Building Back Greener: Addressing Climate Change in Asia

Climate change and environmental degradation are increasingly impacting our society and have highlighted the necessity for collective action by individuals, governments, and the private sector. However, in a region where most economies are still emerging, striking a balance between ambitious environmental efforts and development goals adds a layer of complexity.

This report examines the ways in which Asian private capital—from corporations, investors and philanthropists—is being brought to bear on environmental challenges. Drawing insights from interviews with 163 individuals and experts from companies, foundations, and nonprofits across 10 Asian economies (Mainland China, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, Philippines, Chinese Taipei, and Thailand) we look at what actions local companies and organizations are taking to adapt to and mitigate environmental challenges. It provides unique Asian perspectives on climate action and offers recommendations for public and private sectors.

The report identifies four characteristics of the ways in which funders push resources towards environmental challenges, identifies the challenges companies and organizations face when doing so and presents recommendations and next steps for funders in this space.

Community philanthropy on the rise in China, driven by ultra wealthy families

Alliance Magazine

Philanthropy and other forms of private social investment are becoming commonly accepted and even expected in China, leading to a positive shift in the way philanthropy is viewed.  That’s according to a report published by the Centre for Asian Philanthropy and Society analysing ultra-high-net-worth giving in Mainland China, Hong Kong and Chinese Taipei.

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The Tao of Giving: Insights into Ultra-High-Net-Worth Giving in Greater China

In late 2022 and early 2023, CAPS surveyed 135 ultra-high-net-worth (UHNW) individuals—those worth more than US$30 million—across mainland China, Hong Kong, and Chinese Taipei.  Respondents answered questions about their philanthropy and other private social investments as well as their sources of advice, the impact of philanthropy on their personal lives and families, and their interest and engagement on social and environmental issues.  

This report draws on the analysis of these findings, building on CAPS’ studies and observations on philanthropy in the region. Findings show that UHNW individuals and families in Greater China are actively doing good and that philanthropy and social investments are seen as benefiting UHNW families across generations.  

在2022 年末至 2023 年初期间,CAPS向135 位来自中国内地、香港和中华台北拥有超过 3,000 万美元家族凈资产的高凈值个人或家族成员代表进行了问卷调查。受访者就财富管理、公益慈善事业、私人社会投资、获得专业建议的信息渠道、公益慈善事业对个人生活和家族的影响,及他们对社会和环境议题的关注点等方面回答了一系列问题。

本报告基于对调查结果的分析、CAPS 过去十年对整个亚洲的慈善家的研究和观察,以及广泛的文献综述。我们的研究表明,在大中华地区,超高凈值个人和家族将社会投资视为财富管理、家族传承和对社会的承诺的一部分。在此基础上,我们得出了四个主要洞察。这些发现构成了本报告的主要内容,随后的章节将探讨这些发现对亚洲私人社会投资和财富管理所产生的影响。

DECODED: Donor-Advised Funds in the Asia-Pacific

Our DECODED series unpacks, explains and crystallizes issues critical for social investment in Asia. It draws upon our expertise in research and access to an extensive network of sector experts and philanthropists in 18 Asian economies enabling us to identify emerging trends in the region. Through DECODED, we translate these concepts into digestible insights.

This edition of DECODED looks at the emergence of donor-advised funds (DAFs) in the Asia-Pacific and identifies the different models and motivations for setting up this type of fund in the region. While yet to become mainstream in most Asia-Pacific economies, donors, sponsoring organizations and social innovators have a strong and growing interest in the potential of DAFs to facilitate strategic philanthropic giving in the region.



Hong Kong Opens Doors to Billionaires in Family Office Push


Hong Kong has made attracting family offices — set up by the super rich to manage their lives and finances — a key mission under Chief Executive John Lee. In a statement announcing the event, officials said it would build stronger connections and encourage more of them to come to the city. Continue reading here.

陳啟宗︰港擁獨特優勢 擔當亞洲慈善樞紐角色



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Hong Kong should offer incentives for philanthropy to compete with Singapore for family offices, study says

South China Morning Post

City should offer tax incentives and allow the cross-border flow of charity capital, according to a study by the Centre for Asian Philanthropy and Society. Hong Kong currently loses to Singapore in terms of tax incentives for attracting charitable foundations, study shows. Read more here.

Hong Kong as a Philanthropy Hub

This report was produced in collaboration with the Better Hong Kong Foundation (BHKF). Highlighting how Hong Kong can enhance its attractiveness, for both individual and corporate private wealth owners, the report discusses how the city can develop its role as Asia’s pre-eminent philanthropy hub.

Asia’s social sector sees a funding decline

SME Horizon

COVID-19 has exacerbated income inequalities and social disparities across Asia, serving as a force multiplier for trends already in place. Assessing performance across four sub-indexes – Regulations, Tax and Fiscal Policy, Ecosystem, and Procurement – CAPS’ biennial flagship study, the Doing Good Index 2022, examines the social investment landscape in Asia. Read here.