SCMP News: Hong Kong Jockey Club Forms Commission on Asian Philanthropy
Establishment of the Commission on Asian Philanthropy
The Hong Kong Jockey Club Charities Trust has partnered with nine major foundations to establish the Commission on Asian Philanthropy, focusing on impactful solutions for Asia's socio-economic and environmental challenges.
Goals of the Commission
- The commission aims to align philanthropic efforts with Sustainable Development Goals (SDGs) for 2030.
- Emphasizes an 'in Asia, for Asia' approach to enhance effectiveness in diverse societies.
Key Commentary from Leaders
Notable figures such as Gabriel Leung, executive director of charities, and Princess Nouf bint Muhammad bin Abdullah of the King Khalid Foundation, underscore the need for an Asian voice in philanthropy.
- Gabriel Leung: Indicates substantial potential for changing approaches to intractable challenges.
- Shen Beili: Points out that only 17% of SDGs are on track.
Opportunities for Impact Investing
Financial Secretary Paul Chan Mo-po highlights Hong Kong's capacity as an international financial center, proposing innovative financial products to support impact investing across the region.
Shifting Perspectives on Philanthropy
Experts like Jason Saul stress the necessity of outcome-focused measurement rather than standard metrics, advocating for organic measures of success that empower charity organizations.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.