CAPS Spotlight: Who’s Doing Good

07 July 2021 - 20 July 2021

Wipro commits an additional ₹1,000 crore (approximately US$134 million) of grants for Covid-19 relief. These funds will focus on universal vaccinations and build on the company’s donation of ₹1,125 crore (approximately US$150 million) in the early days of the pandemic. Wipro’s founder and chairman Azim Premji has been recognized as one of the world’s leading donors in Covid-19 relief efforts. Continue reading in The Times of India →

Corporates and foundations are pooling resources to support relief efforts as Southeast Asia’s Covid-19 infections surge. To aid relief in Indonesia, Temasek FoundationTanoto FoundationBakti Barito FoundationDBS Bank and a dozen other businesses are coordinating the sourcing and shipments of 11,000 oxygen concentrators. Indonesia’s largest tech company GoTo is leading efforts to develop a facility that will provide an uninterrupted oxygen supply directly from a production plant in East Jakarta, addressing severe shortages in hospitals. The Indonesian embassy in Singapore is also collecting donations and medical supplies from the Indonesian expat community with a target of raising US$1 million, half of which have been collected thus far.

Other economies are also receiving Covid-19 relief. Procter & Gamble is providing 300,000 care packs, worth SG$3.1 million (approximately US$2.3 million), to support migrant workers in Singapore. The Jack Ma Foundation and Alibaba Foundation announced further donations of essential medical equipment to seven Asian economies, including India and Vietnam.

Rotary and Tata Trusts announce a five-year collaboration to scale community interventions in India. The partnership will focus on water and sanitation, health, education, Covid-19 relief, economic empowerment and education, with an emphasis on women and children. The joint programs are aligned with the Government of India’s objective of achieving the UN Sustainable Development Goals. With an existing overlap in interest and convergence of activities, the collaboration seeks to scale impact and reach more communities in need. Continue reading on the Tata Trusts website →

Xiaomi Corp. co-founder Lei Jun donates US$2.2 billion to charity. Lei transferred 616 million Xiaomi shares to the Xiaomi Foundation and Lei Jun Foundation, just as the company becomes the world’s second largest smartphone maker. With this donation, the billionaire joins the likes of other Chinese tech company founders in substantially growing their philanthropic giving. Continue reading in Bloomberg →

Philanthropist Rohini Nilekani and institutional investor Social Alpha invest ₹3.05 crore (approximately US$548,000) in DanaMojo, a payment solutions platform for NGOs. The investment will help DanaMojo grow the platform, and reduce the time, energy and cost for nonprofits in managing donations. Since its inception, DanaMojo has onboarded over 900 NGOs. Continue reading in The Economic Times →

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CAPS Spotlight: Who’s Doing Good

9 June 2021 - 22 June 2021

Hong Kong companies offer HK$130 million (approximately US$16.7 million) worth of incentives to encourage Covid-19 vaccinations. New World Development is partnering with local NGOs to offer a HK$1,000 allowance to 500 underprivileged individuals. Other Hong Kong companies, including Sino Group, Hang Lung Properties, The Airport Authority Hong Kong, are offering lucky draw and discount prizes, ranging from shopping coupons to a HK$10 million (approximately US$1.3 million) apartment.

In the latest Philanthropy Impact magazine, CAPS explains how blended finance can pave the way to achieving the SDGs. Asia faces a significant financing shortfall in meeting the Sustainable Development Goals by 2030, especially in the wake of the pandemic. CAPS’ Director of Research Mehvesh Mumtaz Ahmed describes how blended finance, which uses catalytic capital from government or philanthropists to attract private capital, can help. She also showcases different blended finance strategies from across Asia. Continue reading on page 26 of Philanthropy Impact 

Companies are partnering with nonprofits and government to boost Covid relief in India. Microsoft, Hitachi, and Honeywell are working with various charities to manufacture and provide essential equipment to Indian hospitals. The foundations of Vodafone and NASSCOM are partnering with Childline India Foundation to launch a helpline for children in distress.

Additionally, Dasra launched the campaign #BacktheFrontline to raise US$10 million for over 100 NGO first responders as the country shifts from relief to rebuilding. Some of US philanthropist Mackenzie Scott’s recent bequest of US$2.7 billion is going to Indian nonprofits working in pandemic relief, such as GiveIndia, The/Nudge Foundation and Mann Deshi.

With private sector support, Covid-19 vaccination rates gain pace in Japan and Taiwan. Rakuten is preparing a nationwide vaccination rollout, collaborating with industry, academia and government to establish additional vaccination centers and administer over 30,000 daily doses. Japan’s largest companies, including Toyota Motor, Softbank and Nomura, are setting up employee inoculation facilities. In Taiwan, Taiwan Semiconductor Manufacturing Co. will purchase 5 million vaccine doses on behalf of the government. This follows recent news of Foxconn’s pledge to purchase 5 million Pfizer-BioNTech vaccines.

