CAPS Spotlight: Who’s Doing Good

10 November – 23 November 2021

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→

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CAPS Spotlight: Who’s Doing Good

27 October 2021 – 09 November 2021

COP26 spurs increase in partnerships for climate action. The Climate Finance Leadership Initiative India announced its nine founding members ahead of the climate conference, which include Tata Sons, State Bank of India, Larsen & Toubro, HDFC Bank, Kotak Mahindra Bank, HSBC and Singapore’s GIC Private Limited. The initiative will focus efforts on accelerating the flow of private finance to climate actions in India.

In addition, the Bezos Earth Fund pledged US$500 million in seed capital to The Global Energy Alliance for People and Planet, to bring renewable energy to 1 billion of the world’s poorest. The alliance aims to increase this to US$100 billion within a decade by leveraging both multilateral and private capital, reports the Financial Times. Initial projects will target economies in Asia (India, Indonesia, Vietnam and Pakistan), as well as Africa and Latin America. And Bill Gates reflects on the significance of COP26 and the shifts in the role that the private sector can play in combating environmental challenges.

Azim Premji tops the 2021 EdelGive Hurun India Philanthropy List. Premji’s family increased their giving by 27% compared to last year, reports India Today. Nine women were featured on the list, including nonprofit founder Rohini Nilekani, who was named India’s “most generous woman philanthropist”. CAPS spoke with Rohini earlier in the year about her push for water and education philanthropy in India. Continue reading in India Today →

Asian billionaires are donating big to support higher education. Nguyen Thi Phuong Thao, the founder of Vietjet and Vietnam’s wealthiest woman, donates £155 million (approximately US$211 million) to Oxford college. Her donation, the largest received by Oxford in at least 500 years, will see Linacre College renamed “Thao College”, reports The Guardian. Indonesian entrepreneur Tandean Rustandy makes a US$1.25 million donation to the University of Colorado, Boulder. The major gift from the founder of ceramic tiles business PT Arwana Citramulia Tbk will support scholarships that link business and engineering studies.

India’s first Skills Impact Bond launches, set to benefit 50,000 youths over the next four years. The US$14.4 million fund is a collaboration between the National Skill Development Corporation and a coalition of global philanthropic, corporate and government partners. Partners will work to promote effective interventions, support research and enhance the impact of the skill development program. Women and girls, who have been disproportionately impacted by the pandemic, will constitute 60% of the target group, reports The Times of IndiaContinue reading in The Times of India →

Green and sustainable finance continues to gain traction in Asia. Singapore-headquartered Tembusu Partners and Eco Business launch the Sustainable Future Fund. The targeted US$100 million, Asia-focused fund will invest in climate opportunity areas including energy, sustainable cities and the circular economy. Thailand’s Indorama Ventures issues a US$300 million sustainability-linked bond. The bond will be the largest of its kind issued in Thailand, according to The Asset. Indorama says the bond is aligned with international standards and will be made available to both institutional and high-net worth individual investors.

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CAPS Spotlight: Who’s Doing Good

13 October 2021 – 26 October 2021

Fortune releases 2021 Change the World List. The list honors companies that have made measurable progress in addressing pressing social problems as part of their core business strategy. Honorees from Asia include China’s Envision Group, Kuaishou and Pinduoduo, and India’s ReNew Energy Group. Continue reading in Fortune →

Indian agricultural waste recycling project wins Prince William’s Earthshot Prize. Takachar is one of five recipients of the £1 million (approximately US$1.38 million) prize awarded to groundbreaking solutions to the world’s greatest environmental challenges. The organization won in the “Clean Our Air” category for its technology that converts agricultural waste into useable fuel and fertilizer. Continue reading in The Hindu →

Funding schemes provide boost to Covid-19 relief and recovery in the region. In India, HDFC Bank, MasterCard, the US International Development Finance Corporation (DFC) and USAID have launched a US$100 million credit facility to extend lending to micro, small and medium size enterprises. The facility aims to encourage digitization and support businesses—particularly women-owned businesses—recover from the impact of the pandemic. In Vietnam, the Southeast Asia Commercial Joint Stock Bank (SeABank) has pledged a relief package of nearly US$8.79 million to customers and communities affected by the pandemic.

