwal Foundation and Bill & Melinda Gates Foundation partner to end all forms of hunger and malnutrition in India. Anil Agarwal Foundation has been leading Project Nand Ghar, an initiative aimed at transforming the Anganwadi ecosystem (rural, community-based mother and childcare centers) in India. The project focuses on modernizing infrastructure and enhancing services to eradicate child malnutrition, provide interactive education, enhance access to quality healthcare and empower women through skills development. The Gates Foundation has joined as a partner to help fund the transformation of the Anganwadi ecosystem and strengthen nutrition interventions in the state of Uttar Pradesh. Together, both foundations aim to support India’s Ministry of Women and Child Development (MoWCD) as it works to achieve the United Nations’ Sustainable Development Goal 2 by 2030.

Prudence Foundation launches second edition of SAFE STEPS D-Tech Awards to find life-saving technologies for disaster resilience. Prudence Foundation, the philanthropic arm of Prudential in Asia and Africa, launched the second edition if its D-Tech Awards, which fund and scale technology solutions related to natural disasters. The awards are part of SAFE STEPS, a multi-platform awareness program developed by Prudence Foundation and its partners to provide life-saving information about natural disaster events, road safety and first aid. The award was created out of the belief that technology innovation can play a more significant role in improving disaster recovery and resilience. Applicants can win grants from a pool of US$200,000 to support the implementation and scaling of their D-Tech solutions. Semi-finalists and finalists gain access to expert coaching, pitching and networking opportunities with humanitarian representatives, venture capital fund managers and fellow tech entrepreneurs.

Chen Zhi and Prince Holding Group step up CSR initiatives. Prince Holding Group (PHG), one of the largest conglomerates in Cambodia, has made several large-scale donations to help fight the Covid-19 pandemic and assist flood victims. Earlier this year, PHG and its chairman Chen Zhi donated US$500,000 and provided supplies worth over US$600,000. Earlier this month, the Group and its chairman jointly donated US$3 million to Prime Minister Hun Sen to help Cambodia purchase 1 million Covid-19 vaccines. The Group also provided flood relief support, such as food and drinking water, and Chen Zhi personally donated US$500,00 to help flood-hit victims in early October.

THE INNOVATORS

Impact Investment Exchange launches US$27 million bond to help women in Asia rebuild livelihoods post-Covid. Singapore-based Impact Investment Exchange (IIX) has issued its US$27 million Women’s Livelihood Bond 3 (WLB3). This is the third of its US$150 million Women’s Livelihood Bond (WLB) series, which aims to create sustainable livelihoods for more than 3 million women in developing countries. WLB3 will support enterprises in India, Indonesia, Cambodia, and the Philippines that are directly supporting women to respond to or recover from the economic effects of the pandemic. The total bond size includes a US$24.7 million issuance and US$3 million subordinated debt provided by IIX’s newly launched Women’s Catalyst Fund as first-loss capital.

Sehat Kahani’s tele-ICU software connects 45 ICUs to critical care doctors in 45 days across Pakistan. The Pakistani health-tech social enterprise has successfully implemented its tele-ICU software in 45 out of 60 target ICUs thus far, as well as trained 800 doctors on critical care and the usage of the software. The tele-ICU platform allows doctors in intensive care units (ICUs) and high dependency units (HDUs) to connect to critical care specialists in real time, record patient information and conduct video consultations. The Tele-ICU Project was initiated with support from UN agencies, the Health Services Academy, the Ministry of Health and the Government of Balochistan. Sehat Kahani also recently partnered with the Ministry of Narcotics Control to launch a telemedicine helpline for youth in Pakistan. The helpline aims to support individuals who suffer from addiction by connecting them to counselors, psychiatrists, and psychologists.

IN OTHER NEWS…

Nepal’s Social Welfare Council’s role in partner organization selection may invite conflict of interest, international organizations say. In Nepal, international NGOs (INGOs) must select a local nonprofit in order to register in the country. While the Social Welfare Council has traditionally tried to avoid conflict of interest by allowing a third party to evaluate the works of INGOs, its new directive has made it mandatory for them to involve the council when selecting their local partners. Representatives of INGOs have expressed concern, saying that the involvement of council officials could influence the selection of local partners and goes against its own policy that has sought to mitigate conflict of interest.

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

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.

2018 Civil Society Organization Sustainability Index: Asia

United States Agency for International Development (USAID), FHI 360 & the International Center for Non-For-Profit Law (ICNL)

The fifth edition of this annual index analyzes the capacity of civil society organizations in nine countries across Asia: Bangladesh, Cambodia, Indonesia, Nepal, Myanmar, Pakistan, Philippines, Sri Lanka and Thailand. It assesses civil society’s capacity to serve both as a partner in the delivery of short-term solutions and in driving longer-term sustainable development outcomes. Read it here.

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.