ADM Capital Foundation

Last updated
ADM Capital Foundation
(also known as ADMCF)
Founded2006 (2006)
Focusmarine ecology, water security, air quality, wildlife trade, forestry conservation finance, children at risk
Location
  • Hong Kong
Area served
Asia
Key people
  • Lisa Genasci
  • Linda Wen
Website admcf.org

The ADM Capital Foundation (ADMCF) is an impact-driven philanthropic foundation established in 2006 by investment manager ADM Capital. It works to address environmental and social challenges across Asia. It is a 501(c) (3) organization in the USA and has been granted tax exempt status under Section 88 of the Hong Kong Government Inland Revenue Ordinance. [1] [2]

Contents

Background

History

In 2006, ADM Capital was approached by M’Lop Tapang, a Cambodian organization working with children, to help secure funding for a permanent day centre. This became a first project for the foundation, which purchased land in Sihanoukville and built the day centre for M'Lop Tapang. This was also established to help poverty challenged children access health care and school. Other impact-driven environmental programs followed. Climate and biodiversity are umbrella themes for AMCF. [3]

Focus Areas

ADMCF responds to the environmental challenges stemming from two decades of Asian growth and works towards solutions across key areas:

ADMCF has a legacy program that works with children at risk. [3] [1]

The Approach

ADMCF initiates and incubates initiatives to fill gaps where challenges are not being addressed or a new approach to solutions is needed. It serves as a convener of organizations that have a common agenda within the key program areas. The team also helps organizations strengthen their organizational capacity and expand their networks. It promotes alliances among not-for-profits, universities and government to make sure funding is used appropriately and to minimise waste. All of ADMCF's work is underpinned by research and data to identify challenges and come up with solutions. ADMCF aggregates funding looking to make strategic philanthropic investment. [4] [5]

Initiatives

Tropical Landscapes Finance Facility

ADMCF is a partner with ADM Capital, UN Environment, ICRAF and BNP Paribas in creating the Tropical Landscapes Finance Facility for Indonesia. [12] The Tropical Landscapes Finance Facility is a loan fund and a grant fund that aims to support projects and companies in Indonesia that stimulate green growth and rural jobs. It won the 2018 Triple A Asset Award in the category of "Sustainable Finance." [13]

Related Research Articles

<span class="mw-page-title-main">Infrastructure</span> Facilities and systems serving society

Infrastructure is the set of facilities and systems that serve a country, city, or other area, and encompasses the services and facilities necessary for its economy, households and firms to function. Infrastructure is composed of public and private physical structures such as roads, railways, bridges, tunnels, water supply, sewers, electrical grids, and telecommunications. In general, infrastructure has been defined as "the physical components of interrelated systems providing commodities and services essential to enable, sustain, or enhance societal living conditions" and maintain the surrounding environment.

<span class="mw-page-title-main">Overseas Private Investment Corporation</span> Government agency of the United States of America

The Overseas Private Investment Corporation (OPIC) was the United States Government's Development finance institution until it merged with the Development Credit Authority (DCA) of the United States Agency for International Development (USAID) to form the U.S. International Development Finance Corporation (DFC). OPIC mobilized private capital to help solve critical development challenges and in doing so, advanced the foreign policy of the United States and national security objectives.

<span class="mw-page-title-main">Global Environment Facility</span> A multilateral environmental Foundation that protects the climate

The Global Environment Facility (GEF) is a multilateral environmental fund that provides grants and blended finance for projects related to biodiversity, climate change, international waters, land degradation, persistent organic pollutants (POPs), mercury, sustainable forest management, food security, and sustainable cities in developing countries. It is the largest source of multilateral funding for biodiversity globally, and distributes more than $1 billion a year on average to address inter-related environmental challenges.

<span class="mw-page-title-main">Shark fin soup</span> Soup in Chinese cuisine

Shark fin soup is a soup or stewed dish served in parts of China, Taiwan, and Southeast Asia. The shark fins provide texture, while the taste comes from the other soup ingredients. It is commonly served at special occasions such as weddings and banquets, or as a luxury item.

Dr. Sarah Mary Liao Sau-tung, GBS, MBE, JP, FRSC was former Secretary for the Environment, Transport and Works of the Hong Kong Special Administrative Region and a member of the Executive Council of Hong Kong since 2002. She was appointed on 1 August 2002 and served until 2007. She is also a Senior Adviser to the Vice-Chancellor of the University of Hong Kong on Environmental and Sustainability Matters.

Today, environmental problems in the Philippines include pollution, mining and logging, deforestation, threats to environmental activists, dynamite fishing, landslides, coastal erosion, biodiversity loss, extinction, global warming and climate change. Due to the paucity of extant documents, a complete history of land use in the archipelago remains unwritten. However, relevant data shows destructive land use increased significantly in the eighteenth century when Spanish colonialism enhanced its extraction of the archipelago's resources for the early modern global market. The Philippines is projected to be one of the most vulnerable countries to the impacts of climate change, which would exacerbate weather extremes. As The Philippines lies on the Pacific Ring of Fire, it is prone to natural disasters, like earthquakes, typhoons, and volcanic eruptions. In 2021, the Philippines ranked the fourth most affected country from "weather-related loss events", partly due to the close proximity of major infrastructure and residential areas to the coast and unreliable government support. One of the most devastating typhoons to hit the archipelago was Typhoon Haiyan, known locally as Yolanda, in 2013 that killed 6,300 people and left 28,689 injured. Congress passed the Clean Air Act of 1999, the Philippine Clean Water Act of 2004, the Climate Change Act of 2009 to address environmental issues. The country is also a signatory to the Paris Agreement. However, research has found that outside of cities, the general public doesn't feel equally informed. Environmental activists and land defenders, consisting mostly of Indigenous communities who have been attempting to bring attention to the environmental issues in the country have been met with violence or murder. As a result, the Philippines has been ranked one of the most dangerous places in the world for environmental activists.

<span class="mw-page-title-main">Wisconsin Department of Natural Resources</span> Government agency of Wisconsin, US

The Wisconsin Department of Natural Resources (WDNR) is a government agency of the U.S. state of Wisconsin charged with conserving and managing Wisconsin's natural resources. The Wisconsin Natural Resources Board has the authority to set policy for the WDNR. The WDNR is led by the Secretary, who is appointed by the Governor of Wisconsin. The WDNR develops regulations and guidance in accordance with laws passed by the Wisconsin Legislature. It administers wildlife, fish, forests, endangered resources, air, water, waste, and other issues related to natural resources. The central office of the WDNR is located in downtown Madison, near the state capitol.

<span class="mw-page-title-main">Ocean Conservancy</span> Nonprofit environmental advocacy group

Ocean Conservancy is a nonprofit environmental advocacy group based in Washington, D.C., United States. The organization seeks to promote healthy and diverse ocean ecosystems, prevent marine pollution, climate change and advocates against practices that threaten oceanic and human life.

<span class="mw-page-title-main">WWF Hong Kong</span> Environmental organization

WWF Hong Kong is the independent branch of the World Wide Fund for Nature in Hong Kong. It was established in December 1981 as World Wildlife Fund Hong Kong.

<span class="mw-page-title-main">Sustainable food system</span> Balanced growth of nutritional substances and their distribution

A sustainable food system is a type of food system that provides healthy food to people and creates sustainable environmental, economic, and social systems that surround food. Sustainable food systems start with the development of sustainable agricultural practices, development of more sustainable food distribution systems, creation of sustainable diets, and reduction of food waste throughout the system. Sustainable food systems have been argued to be central to many or all 17 Sustainable Development Goals.

Sustainable seafood is seafood that is caught or farmed in ways that consider the long-term vitality of harvested species and the well-being of the oceans, as well as the livelihoods of fisheries-dependent communities. It was first promoted through the sustainable seafood movement which began in the 1990s. This operation highlights overfishing and environmentally destructive fishing methods. Through a number of initiatives, the movement has increased awareness and raised concerns over the way our seafood is obtained.

In the densely populated Hong Kong, waste is a complex issue. The territory generates around 6.4 million tons of waste each year but is able to collect and process only a minimal portion of recyclable waste. By 2019, its existing landfills are expected to be full. The government has introduced waste management schemes and is working to educate the public on the subject. On the commercial side, producers are taking up measures to reduce waste.

The Sovereign Art Foundation (SAF) is a non-profit organisation established in 2003 by Howard Bilton, a tax lawyer and today's chairman of the Sovereign Group.

SeaWeb is a nonprofit ocean conservation organization. Their mission is to raise public awareness, to advance science-based solutions and mobilize decision-makers around ocean conservation. SeaWeb was founded in 1996 by the Environment Group of the Pew Charitable Trust as an initiative to promote ocean conservation issues for Americans. In 1999, SeaWeb became an independent 501(c)3 organization, funded mostly from private charitable foundations, but also from individual contributions. In 2015, SeaWeb became part of The Ocean Foundation.

A Green bond is a fixed-income financial instruments (bond) which is used to fund projects that have positive environmental and/or climate benefits. They follow the Green Bond Principles stated by the International Capital Market Association (ICMA), and the proceeds from the issuance of which are to be used for the pre-specified types of projects.

Environmental, social, and corporate governance (ESG), also known as environmental, social, governance, is an approach to investing that recommends taking environmental issues, social issues and governance issues into account when deciding which companies to invest in.

SeaChoice is an environmental advocacy group based in Canada. Launched in 2006, SeaChoice was created to increase consumer awareness around seafood sustainability in Canada. For 10 years, its primary goal was shifting seafood procurement to more sustainable options, with a focus on seafood suppliers and Canadian retailers. Having made significant progress in the retail landscape between 2006 and 2016, with many of their retail partners meeting their sustainable seafood commitments, SeaChoice set a new goal to increase sustainability throughout the entire seafood supply chain, from water to table.

<span class="mw-page-title-main">China Water Risk</span>

China Water Risk is a non-profit initiative based in Hong Kong dedicated to highlighting and addressing business and environmental risk arising from the country’s water crisis. Its stated aim is "to foster efficient and responsible use of water resources of the People's Republic of China by engaging the global investment and business communities, civil society and individuals in understanding and managing China’s water risk”. Its information portal www.chinawaterrisk.org provides a platform to share expert views, research, interviews and analysis from industry leaders. Users can access the most relevant and critical information to help make informed investment decisions as well as remain on top of opportunities to invest in a changing environment. China Water Risk is often quoted by business and industry news and gives talks, participate in panel discussions and moderate in various investor and business conferences and forums.

Sustainable finance is the set of financial regulations, standards, norms and products that pursue an environmental objective. It allows the financial system to connect with the economy and its populations by financing its agents while maintaining a growth objective. The long-standing concept was promoted with the adoption of the Paris Climate Agreement, which stipulates that parties must make "finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development." In addition, sustainable finance had already a key role to play in the European Green Deal and in other EU International agreements, but since the COVID-19 pandemic its role is even more important.

References

  1. 1 2 "About". Admcf.org. Retrieved 3 February 2019.
  2. "Stocks". Bloomberg.com. Retrieved 3 February 2019.
  3. 1 2 "ADM Capital Foundation - Hong Kong case studies - Coutts Million Dollar Donors Report". Philanthropy.coutts.com. Retrieved 3 February 2019.
  4. "Our Approach to Philanthropy". Admcf.org. Archived from the original on 4 February 2019. Retrieved 3 February 2019.
  5. "100 Water Heroes: Lisa Genasci". Mina Guli. Retrieved 3 February 2019.
  6. "Aarambh India". Aarambh India. Retrieved 3 February 2019.
  7. "Home". China Water Risk. Retrieved 3 February 2019.
  8. "撐香港 - 環保 - 聯署 - Environmental Change - Petition". Supporthk.org. Retrieved 3 February 2019.
  9. "Sustainable Seafood in Hong Kong". Sustainable Seafood in Hong Kong. Retrieved 3 February 2019.
  10. "Redress". Redress. Retrieved 3 February 2019.
  11. Giles, Oliver (13 December 2018). "These Activists Are Fighting To Stop Illegal Wildlife Trafficking In Hong Kong". Hong Kong Tatler. Retrieved 3 February 2019.
  12. "Tropical Landscapes Finance Facility". Admcapital.com. Retrieved 3 February 2019.
  13. "Sustainable finance: Green and social bonds among top deals in 2018". Esg.theasset.com. Retrieved 3 February 2019.