Korea will introduce ESG guidelines by the end of this year. The Korean Government plans to establish infrastructure and incentives to help companies embed environmental, social and governance (ESG) values in corporate strategies. It is also considering a revision of the stewardship code towards responsible investing, which would affect Korea’s National Pension Fund, currently the world’s third largest. These developments will help Korea keep pace with other Asian economies. Continue reading in The Korean Times 

Kakao’s founder Kim Beom-su (Brian) establishes new eponymous foundation. We reported in February 2021 about Kim’s pledge to donate more than half his wealth. He recently sold ₩500 billion (approximately US$440 million) worth of company shares, part of which will be put towards the newly formed Brian Impact Foundation. The foundation will support social impact projects’ research and development, and businesses developing artificial intelligence and other future-leading tech. Continue reading in The Korea Herald 

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CAPS Spotlight: Who’s Doing Good

13 May 2021 - 25 May 2021

Foreign donations continue to pour into India, but regulatory hurdles remain. Japan’s NTT pledged US$3 million; Thermo Fisher Scientific pledged US$10 million; and Silicon Valley tech leaders have organized relief, including Ethereum’s Co-Founder Vitalik Buterin who donated over US$1 billion in cryptocurrencies to the India Covid Crypto Relief Fund. The New York Times underscored ongoing concerns that India’s strict regulations on foreign funding are inhibiting donations at a time of dire need. Even crypto donations such as Buterin’s are facing legal hurdles under current FCRA regulations. While international support is critical, India Development Review’s Co-Founder and CEO Smarinita Shetty highlights how media attention on India’s lack of oxygen has skewed donor priorities, noting that humanitarian relief is still the need of the hour.

Domestic and international donors step in to aid Nepal as it battles a resurgence of Covid-19. The Chaudhary Foundation, affiliated with the Chaudhary Group, has pledged over US$1.5 million to help combat the second wave. The Foundation is also setting up an ICU ward and oxygen plant in the country’s largest government hospital, as well as importing and distributing oxygen concentrators. Gorkha Brewery joined hands with Singapore’s Lotus Life Foundation, MiRXES Pvt Ltd and Temasek Foundation to provide emergency medical supplies, including ventilators and oximeters, worth over रू200 million (approximately US$1.7 million). Temasek Foundation has also supplied 10,000 Covid-19 test kits.

HSBC commits US$100 million towards the Climate Solutions Partnership Initiative, half of which will fund projects in the Asia-Pacific region. In partnership with the World Resources Institute and WWF, the five-year initiative will focus on three areas: energy transition, habitat restoration and conservation, and carbon-cutting technologies. The initiative is part of HSBC’s climate strategy for a transition to net-zero emissions by 2050 or sooner. Continue reading in Philanthropy News Digest →

Colin Huang, Founder of Pinduoduo, tops the Hurun China Philanthropy List 2020. The billionaire gave US$1.85 billion in donations last year, according to the Hurun Research Institute. The second-most generous business leader on the list was Midea Group’s Founder He Xiangjian, who gave US$970 million last year. Continue reading in South China Morning Post →

SK Group’s building subsidiary rebrands to “SK Ecoplant” as part of efforts to enhance ESG management. The company plans to invest ₩3 trillion (US$2.67 billion) by 2023 towards its vision of growing from a conventional construction business into a leading environmental enterprise. The company will focus on expanding its use of eco-friendly building materials, embracing green technology, and transitioning towards a circular economy. Continue reading in The Korea Herald →

The Development Bank of Japan will increase ESG funding to ¥5.5 trillion (US$50.4 billion) over the next five years. The funding will support developments in hydrogen-based energy, electric vehicles and other emissions-cutting technology. It will also back companies adapting their business models to changes brought about by the coronavirus pandemic. Continue reading in Nikkei Asia →

Governance failings impede Asian companies ESG efforts, according to latest Corporate Governance Watch Report. The 10th biennial report, “Future Promise,” by the Asian Corporate Governance Association (ACGA) and CLSA provides an analysis of corporate governance in 12 markets. Despite recent progress on ESG (environmental, social and governance) standards in Asia, the report finds that the link between corporate governance and ESG policies lacks clarity, limiting meaningful sustainability efforts. While environmental issues remain high on the agenda for Asian governments, this report offers recommendations for improving corporate governance factors across the region. Continue reading in Reuters →

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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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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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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.

