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Investors, governments should take a backseat in driving philanthropy programmes: panel

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Tan Ai Leng

Tan Ai Leng

Published Tue, Jun 20, 2023 · 08:12 PM
    • Philanthropy should be conducted sustainably to continue generating value for the environment and society in the long run, says an industry stakeholder.
    • AVPN chief executive Naina Subberwal Batra says a lack of standardised metrics has become a major challenge for companies to make decisions in impact investment.
    • Philanthropy should be conducted sustainably to continue generating value for the environment and society in the long run, says an industry stakeholder. PHOTO: BT FILE
    • AVPN chief executive Naina Subberwal Batra says a lack of standardised metrics has become a major challenge for companies to make decisions in impact investment. PHOTO: ASIA VENTURE PHILANTHROPY NETWORK

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    [KUALA LUMPUR] When it comes to philanthropy, both investors and governments should empower passionate people to drive the programmes and give the necessary assistance to amplify the impact, said Temasek Foundation chief executive officer Ng Boon Heong.

    “We do not need to be the majority shareholder in every programme. Let everyone participate, and this will create a greater impact,” he said at a panel discussion at the Asian Venture Philanthropy Network (AVPN) Global Conference on Tuesday (Jun 20), the first day of the event.

    He noted how Temasek Holdings’ philanthropic arms – Temasek Foundation, Temasek Trust and Stewardship Asia Centre – have provided a space in Singapore’s Orchard Road to serve as a social impact hub for philanthropy ideas and activities.

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