The Intellecap Lighthouse: An Anthology of Ideas & Insights

Aavishkaar Group & Intellecap

This report is an anthology of thought pieces by stakeholders from the agriculture, energy, financial services, sanitation and healthcare sectors. It includes pieces on the significance of gender lens investing and impact investing, ways to strengthen India’s overburdened healthcare system, in addition to the emergence of circularity in the textiles and apparel industry. This compilation looks to drive sustainable solutions to bring us closer to achieving the United Nation’s Sustainable Development Goals. This is the second edition of Intellecap’s Lighthouse report. Read it here.

The Legatum Prosperity Index 2020

Legatum Institute

This report quantifies prosperity in 167 countries and identifies specific actions that can contribute to strengthening the pathways from poverty to prosperity globally. The 14th edition in this series reviews progress over the past decade, with Asia-Pacific region having the greatest improvement in prosperity, accounting for the largest portion of global increase. Read it here.

CAPS Spotlight: Who’s Doing Good

23 June 2021 – 06 July 2021

With total donations valued at US$102.4 billion, India’s Jamsetji Tata—founder of the Tata Group—tops the 2021 EdelGive Hurun Philanthropists of the Century list. This is the first time EdelGive Foundation and Hurun Research Institute have spotlighted top philanthropists spanning a century. The 50 most generous individuals come from five economies, including three from China and two from India. Continue reading on the Hurun website →

Corporates and the social sector continue to support relief efforts as Asia experiences a resurgence of Covid-19. In India, Standard Chartered BankGoogle India and Vedanta Resources have pledged support towards relief efforts. Vinamilk, a Vietnamese dairy company, is supporting the domestic and regional fight against Covid-19. Korean, Taiwanese and Japanese companies operating in Vietnam are contributing to the government’s vaccine fund. In Taiwan, the Buddhist Compassion Relief Tzu Chi Foundation becomes the third organization to win approval to procure vaccines, following Foxconn and Taiwan Semiconductor Manufacturing Co. (TSMC).

CAPS explains how Asian business leaders are championing public-private partnerships for social good. As the world comes to grips with the social and economic repercussions of Covid-19, the need and potential for multi-stakeholder collaborations are becoming more evident. CAPS’ Senior Researchers Annelotte Walsh and Wilson Lau discuss how a deeply rooted desire to do good can drive business leaders to partner with government for social good. Continue reading on the WINGS website →

Zhang Yiming, founder of TikTok owner ByteDance, gives ¥500 million (US$77.3 million) to education. Zhang’s donation will be transferred to an education fund in his hometown of Longyan city. The funds will be used for teacher training, ed-tech infrastructure and the construction of dormitories, reports Bloomberg. This donation is in line with the recent trend we have reported of Chinese tech billionaires giving big. Continue reading in Bloomberg →

HKEX Foundation launches HK$10 million (approximately US$1.3 million) HKEX Impact Funding Scheme to support community projects run by local NGOs. The scheme will be implemented in partnership with the Hong Kong Council of Social Service (HKCSS) and focus on four thematic areas: financial literacy, diversity and inclusion, poverty relief, and environmental sustainability. Applications close on 11 August. Continue reading on the HKEX website → 

Indian companies unveil ambitious plans to push clean energy. Mukesh Ambani of Reliance Industries pledges INR750 billion (US$10.1 billion) over three years to clean energy investment. Last year Reliance set itself the target of becoming a net-zero carbon company by 2035. Gautam Adani of Adani Group plans to turn his business carbon negative, aiding the government’s goal to expand the country’s renewable capacity nearly fivefold and meet its 2030 climate commitments.

Singapore-based EcoWorth Tech wins at the 2021 SAFE STEPS Disaster Tech (D-Tech) Awards. The winner in the for-profit category, Eco-Worth is the creator of the Carbon Fibre Aerogel (CFA) sponge. The sponge is made from low-cost natural materials and can be used to clean organic materials from wastewater. The awards, by Prudence Foundation and partners, recognize the essential role that technology plays in protecting and saving lives before, during and after natural disasters. Continue reading on the Safe Steps website  

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

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.

Economic and Social Survey of Asia and the Pacific 2019: Ambitions beyond growth

UNESCAP

This report assesses the investment needed for the Asia Pacific region to achieve the Sustainable Development Goals (SDGs) by 2030. It argues that stable economic growth in recent years has come at the cost of heightened inequality and environmental degradation. Prioritizing GDP growth at all costs is no longer feasible nor desirable. An estimated US$1.5 trillion is needed per year for the region to meet the SDG 2030 target. The report charts the course to achieving this, highlighting the economic policies that can support structural transformations, necessary investments into human capital and the environment, and the regional and cross-sector collaborations that should be maximized. Read it here.