Green and sustainable finance is on the rise in Asia. In Hong Kong, the government plans to issue US$22.5 billion worth of green bonds over the next five years in a bid to make the city a hub for sustainable finance. UOB Asset Management has launched the United Smart Sustainable Singapore Bond Fund to attract investors looking to invest in Singapore’s sustainability efforts. The fund will invest assets in high-quality, green, social and sustainability-linked bonds with a strong ESG mandate.

Singapore launches network to support family offices. Spearheaded by the Wealth Management Institute (WMI), the Global-Asia Family Office Circle (GFO Circle) will provide a platform for industry players to collaborate, share best practices and build new capabilities. In addition, WMI is set to launch new programs to help build investment capabilities in the sector in partnership with Dalio Philanthropies, and work with the Gates Foundation on a philanthropy masterclass, reports The Business TimesContinue reading in The Business Times →

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CAPS Spotlight: Who’s Doing Good

29 September 2021 – 12 October 2021

Corporates donate big to flood relief efforts in Shanxi Province, China. Companies including tech giants Tencent, Alibaba and Pinduoduo, and smartphone makers Xiaomi, Oppo and Vivo, have pledged US$46 million to aid over 1.75 million people affected by severe rainstorms and floods. The giving comes amid a nationwide call of common prosperity, the concept championed by President Xi Jinping that companies should focus on stakeholder value and contribute to overall societal wellbeing. Continue reading in the South China Morning Post →

Sustainable infrastructure platform launched in Singapore. Temasek has partnered with HSBC Bank to set up a US$150 million platform dedicated to sustainable infrastructure projects. Initially focusing on Southeast Asia, the aim is to scale the platform to US$1 billion in loans within 5 years. The platform will target projects in renewable energy and storage, water and waste treatment, and sustainable transport to offset the impact of climate change. Continue reading on HSBC’s website →

India’s social sector gets a boost. The country is set to establish its first social stock exchange, paving the way for nonprofit organizations and for-profit social enterprises to access capital markets. Organizations will be able to raise funds through equity, impact bonds, and other market instruments. Also, India just celebrated DaanUtsav, a week-long festival of giving and the fifth year of GivingTuesday India, led by nonprofit and CAPS partner GuideStar India. This year’s events focused on impacting millions of lives through donations and volunteering.

India’s richest are investing big in clean energy. Mukesh Ambani tops the Forbes and Hurun India’s respective rich lists, followed by Gautam Adani in second spot. Both are making significant investments in clean energy, with Reliance spending US$10.1 billion over 3 years, and the Adani Group investing US$50-70 billion over the next 10 years. These investments show Asian energy companies recognize the need to focus on renewable and clean energy sources.

Corporates and foundations seek to address social issues in Hong Kong. New World Development launches a nonprofit social housing enterprise, New World Build for Good, to research and pilot programs in pursuit of solutions for the city’s housing issues. The Wofoo Foundation donates to Hong Kong’s Lingnan University with funding to establish a laboratory in support of adolescent wellbeing. This adds to a previous donation from the foundation in 2019.

Nobel Peace Prize honors an investigative journalist in the Philippines. This year’s prize acknowledges Maria Ressa for her courage and commitment towards independent and fact-based journalism, according to the Norwegian Nobel Committee. Continue reading on the Nobel Peace Prize’s website →

Accolades for environmental justice organization in India. The nonprofit Legal Initiative for Forest and Environment (LIFE) is one of four global awardees of the 2021 Rights Livelihood Award, recognizing the organization’s contribution in providing access to justice for those protecting the country’s forests and biodiversity. Continue reading in the Hindustan Times →

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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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