CAPS Spotlight: Who’s Doing Good

01 September 2021 - 14 September 2021

Alibaba commits ¥100 billion (US$15.5 billion) to “common prosperity” vision. China Daily reports that the funding will go towards supporting technological innovation, economic development, developing a high-quality workforce, caring for vulnerable groups, and setting up a ¥20 billion (approximately US$3.1 billion) common prosperity development fund. Continue reading in China Daily →

The family of CAPS’ Chairman Ronnie Chan has been active on both sides of the Pacific. In Hong Kong and mainland China, their Hang Lung Properties group hosted a sustainability-themed volunteer day where 800 corporate volunteers in 10 cities dedicated their time to promoting low carbon living and delivering care to over 5,000 people in need. And in the US, the Chans’ Morningside Foundation has donated US$175 million from their philanthropic organization to the University of Massachusetts Medical School.

Hyundai Motor Group’s honorary chairman Chung Mong-koo pledges ₩10 billion (US$8.63 million) for vaccine research. The funds will be donated to the Korea University Medical Center for establishing a vaccine research center to expand the infrastructure needed to develop homegrown vaccines for infectious diseases. Continue reading in The Korea Herald →

WWF India and the Confederation of Indian Industry (CII) launch the India Plastics Pact. India generates 9.46 million tonnes of plastic waste annually. Almost half (43%) of all plastics produced are used for packaging, with the majority being single-use. The Pact brings together businesses, government, and NGOs to resolve these issues by promoting a circular system for plastics. India is the first Asian economy to launch a Plastics Pact. Continue reading in Business Line →

Cambodia’s Prince Holding Group signs MoU with the Ministry of Education, Youth and Sport (MoEYS) to launch the Chen Zhi Scholarship. The company has pledged US$2 million over seven years to support 400 students attending top Cambodian universities. Prince Group will work with MoEYS to ensure the students receive financial support, training, mentoring and employment opportunities. Continue reading in the Khmer Times →

India’s water quality and scarcity issues require solutions that offer speed, scale, and sustainability. Arghyam’s Jayamala Subramaniam and Amrtha Kasturi Rangan share how a people-centric, participatory and digital driven approach can help India manage its water more effectively. CAPS’ report, Public-Private Partnerships for Social Good, highlights the strategies successful PPPs such as Arghyam use to achieve sustainable social impact. Continue reading in India Development Review →

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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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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.

Philanthropic Collaboratives in India: The Power of Many

The Bridgespan Group

This report shines a spotlight on the role philanthropic collaboratives can play in addressing India’s societal challenges at scale. It outlines the driving forces for Indian philanthropists and other stakeholders to collaborate, the conditions necessary for creating effective partnerships, and how stakeholders can work together to maximize impact. Insights are based on surveys conducted with 35 stakeholders affiliated with 13 philanthropic collaboratives, in addition to 50 interviews with stakeholders from Indian and global collaborative efforts. Read it here.

CAPS Spotlight: Who’s Doing Good

04 August 2021 – 17 August 2021

Huawei announces a US$100 million investment in the Asia Pacific startup ecosystem over the next three years. The investment will go towards the company’s Spark Program, a startup accelerator which has been helping Singapore, Malaysia, Thailand and Hong Kong build their startup hubs. The program will focus on developing additional hubs in Indonesia, the Philippines, Sri Lanka, and Vietnam. Continue reading on Huawei’s website →

9 private banks partner with BRAC to strengthen its public awareness and emergency support campaigns as Covid-19 surges in Bangladesh. Donations amounting to TK15.95 crore (approximately US$1.88 million) will be used to deliver cash support, masks and preventative services in 20 high-risk districts across the country. Continue reading in the Dhaka Tribune →

Communities, nonprofits and social enterprises support pandemic relief in Asia. In Thailand, volunteers help the elderly and vulnerable who have become isolated as a result of the pandemic. In Vietnam, an estimated 90 community groups and organizations provide emergency donations, free counseling services and online learning courses for children. The World Economic Forum releases a list of the top 50 social enterprises providing critical support on the frontlines in India.

Khazanah Nasional Berhad—Malaysia’s sovereign wealth fund—announces RM6 billion (US$1.4 billion) fund to increase its high-impact, commercially viable investments over the next 5 years. The funds are expected to focus on investments that create impactful economic and social benefits as well as environmental, social and governance (ESG) areas. Continue reading in Reuters →

Founder and chairman of MBK Partners Michael ByungJu Kim pledges KRW30 billion (US$26.5 million) to the Seoul Metropolitan Government. To be used for the construction of a public library opening in 2025. Continue reading in Business Korea →

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CAPS Spotlight: Who’s Doing Good

21 July 2021 - 3 August 2021

Philanthropists, corporates and the social sector donate to flood relief in Henan Province. China’s largest tech companies, including Tencent Holdings, Alibaba Group Holdings, Meituan, ByteDance and others, announced donations amounting to nearly ¥1 billion (US$154 million). State owned enterprises donated ¥686 million (approximately US$106 million).

Foundations and nonprofits also stepped up, including the Chinese Red Cross FoundationChina Siyuan Foundation for Poverty AlleviationLi Ka Shing Foundation and AmCham ChinaReuters reported that donations nearing US$300 million flowed to the flood-hit region.

Alibaba founder Jack Ma tops the 2021 Forbes China Philanthropy List. Ma and Hangzhou-based Alibaba made combined cash donations of ¥3.2 billion (approximately US$493.4 million) in 2020. The top 100 philanthropists donated a total of ¥24.5 billion (approximately US$3.79 billion)—a 37% increase from the preceding year. Continue reading in the South China Morning Post 

Sasakawa Peace Foundation commits US$5 million to supporting female entrepreneurs in Southeast Asia. The capital will be invested in Beacon Fund, an investment firm working with women-owned and women-focused enterprises. It will add momentum and help build the gender lens investing ecosystem in the region. Continue reading on Sasakawa Peace Foundation’s website 

Google.org commits US$7.5 million in grants and other support to help alleviate the current pandemic crisis in six Asian economies. US$1.5 million will go to UNICEF and support urgent needs in Pakistan, Thailand, Malaysia, Vietnam and the Philippines. US$1 million will go to the International Federation of Red Cross and Red Crescent Societies (IFRC) to address needs in Indonesia. US$5 million worth of Ad Grants will go to local government agencies and organizations across Southeast Asia to run public health information campaigns for free. Continue reading on UNICEF’s website →

United In Diversity (UID) Foundation and Gajah Tunggal Group donate 2,000 tons of liquid oxygen to fight Indonesia’s surge in Covid-19 cases. The donation was made to the Ministry of Health and will be distributed to hospitals experiencing oxygen shortages. Continue reading in Antara News →

LGT Private Banking launches first impact fund. US$900 million worth of investments will be made in rapidly growing, innovative and sustainable businesses in India, Europe and Latin America. Most of the investments will be in sectors such as education, healthcare, sustainable food and agriculture, renewable energy, fintech and others. Continue reading on LGT’s website →

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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

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  

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Philanthropy for Sustainable Development in China 2020

UNDP & China Foundation Center

This report examines how philanthropy in China is contributing to meet the United Nation’s Sustainable Development Goals (SDG) 2030 Agenda. Findings are underpinned by a quantitative analysis of the China Foundation Center’s database which contains nearly 100,000 charitable projects between 2015 and 2018. The report also showcases insights derived from in-depth interviews with philanthropic practitioners, and concludes with recommendations for policy advocacy, enhancing collaboration and boosting SDG financing. Read it here.

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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