CAPS Spotlight: Who’s Doing Good

18 January 2021 - 03 February 2021

BRAC, the world’s largest NGO, rethinks its future. As Covid-19 continues to restrict its ability to work outside of Bangladesh, BRAC is aiming to expand its partnerships and engage more in advocacy work to scale its impact. The NGO’s shift to focus on capacity building and policy shines light on what the future of development work may look like after Covid-19. Others in the space, such as Oxfam, also foresee a shift to a partnership model rather than a direct delivery model. Continue reading in Devex →

Companies ranging from global brands to small businesses are offering pandemic aid to Thailand’s migrant workers. After the country’s recent spike in coronavirus cases, companies have stepped up to provide immediate supplies for migrant workers, who are mostly from Myanmar. CP Foods, Thai Union Group, and Osotspa have donated food and drink supplies, alongside global brands like PepsiCo and Mars. True Corp also joined the effort by donating mobile phone SIM cards to provide internet access for the migrant worker community. Continue reading in Reuters →

For Indian companies, spending on vaccine campaigns will count as CSR. The Ministry of Corporate Affairs declared that expenditure by Indian companies on awareness campaigns around the Covid-19 vaccination rollout could be counted towards their mandated CSR. Corporate spending on vaccine research and development as well as medical devices will also qualify. With these new changes, corporates are now lobbying for the vaccination of employees to also be included under the umbrella of CSR spending. Continue reading in India CSR →

Chinese philanthropy takes new shape amidst the Covid-19 pandemic. During the first half of 2020, Chinese philanthropists contributed more than US$2.82 billion to fight Covid-19. According to the report, Pandemic Philanthropy: Exploring Chinese Donors’ Embrace of Covid-19 R&D Funding, the pandemic spurred a shift in philanthropic giving from providing physical goods to focusing on research and development. This report discusses this welcome trend of investing in longer-terms needs, as well as other notable shifts in Chinese philanthropy during the pandemic. Continue reading in The Nonprofit Times →

The Philippines’ PLDT is bridging the digital divide in education’s new normal. In 2016, Smart Communications, a subsidiary of PLDT, launched “School-in-a-Bag”, a portable digital classroom designed to facilitate learning in remote areas using mobile technology. Each kit contains a laptop for the teacher, 20 tablets for students that can access interactive apps offline, and a Smart LTE pocket WiFi for teachers to download additional content. As kids rely even more on digital technology to continue learning in the pandemic, PLDT has donated an additional 86 digital classroom kits to the Department of Education this school year. Since its launch, the “School-in-a-Bag” kits have reached 80,000 students and 2,000 teachers across the Philippines. Continue reading in the Manila Standard →

The Jennifer Yu Cheng Girls Impact Foundation was recently launched to educate and empower schoolgirls in Greater China to become leaders in a digitalized economy. The new charity was launched by Jennifer Yu Cheng, executive director of Chow Tai Fook and wife of Adrian Cheng, executive vice-chairman and chief executive of New World Development. The foundation will partner with NGOs and other institutions to extend scholarships to teenage girls in underprivileged communities, starting with China’s Guizhou province. The foundation will also work to empower girls in Hong Kong with improved tech skills and wider exposure to science, technology, engineering, and mathematics (STEM) programs. Continue reading in the South China Morning Post →

Azim Premji sells shares worth Rs 9,000 crore in buyback, benefitting his two philanthropic trusts. The Azim Premji Trust and Azim Premji Philanthropic Initiatives will earn Rs 7,807 crore (over US$1 billion) from this, making them one of the largest charitable trusts in the region. Both organizations focus on education, nutrition, and issues related to vulnerable groups including street children, people with disabilities, and survivors of domestic violence. Continue reading in the Times of India →

Have a story to share? Contact us 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.

Who’s Doing Good

29 September 2020 - 12 October 2020
The Doing Good Index interactive site is now live! Packed with data from 18 Asian economies, the Doing Good Index 2020 studies the environment in which private capital meets societal needs. You can now compare how one economy performs against the Asia average, or even another economy, across four areas: Regulations, Tax and Fiscal Policy, Ecosystem, and Procurement. Please visit: doinggoodindex.caps.orgAs Covid-19 increases the imperative for the public, private, and social sectors to work together to rebuild a stronger and more equitable Asia, the Doing Good Index shows who can do what.

