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Laxman Pai, Opalesque Asia: Family offices are increasingly focusing on the returns achieved through ESG investing amid shifting priorities, said a study.
According to the new global research from Ocorian, almost all (99%) agree ESG principles are a key consideration for family office investment priorities and 80% agree it is part of their fiduciary duty.
The study with family office professionals including those working for multi-family offices found that there is currently some disagreement about ESG as part of fiduciary duty - around 14% agree ESG is part of fiduciary duty only if it makes returns while another 6% are indifferent or say ESG is not part of a fiduciary duty.
There is also a shift in views over how the focus on ESG principles as part of fiduciary duty will develop over the next three years, according to Ocorian's international study among more than 300 family office professionals collectively responsible for around $155 billion assets under management.
Around 61% say the focus on ESG principles from a fiduciary perspective will only be tenable if ESG investing is making acceptable returns and 19% say the focus on ESG principles is only for reputational purposes.
Meanwhile, about one in eight (12%) say they have not had a focus on ESG principles from a fiduciary perspective in the past but that is changing while 8% say it has never been a focus and that will not change.
Amy Collins, Head of Family Office at Ocorian said: "ESG invest...................... To view our full article Click here
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