Renowned filmmakers Wong Kar-Wai, Peter Chan Ho-sun, and Derek Yee pledge US$33.5 million to help revive the Hong Kong Film Industry. The donation will go to Hong Kong’s new Directors’ Succession Scheme, a government-funded initiative to boost the local film industry after Covid-19. The directors have pledged to pass on their skills and experience to the next generation, and they will be pairing up with promising local filmmakers to co-produce films during this uncertain time.
Read more about CAPS’ Doing Good Index 2020 in the Myanmar Times, “Myanmar moves up in Doing Good Index 2020,” and in Arthikpati (Nepali), “डुइङ गुड इन्डेक्स २०२० सार्वजनिक, च्यारिटी∕डोनेशनका लागि राम्रो वातावरण हुनेमा सिगापुर र ताइवान.” Listen to Money FM’s interview with CAPS’ Chief Executive Ruth Shapiro, where she discusses the index and a rising trend of cross-sector collaboration across Asia.
New report: Gender Lens Investing Landscape – East and Southeast Asia. The Sasakawa Peace Foundation, in partnership with Catalyst at Large and Sagana, launched the region’s first landscape of gender lends investing (GLI) investment vehicles in both public and private markets. The report aims to track the size and state of the gender lends investing market in Asia over time.
New report: Sustainable Investing Review 2020. According to Standard Chartered’s latest report, Sustainable Investing Review 2020, sustainable investment is on the rise in Asia. 90% of investors in the region said they are interested in sustainable investment and plan to invest 5-10% of their funds in this area. Yet, the report also highlights the need for more awareness and information regarding ESG solutions, as many affluent and high-net-worth investors in the region are still apprehensive about sustainable investing.
H&M Foundation to support female garment workers in Bangladesh. The Foundation will donate US$1.3 million to provide emergency relief to an estimated 76,000 young women and their families in the greater Dhaka area amidst Covid-19. The funds will be distributed to WaterAid, CARE, and Save the Children. In response to the devastation of the textile industry caused by Covid-19, H&M foundation has also pledged long-term upskilling, re-skilling, digital literacy, and entrepreneurship initiatives to help enhance the employability of female textile workers.
Wadhwani Foundation commits Rs 200 crore (approximately US$27 million) for social development programs amidst Covid-19. The Foundation announced the Sahayata Initiative to help distressed small and medium enterprises affected by Covid-19 as well as to help public health workers improve their Covid-19 knowledge and skills. The initiative consists of three programs: the Sahayata Business Stability program, the Sahayata Covid-19 Skilling program, and the Sahayata Public Health Innovation program.
Shangri-La partners with Diversey to upcycle 12,500 kg of hotel linen into face masks for the vulnerable. 21 participating Shangri-La hotels in Southeast Asia and Sri Lanka joined the initiative Linens for Life Face Masks, together with Diversey, a global hygiene solutions provider. The hotel linens have been upcycled into half a million reusable face masks by local nonprofits in the region. The masks will be distributed to local communities in need, such as refugees and asylum seekers in Bangkok, Thailand and orphanages in Johor Bahru, Malaysia.
A joint CSR program in Malaysia to benefit 500 schools nationwide. This program by Green Packet’s subsidiary KiplePay and the Malaysia Xiang Lian Youth Association Charity and Education Fund will create an end-to-end digital experience for 500 schools. This initiative comes in response to Covid-19 which was “a wake-up call for schools to seriously consider putting in place technologically advanced protection systems that can continue to protect school children, even after the Covid-19 pandemic.”
Johnson Controls–Hitachi Air Conditioning India to train rural youth across the country. Recently, India’s Prime Minister cited air conditioning as a priority sector in the government’s push to generate jobs. As part of its ‘Unlocking Skills’ CSR initiative, Johnson Controls-Hitachi Air Conditioning India will expand skill development for the air conditioner and refrigeration industry amidst the Covid-19 pandemic. The company will leverage its trainers, specially designed curriculum, and its six skill development centers in Andhra Pradesh and Gujarat to train rural youth via a virtual platform.
Companies continue to give to Covid-19 relief efforts. In Malaysia, Tropicana and Top Glove have jointly announced a donation of RM1.8 million (approximately US$500,000) worth of medical equipment and supplies to the Ministry of Health Malaysia. In India, Hyundai Mobis donated Rs3.5 crore (approximately US$500,000), with Rs 0.5 crore going to the PM CARES Fund and Rs3 crore to distributing masks and sanitizers through a local nonprofit.
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