THE GIVERS

Raymond Roy Wong, Hong Kong’s ‘godfather of journalism’, donates HK$50 million (US$6.45 million) to Baptist University school of communication. The donation will be used to establish the Dorothy Shen Wong Memorial Fund, in honor of Wong’s late wife. The fund will support the teaching of media ethics, help advance practicing journalists, and provide scholarships for outstanding journalism students. The donation will also go towards setting up the first-ever Endowed Professorship in Media Ethics and Professional Journalism Fellowship at the university, alongside scholarships for students to acquire global exposure in the journalism field. Wong’s donation is the biggest single donation the school has received to date.

In the Philippines, tax perks await donors of computers and supplies to public schools. With schools having to transition to blended learning and online classes during Covid-19, donations of needed technology to public schools will now be rewarded with tax deductions. These new tax perks under the Bayanihan to Recover as One Act will be applied to donations of personal computers, laptops, tablets, mobile phones, printers, and other similar equipment. During the implementation period of the Bayanihan 2 Law (September 15 to December 19, 2020), corporate and individual donors will qualify for deductions from their gross income equivalent to the amount of donation. Further, the Bureau of Internal Revenue said that foreign donations will be exempt from value-added tax (VAT) as well as the requirement for ‘authority to release imported goods’ (ATRIG) to speed up the distribution of donations.

THE BUSINESSES

Companies in the Philippines are stepping up to support distance learning during Covid-19. Coca-Cola Philippines donated 200 desktop computers to its employees to support distance learning for their children during the pandemic. Gokongwei Brothers Foundation and Robinson’s Land Corporation donated 50 desktop computers and 10 laptops to Pasig City to support the local government unit’s fight against Covid-19. PLDT, its subsidiary Smart Communications, and PLDT Enterprise have teamed up with over a hundred schools, colleges, and universities nationwide, as well as Microsoft and Google, to make connectivity and digital solutions more accessible to the education sector. This includes discounted PLDT Home Wifi and Smart Bro Pocket Wifi units, pre-loaded 5G-ready SIM cards, and software licenses, among other digital solutions.

Philippine conglomerate Ayala closes new VC fund at US$180 million. Ayala Corporation’s new global venture capital fund is now the largest VC fund to emerge out of the Philippines. The Active Fund—short for Ayala Corporation Technology Innovation Venture—plans to inject between US$2 million to US$10 million into global startups in their series A to series D stages. The Fund will focus on fintech, ecommerce, construction tech, and proptech ventures, as well as companies aiming to solve urban city issues in Asia. The fund will be managed by Kickstart Ventures, a subsidiary of Globe Telecom.

Sony doubles down on ESG goals amid coronavirus pandemic. Last year, Sony adopted an official mandate to increase its focus on environmental, social, and governance (ESG) factors and be an active stakeholder in the global community. During Covid-19, Sony has accelerated its ESG initiatives, including the launch of its own US$100 million fund for Covid-19 relief efforts in March. In addition to donating to education—such as supplying free programming learning kits in Japan, China, and the United States—the company has also deployed funds to aid those in the music industry. As part of its environmental initiatives, Sony has set up a separate fund to support startups developing environmental technologies, with plans to invest US$9.46 million over the course of the next three to five years. Alongside these and other ESG efforts, the company also aims to achieve a “zero environmental footprint” by 2050.

NagaWorld Kind Hearts donates US$2 million to Water Wells Foundation. NagaWorld Kind Hearts, the corporate social responsibility (CSR) arm of NagaWorld, Cambodia’s largest hotel and gaming resort, announced a US$2 million donation to the Water Wells Foundation. This donation is NagaWorld’s answer to the Royal Government’s call for assistance in the sustainable rural development of Cambodia. Since 2014, NagaWorld Kind Hearts has conducted a range of CSR activities in Cambodia focused on education enhancement, community engagement, sports development, and environmental care, as well as aiding the government’s Covid-19 relief efforts over the past year.

THE INNOVATORS

Indonesia may have quietly beaten dengue fever. Indonesian researchers have quietly achieved a major breakthrough that could lead to the elimination of dengue fever—a mosquito-borne disease that affects around 8 million Indonesians per year. Working with the Tahija Foundation and Jogjakarta’s Gadja Mahda University, the World Mosquito Program has made stunning strides in efforts to reduce incidences of dengue in parts of Indonesia. This article details how trials in Jogjakarta have successfully increased the percentage of mosquitos with Wolbachia, which can help block the transmission of dengue and other viruses like zika, chikungunya, and yellow fever. This development is timely as Indonesia’s Health Ministry reported in June 2020 that 400 cities and districts across the country have recorded cases of double infection, where dengue and Covid-19 have occurred together in one patient.

