Family Office Focus on ESG, Philanthropy Expected to Grow

Environmental, social and governance (ESG) principles are key to family office investment priorities — and family office professionals expect an increasing focus in this area, according to a report by Ocorian.

Ocorian’s survey of over 130 single- and multi-family offices, Family Offices and the role of third party service providers, found that 94% of respondents said ESG principles are a key consideration in family office investment priorities (40% strongly agreed and 54% slightly agreed with this idea). Similarly, 91% said they see ESG as part of their fiduciary duty.

Looking to the future, almost all respondents expect an increased focus on ESG principles from a fiduciary perspective over the next three years: 37% foresee a dramatic increase and 51% a slight increase.

The survey also asked about philanthropy. Almost all respondents (91%) predict an increase in the level of philanthropy from family offices and ultra high net worth families over the next three years, with 29% expecting a dramatic increase and 62% a slight increase.

About the Author

Margaret Steen

Margaret Steen is the editor of FO Pro, The Family Office Professional. Based in Silicon Valley, she has written for Family Business Magazine for more than 15 years.


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