With many family offices created from the disposal of a family business, the latest research confirms that they are making a significant difference when it comes to impact investing, with decisions about investments taking into account environmental considerations.
This is good to hear and remains closely aligned to the values that many of the families would have had permeating through their businesses previously too.
Clearly, families continue to make a difference even after the sale of a family firm, not to mention all the good that is done through the family firms that remain in business today too!
Family offices around the world are far more active in impact investing than originally thought, with almost two-thirds (61%) now active in the area or likely to be in the near future, according to the Global Family Office Report 2016. In a sign of its growing maturity, the wider social considerations of impact investing have even seeped into the traditional investment practices of family offices—two of the single family offices profiled in the report even said social or environmental considerations are now factored into all investment decisions. Millennials—those born between 1980 and 2000—are reportedly a key catalyst in the move towards impact investing, yet office executives have wised up to the benefits of socially responsible investing with nearly half (47%) responding that it is a more efficient way of achieving impact than philanthropy.