Bridging the food waste and food insecurity gap: how Singaporeans are doing their part. Singapore’s food waste has risen by one fifth in the last decade, yet many remain without access to nutritious meals. This article highlights some recent innovations—from virtual food banking apps to social enterprise cloud kitchens—and how government, businesses, and nonprofits are coming together to ensure quality food donations and efficient distribution. These innovations and collaborations are also giving a boost to struggling sectors of the economy, such as the F&B industry. New sources of funding are also emerging in this area: DBS Foundation introduced a new Zero Food Waste category to its grant program this year and the government’s National Environment Agency announced a SG$1.76 million (approximately US$1.3 million) Food Waste Fund to cover the cost of implementing food waste treatment solutions for local organizations.

IN OTHER NEWS…

Tencent’s 9/9 Charity Day breaks fundraising records once again, but gains are unequally distributed. The year’s 9/9 Charity Day raised a record-breaking total of nearly US$450 million in donations. However, a recent report by the Charity Forum found that one-third of the total donations went to four big organizations—the Chongqing Charity Federation, China Charities Aid Foundation for Children, and Henan and Shaanxi provincial charity federations—all of which are organized and backed by the state. This leaves hundreds of smaller nonprofits and grassroots organizations competing for the remaining donations. Another report by Sixth Tone also raises the concern that after years of competing with these charity giants, some smaller nonprofits have ceased to participate at all.

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

15 September 2020 - 28 September 2020

THE GIVERS

Philanthropists in Indonesia rally to support arts during crisis. Indonesia’s philanthropists are calling upon their peers to support the arts during Covid-19, pointing to the creative industry’s role in propping up regional economies across the country. However, Indonesian Arts Coalition board executive Linda Hoemar Abidin points out that there are a number of regulatory bottlenecks that prevent corporate and individual philanthropists from donating to the sector. One example is that only up to 5% of corporate income is eligible for tax deductions for charitable donations. CAPS’ Doing Good Index 2020 found that Indonesia has one of the lowest limits on eligible income, virtually cancelling out the incentivizing effect of tax deductions. The former finance minister suggested allowing wider tax breaks as part of the government’s super deduction tax program—issued last year—to encourage businesses and philanthropists to fund the creative industry. The super tax deduction initiative offers a major tax cut of up to 300% aimed at boosting investment, research and development, and the participation of businesses in improving Indonesia’s human resources.

Hong Kong’s richest man steps up donations amid downturn. Li Ka-shing’s charity is donating HK$170 million (US$22 million) to four local universities to further aid the city, which has been battered by political turmoil, Covid-19, and an economic downturn. The donation will be used to help establish biochemistry, biomedical, and sustainable technology research facilities, as well as artificial intelligence learning and teaching solutions. In a statement from the charity, Li said that he made the donation “to advance education excellence amidst uncertainties.” Li has already given away at least US$206 million in the past year to local universities, small businesses, and medical services in Hong Kong amidst the Covid-19 pandemic.

Tencent co-founder Charles Chen’s Yidan Prize unveils 2020 award winners. The Yidan Prize Foundation, a global philanthropic education foundation set up by Charles Chen, announced the winners of its 2020 Yidan Prize. The prize recognizes individuals and teams who have contributed significantly to education research and education development. This year the Yidan Prize for Education Research will be awarded to Stanford University Professor Carl Weiman. The Yidan Prize for Education Development will be awarded to Lucy Lake and Angeline Murimirwa from the Campaign for Female Education. Charles Chen lauded the laureates in a statement, “The outstanding achievements and commitment of this year’s laureates demonstrate that in a post-pandemic world, education continues to be of vital importance to solving future problems and creating positive change in individuals, communities, and the environment.” 

THE BUSINESSES

Walmart Foundation announces two new grants to help India’s smallholder farmers. The philanthropy arm of retail giant Walmart announced two new grants totaling US$4.5 million to help improve farmer livelihoods in India. Specifically, the grants will help two NGOs, Tanager and PRADAN, to scale their efforts in helping farmers. Tanager will receiver over US$2.6 million to extend its Farmer Market Readiness Program and help farmers in Andhra Pradesh. PRADAN will receive US$1.9 million to launch its Livelihood Enhancement through Market Access and Women Empowerment (LEAP) program in West Bengal, Odisha, and Jharkhand in eastern India. These two grants are part of a commitment Walmart made in September 2018 to invest US$25 million over five years for improving farmer livelihoods in India. 