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 →

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CAPS Spotlight: Who’s Doing Good

17 February 2021 - 01 March 2021

Korea’s Kim Bong-jin and his wife Bomi Sul are the latest to sign the Giving Pledge, vowing to donate half of their wealth. Kim Bong-jin is founder and CEO of Woowa Brothers, which created Korea’s largest food-delivery app. Kim and his wife are the first Koreans to sign the Giving Pledge, an initiative started in 2010 by billionaires Warren Buffett, Bill Gates and Melinda Gates to encourage the ultra-rich to give away most of their fortunes to philanthropy. This follows a recent announcement by Korean billionaire Kim Beom-su, who also pledged to donate over half of his wealth to charitable causes. Continue reading in Bloomberg →

I(x) Investments, co-founded by Warren Buffet’s grandson, is among those turning to Asia for impact investing. I(x) Investments has brought together more than 65 of the world’s wealthiest families from 14 countries to invest in climate and sustainability issues. The company is among those looking to Asia both to attract new impact investors and to allocate funds to. One of its biggest bets in the region is WasteFuel, a startup developing technology to convert municipal waste into jet fuel. With plans to build a US$700 million plant in the Philippines and replicate this model in other Asian countries, the startup has already received investment from several I(x) families, including Filipino billionaire Enrique Razon. Continue reading in Bloomberg →

Tata STRIVE and Wipro GE Healthcare partner up to bridge healthcare skill gap in India. As part of the CSR partnership, Wipro GE Healthcare will design, develop and implement industry-relevant training to help underprivileged students achieve gainful employment. Tata STRIVE, the skills development CSR initiative of the Tata Community Initiatives Trust, will provide the candidates loans upon qualifying for the course. The partnership aims to skill 6,200 candidates over a period of three years. Continue reading in The CSR Journal →

IKEA partners with local social enterprise Rags2Riches in the Philippines. The Swedish multi-national company is opening its first store in the Philippines and tapping the services of Rags2Riches for a three-year partnership. Rags2Riches, a social enterprise which employs female artisans from low-income communities to create sustainable fashion and home products, will be providing sewing services in IKEA’s Philippines store. As highlighted in CAPS’ study, Business for Good: Maximizing the Value of Social Enterprises in Asia, procuring from social enterprises like this is a win-win strategy that can advance sustainable consumption as well as provide the funding and capacity building support social enterprises need to grow. Continue reading in BusinessWorld →

The GiveIndia Fundraising Challenge 2021, India’s biggest fundraising event, is helping NGOs raise crores in funds. Nearly 200 nonprofits have already raised over Rs 2 crores (approximately US$275,000) since the challenge began on February 1. The challenge will run till March 28 and is expected to raise more than Rs 15 crore (approximately US$2 million) by then. Since the timing coincides with the end of the financial year, NGOs typically leverage tax savings donors would get for donating to them to appeal for funds. Continue reading in the Business Standard →

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CAPS Spotlight: Who’s Doing Good

04 February 2021 - 16 February 2021

Korean billionaire Kim Beom-su, founder of Kakao, vows to donate over half of his wealth. Kim, who has seen his wealth rise to US$7.9 billion during the pandemic, has pledged to donate more than half of his assets throughout his lifetime. Precise details of his donation have yet to be disclosed, but Kim is expected to make an official announcement soon according to Yonhap NewsContinue reading in Bloomberg Wealth →

Trive Ventures jointly launches US$2 million venture philanthropy fund with undisclosed Singapore-based family foundation. The “Tenacious Founders Venture Philanthropy Fund” will invest in Singapore-based entrepreneurs, aiming to be a short-term bridge for founders with limited financial resources. The fund will issue financial support up to US$75,000 per founder in the form of a redeemable SAFE (simple agreement for future equity) note. The family foundation involved has requested to remain anonymous. Continue reading in the Singapore Business Review →

In India, education, healthcare, and agriculture received the bulk of US$2.6 billion in impact investments in 2020. According to the Impact Investors Council’s 2020 annual report, India saw a rise in impact investment despite the global pandemic. The education sector had a marked year, with a 65% year-on-year growth in impact investment volumes. Impact investors also actively invested in early-stage healthcare and agriculture enterprises, showing increased interest in social enterprises that take care of people and the planet alike. Continue reading in Business Today →

All you need to know about the amendments to India’s CSR Act. The Government of India made amendments to the CSR Act last month, which are now effective. Samheeta Rao, partner at GameChanger Law Advisors, outlines these recent amendments and provides a comprehensive list of their implications for corporates and nonprofits. Continue reading on IDR’s website →

Prudence Foundation and partners launch second edition of the SAFE STEPS Disaster Tech (D-Tech) Awards. The Awards identify and scale technology solutions that save lives before, during, or after natural disasters. The Awards provide funding and expert coaching for the implementation and scaling of D-Tech solutions, as well as access to pitching and networking opportunities with humanitarian representatives, venture capital fund managers, and fellow entrepreneurs. Applications close on February 19. Continue reading on the Safe Steps website →

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