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 →

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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.

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 

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CAPS Spotlight: Who’s Doing Good

28 April 2021 - 12 May 2021

As cases continue to surge in India, ordinary citizens, charities and companies are working to mitigate the crisis. In many places, volunteers are filling the gaps by organizing charity drives and sourcing supplies. India’s younger generation is fighting the pandemic by setting up crowdsourcing apps and building online databases with real-time information on medical resources and oxygen availability across the country. Companies are continuing to aid the fight: Bajaj Group pledged an additional ₹200 crore (US$27 million); Accenture pledged US$25 million; Reliance Foundation is setting up an additional 1,000 bed facility in Jamnagar; tech companies from CRED to Google are also providing aid. While companies, charities, and ordinary citizens are stepping up, India’s ultra-rich are facing criticism for not giving more during this second wave.

Prime Minister Modi has asked NGOs and civil society groups to provide further help to medical professionals. However, nonprofits are saying that the FCRA amendments the government introduced last September have crippled the sector and limited their ability to access and distribute crucial foreign aid at this time. They are asking for FCRA requirements to be put in abeyance as the country battles the worst of the Covid-19 pandemic.

Thailand’s social sector is facing potential restrictions on foreign funding. In February, the Thai Cabinet approved a draft law in the name of creating more transparency in the social sector. The law has since drawn criticism from those in the sector, including human rights groups, and three United Nations Special Rapporteurs, who are concerned it would bring to heel the country’s NGOs. Section 6 of the draft law would place restrictions on organizations that receive foreign funding. This could have ramifications for the sector, as CAPS’ Doing Good Index 2020 found that 52% of social delivery organizations in Thailand receive foreign funding.

Philippine Disaster Resilience Foundation (PDRF) and the Bank of the Philippine Islands (BPI) begin construction of disaster, pandemic facility. The BPI Bayanihan Center will be a two-story, multi-purpose facility in Batangas City for people burdened by disasters and pandemics. The facility was intended to serve those severely affected by the Taal Volcano eruption in 2020, but its design has since been modified so that it can also function as a health care facility. The center will also be open for community programs and activities on occasion. Continue reading in The Manila Times →

NGO Rise Against Hunger and corporate partners join hands to end hunger in the Philippines. The number of people going hungry in the Philippines reached a record high during the pandemic, according to a Social Weather Stations survey. Rise Against Hunger stepped up to mobilize its staff and corporate volunteers to deliver food to various communities nationwide. With an ambitious goal to end hunger by 2030, the nonprofit’s corporate and government partnerships have been a key pillar in effectively reaching the poorest communities. Continue reading in The Manila Standard →

DBS Foundation doubles its grant program for social entrepreneurs to SG$3 million (approximately US$2.3 million). The philanthropic arm of DBS Bank has increased the funding pool of its grant program to support more social enterprises in the region as the pandemic persists. Social enterprises from Singapore, Hong Kong, China, Taiwan, India, and Indonesia are eligible to apply. Continue reading in the Singapore Business Review →

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CAPS Spotlight: Who’s Doing Good

14 April 2021 - 27 April 2021

Amid an oxygen shortage in India, businesses and NGOs are stepping in to aid India’s Covid-19 fight. Indian billionaire Mukesh Ambani is supplying oxygen from Reliance’s refineries in Jamnagar to Maharashtra at no cost. Indian tech startups Zomato and Paytm have launched donation drives on their platforms to help provide oxygen concentrators. NGOs Hemkunt Foundation and Khalsa Aid India are helping source and distribute oxygen cylinders. NGO Red Crescent Society is leading an initiative to distribute oxygen cylinders through mosques in the Mumbai metropolitan region. Other actors are also stepping in: Star Special Air Gases Private Limited, a gas plant in Manesar, is refilling oxygen cylinders for free. As cases and deaths surge across the country, the government recently announced that spending by corporates for setting up makeshift hospitals and temporary Covid-19 care facilities will qualify as CSR activities under the companies law.

Tencent’s Pony Ma pledges US$7.7 billion of the social-media giant’s money for social causes. This fresh bequest—19 times the company’s donations last year—will go to projects ranging from rural development to carbon neutrality. It will also go towards investing in startups, which aligns with President Xi’s blueprint for national development. Continue reading in Reuters →

Community pantries offer reprieve from Covid-19 hardships in the Philippines. What began as a humble cart with free food has grown into over 300 donation-driven pantries across the country. This multi-sector effort to provide food and essential items to those in need has become an important service as the country faces one of the worst coronavirus outbreaks in the region. However, unsubstantiated claims by local police and a government task force that these pantries are affiliated with insurgents, a practice called ‘red-tagging’, has led to concern about the safety of volunteers. Continue reading in The Washington Post →

Li Ka Shing Foundation donates HK$30 million (approximately US$4 million) to The Chinese University of Hong Kong. The donation will go towards the expansion of research facilities at the Institute of Health Sciences. The institute was officially opened 14 years ago with support from Li’s foundation, and has developed into the flagship translational biomedical research center in the region. Continue reading in The Standard →

Ride hailing company Uber and NGO HelpAge India help aid vaccination efforts with free rides. Uber’s partnership with NGO HelpAge India will provide 25,000 free rides over the coming months to facilitate the vaccination of the vulnerable and disadvantaged elderly in 19 cities. This follows an earlier initiative where Uber provided 60,000 free rides to aid India’s vaccination drive. Continue reading in The Times of India →

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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

31 March 2021 - 13 April 2021

Record SG$102 million (approximately US$76 million) donated on Giving.sg in past year, surpassing previous annual records. Around 600 charities received these donations, according to the National Volunteer and Philanthropy Centre (NVPC). Like last year, Giving.sg has waived the 3% transaction fee for next year, meaning charities will continue to receive the full amount of the donation. Continue reading in The Straits Times →

Grab announces US$275 million GrabForGood Fund to provide funding and vaccine support. Grab will seed the fund with US$50 million in cash and US$200 million in Grab shares. Grab Group’s CEO and Co-founder Anthony Tan, Co-founder Tan Hooi Ling, and President Ming Maa also pledged a combined US$25 million in personal contributions of Grab shares. The fund’s first initiative will provide Covid-19 vaccine support for Grab partners, followed by grants and financial support for long-term social and environmental impact benefiting communities across Southeast Asia. Continue reading in Yahoo! Finance →

San Miguel Corporation’s new food donation drive to benefit 184,000 families in lockdown areas. As coronavirus cases rise in the Philippines, the conglomerate is ramping up its food donation efforts. This follows past donations to the country’s Covid-19 response, which have totaled over PHP13 billion (approximately US$268 million) of food aid, medical equipment and other forms of assistance. Continue reading in CNN Philippines →

Corporate India plans Covid-19 vaccination drive for its employees. Major companies—including Reliance Industries, Infosys and Tata Consultancy Services—have committed to vaccinating eligible employees and their families free of cost. The government plans to qualify such expenditure as part of a company’s CSR obligations, as long as it is part of a community-based vaccination project. Continue reading in The Economic Times →

Neera Nundy, co-founder and partner at Dasra, underscores the role of family philanthropy. Nundy outlines how India can accelerate the impact of family philanthropy, the corpus of which tripled in the past year. In fostering more collaboration, family philanthropy can play a more central role—as partners to government and nonprofits—in driving more sustainable change. Continue reading in Forbes India →

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