Citi steps up its commitment to youth employment, skills development, and innovation across Asia Pacific. Citi and the Citi Foundation will collectively invest US$35 million in philanthropic contributions and grants by 2023 to improve the employability of youth from low-income and underserved communities in Asia. The bank will also offer 6,000 jobs and 60,000 skills training opportunities for young people at Citi Asia over the next three years. This regional commitment is part of Citi’s expanded global “Pathways to Progress” initiative, which is designed to equip young people with the skills and confidence to improve their employment and entrepreneurship opportunities and make a positive impact in their communities.

Swire Group’s “TrustTomorrow” pledges HK$14 million (approximately US$2 million) for community funding. The TrustTomorrow initiative will fund relief support, benefitting over 100,000 people in Hong Kong through 85 organizations. The initiative aims to support vulnerable groups most affected by the pandemic through efforts focused on food, hygiene, family wellbeing, and social capital. The initiative will also focus on strengthening NGOs during the pandemic by offering in-depth auditing to evaluate where they stand in terms of their digital strategy and what gaps to fill to strengthen their services and operations. TrustTomorrow is larger than just pandemic relief efforts though: the long-term vision of the program is to bring lasting benefits and opportunities to “build a better tomorrow for Hong Kong”. This includes supporting areas such as education, marine conservation, and the arts.

Singapore sovereign wealth fund Temasek invests in sustainable water fund. A clean-water venture capital fund from clean technology investor Emerald Technology Ventures has attracted US$100 million in commitments. Singapore’s sovereign wealth fund Temasek is the cornerstone investor, joined by Microsoft, water technology firm SKion Water, water provider Ecolab, and others. The fund is also supported by Enterprise Singapore, a government agency. The fund will invest in early- to expansion-stage businesses that address water challenges around the world. This includes financing technologies that conserve water resources, support sustainable cities, improve resource efficiency, adapt to climate change, and reduce health risks. Emerald Technology Ventures is expanding in the Asia-Pacific region. It opened a Singapore office last year to house a water technology incubator to support local companies.

THE NONPROFITS

Singapore to help charities go digital, boost transparency. Singapore plans to roll out three initiatives later this year to help charities strengthen their digital capability, regulatory compliance, and transparency. First, the Charities GoDigital Kit will be launched to help charities build their digital capacity during the Covid-19 pandemic. Second, the Ministry of Culture, Community and Youth will revise and publish a new transparency framework that helps charities of different sizes define their policy and approach to transparency—ultimately helping them build trust with donors and stakeholders. Third, the Institute of Singapore Chartered Accountants, Law Society Pro Bono Services, and Shared Services for Charities have been added to a list of partners who help charities in Singapore access IT solutions, recruit talent, and file annual reports and financial statements at low or no cost. Offering these shared services will help enable charities to be more transparent and productive by allowing them to outsource this work and focus on their activities and programs.

IN OTHER NEWS…

Amnesty suspends India operations after accounts are frozen. Financial Times reports on how Amnesty International is suspending its operations in India after the government has frozen its bank account. Amnesty has had to halt its work and lay off 140 Indian staff members. The Enforcement Directorate, the agency responsible for freezing Amnesty’s bank accounts, has yet to make a statement.

FCRA amendments hurt India’s development and democracy. In her op-ed for Bloomberg, Ingrid Srinath, founding director of the Centre for Social Impact and Philanthropy at Ashoka University, discusses how amendments to India’s Foreign Contribution Regulation Act (FCRA) pose potential hazards to development and democracy in India. Srinath focuses on four of the proposed amendments: the ban on regranting FCRA funds to other FCRA registered organizations; the 20% cap on ‘overhead’ spending; the requirement to provide Aadhaar details of board members and senior functionaries; and the mandate to route all FCRA funds through the State Bank of India, New Delhi. She warns how these amendments could hinder collaboration—a cornerstone of India’s Covid-19 relief efforts—as well as talent recruitment, innovation, and impact measurement in the sector. These amendments will also increase the regulatory burden for social sector organizations, therefore disadvantaging smaller, rural, and grassroots nonprofits. Noshir Dadrawala at the Centre for Advancement of Philanthropy also explains the proposed changes in more detail in this article. CAPS’ Doing Good Index 2020 also found that growing oversight of nonprofits receiving foreign funding is having a dampening effect on the sector. 

We’d also like to hear from you. How is your organization responding to Covid-19? Email us your stories at research@caps.org

Step Back for Advancing: Exploration and Practices of Chinese Foundations in Childhood Education

China Global Philanthropy Institute

In 2017, over 2,000 foundations in China carried out nearly 6,800 philanthropic programs in the field of childhood education. This report provides background on the current situation and policy environment in this field, and analyzes the features of these programs, their impact and future development trends. It also includes 12 in-depth case studies of innovative programs. Read it here: English, Chinese.