SCMP News: Hong Kong Jockey Club Forms Commission on Asian Philanthropy

Tuesday, 10 September 2024, 08:50

SCMP news reports that the Hong Kong Jockey Club has formed a new charity commission with nine Asian foundations. This commission aims to drive social impact measurement and effective philanthropy to achieve the Sustainable Development Goals (SDGs) by 2030. Led by Hong Kong Chief Executive John Lee Ka-chiu, the initiative focuses on enhancing the city's role as a global charity hub.
Scmp
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.

  1. Gabriel Leung: Indicates substantial potential for changing approaches to intractable challenges.
  2. 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.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe