Hong Kong Jockey Club partners with Rockefeller Foundation to bolster public health, protect vulnerable people from climate change
He said the collaboration, one of the institute’s first initiatives, targeted the most urgent global issue of all, climate change, and “the huge impact” it was having on public health.
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“Leveraging the convening power and financial resources of the Institute of Philanthropy in the East and The Rockefeller Foundation in the West, we aim to build nothing less than a global network of human and technology resources dedicated to strengthening global health resilience to climate change,” he said.
The club set up the institute in September with HK$5 billion (US$640 million) in seed funding to boost charities in the country and globally. Chief Executive John Lee Ka-chiu has expressed ambitions for the city to become a “major international philanthropic centre”.
The collaboration with the foundation is the club’s first major project since establishing the institute.
“The Rockefeller Foundation is honored to collaborate with the Hong Kong Jockey Club’s Institute of Philanthropy to accelerate climate solutions that simultaneously advance the field of global health and protect the most vulnerable,” said foundation president Rajiv Shah.
Over the next five years, the foundation aims to spend US$1 billion on its own initiative to test and scale solutions in public health and other sectors.
Delegation to COP28 to discuss how Hong Kong can help save the planet: official
The foundation said the club’s philanthropic institute was among 50 global organisations, which included operators in the climate, finance, health, government and civil society sectors that were consulted for their input on guidelines to address climate change. It was the only charitable trust from Asia among the 50 entities.
The guidelines on financing climate and health solutions were released at the 28th session of the Conference of the Parties (Cop28) on Saturday.
The conference is attended by global government leaders to discuss collaboration in environmental policies. This year’s edition is held in Dubai, the United Arab Emirates, and runs until December 12.