CAPS Spotlight: Who’s Doing Good

10 November – 23 November 2021

Dear Friends,

I recently had the privilege of speaking at our partner MSD Vietnam’s web conference, Responsible Business in the Context of Covid-19. As evidenced by early results from the Doing Good Index 2022, the social sector in Vietnam is poised to go through a number of changes. Vietnam’s elevation to a middle-income country has resulted in a decline in foreign aid, which historically social delivery organizations have largely relied on. Promisingly, some signs of adaption within the social sector are visible as local individual and corporate social investment is beginning to take a more expansive role.

Warm regards,
Ruth A. Shapiro
Co-Founder and Chief Executive

 

 

Cross-sector collaborations target climate action. The Asian Development Bank is aiming to mobilize US$100 million in catalytic capital from public and private sources to incentivize climate investments and help Asian economies transition towards net-zero emissions. Michael Bloomberg says India is a model for public-private collaboration for the climate: “Success will only come by making full partners of the private sector – and India is showing how it can be done.”

Regional and international companies pledge to address social needs across Asia. Corporate philanthropy across the region can benefit communities and address needs, helping to supplement government or social sector support. Ayala Corporation launches Alagang AyalaLand Center for social enterprises in Quezon City, Philippines, one of 32 similar centers that can support a potential 4,000 jobs for the community. Supermarket giant Wellcome aims to raise HK$5 million (approximately US$641,000) in Hong Kong and Macau through a rice donation program amid rising poverty. In Singapore, UBS pledges S$2 million (approximately US$1.47 million) funding for mangrove conservation across Asia. And Google makes a US$1 million donation to Taiwan FactCheck Centre for fighting disinformation, as well as pledging US$2.5 million for women’s empowerment in India.

Pakistan Petroleum Limited largest corporate giver. Pakistan Centre for Philanthropy (PCP) awarded the company the Corporate Philanthropy Award for its giving in 2019-20. PCP–CAPS’ partner for the Doing Good Index—has also released the findings of its latest survey on corporate philanthropy in Pakistan. Continue reading in The News International→

Kamath brothers launch Young India Philanthropic Pledge. Zerodha co-founders Nikhil and Nithin Kamath pledge a quarter of their wealth to philanthropy. The Young India Philanthropic Pledge will see signatories (aged 45 and younger) pledging 25% of their wealth with a minimum annual spend of ₹1 crore (approximately US$134,000). Continue reading in The CSR Journal→

Collaboration between business and civil society. Recognizing each other’s strengths and expertise can be a good starting point for effective partnerships. NGOs often possess a nuanced understanding of the risk landscape as it relates to underrepresented groups. They are well placed to provide contextual knowledge in areas where corporations may lack. This resonates with our Doing Good Index 2020, which found that 11 economies in Asia are witnessing a rise in corporate social responsibility and public-private partnerships for social good. Continue reading in Nikkei Asia→

How has Covid-19 impacted NGOs in the Philippines? As part of CAPS’ biennial survey for the Doing Good Index, the Association of Foundations surveyed 150 NGOs to understand how they have adjusted and sustained their work during the pandemic. Findings from the survey show nine out of 10 NGOs are directly supporting Covid-19 relief efforts, many of which have formed new collaborations with government, corporates and other NGOs as a result. Meanwhile, efforts to safeguard communities against Covid-19 continues as the Aboitiz Group fully vaccinates over 9,000 in Davao, Philippines.

Sri Lanka’s wheelchair tennis receives donations. The US$30,000 donation came from Colombo International Container Terminals (CICT) and China Merchants Foundation (CMF). This latest donation brings the cumulative value of CICT’s and CMF’s financial support to Sri Lanka’s wheelchair tennis program over the past six years to approximately US$203,700. Continue reading in the Sunday Observer→

Malaysian investors can now donate their unit trust funds to charity. Amanah Saham Nasional Bhd (ASNB) launches new Wakaf ASNB service, allowing investors to contribute to charity through their investing. Continue reading in the Malay Mail→

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

Sustainable Investment – Impact in Asia

UNDP & Asia Asset Management

This book explores the advances in sustainable investment in Asia, tracing its evolution from philanthropy to impact investing and ESG (environmental, social and governance) investing. The United Nation’s Sustainable Development Goals (SDGs) are noted as a key driver of developments in this field.

The book also looks at the critical role of government and private sector players in facilitating and financing sustainable investments. Successful examples of sustainable investment across Asia include Japan’s private sector investment innovations, the burgeoning Green Bonds market in Asia, blended social finance in China, impact investing in Sri Lanka, and regional developments in Southeast and South Asia. 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

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.

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.

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.

 

Insights with Mehvesh Mumtaz Ahmed: Doing Good Index 2020

CAPS’ Director of Research Mehvesh Mumtaz Ahmed shares insights from the second edition of the biennial Doing Good Index, launched in June 2020.

Webinar: Doing Good Index 2020

Profiling Asia's Social Sector: The Path Forward

The Centre for Asian Philanthropy and Society (CAPS) introduces its second edition of the Doing Good Index (DGI). Hear from Dr. Ruth Shapiro, Co-Founder and Chief Executive, and Mehvesh Mumtaz Ahmed, Director of Research at CAPS, as they present key findings from the DGI2020 and showcase how governments, philanthropists, companies and the social sector can work together for mutual benefit. During the webinar, learn which factors enable or hinder private social investment across 18 countries and territories in Asia.

Doing Good Index 2020

Profiling Asia's Social Sectors: The Path Forward

Doing Good Index interactive site

Our interactive site lets you visualize, explore and compare. It has graphics and maps to help you understand Asia at a glance. Economy profiles present a visual and digestible deep dive into each economy.  The data dashboard allows you to compare one economy with another, or with the rest of Asia.

What is the Doing Good Index?

The Doing Good Index 2020 showcases factors that drive or hinder private capital flowing towards needs in 18 Asian economies. It shows how, at a time when foreign funding is declining across the region, “Asia for Asia” philanthropy and other types of private social investment can fill the gap.

The Doing Good Index provides a roadmap for actions that can unleash this capital by aligning incentives around doing good; mitigating the trust deficit; and maximizing private social investment. With these policies and practices in place, an enormous US$587 billion per year can be mobilized towards doing good.

Our 2020 index is based on original data gathered from surveying 2,189 nonprofits and social enterprises and interviewing 145 country experts across 18 Asian economies. Its lessons are more timely than ever, as it shows how the public, private and social sectors can come together to work towards a stronger and more equitable Asia as we build our way out of the Covid-19 pandemic.

Read the press release here, and download the full report below. Want to listen instead of read? Watch us present the main findings.

The Doing Good Index is published every two years. Read the inaugural edition from 2018, and look out for the Doing Good Index 2022 which will reveal how Asian economies have fared following the pandemic.