The focus on ESG principles will increase at family offices in Asia over the next three years, a survey by investment services company Ocorian found.
Nearly nine out of 10 family office professionals in Asia said there would be an increased focus on ESG principles from a fiduciary perspective over the next three years.
The research, which covered family offices with $15 billion in assets, showed almost all (97%) believed ESG was part of a family office’s fiduciary duty and 87% predicted an increasing focus on ESG principles from a fiduciary perspective over the next three years. Almost half (45%) predicted a dramatic increase.
Novia Lu, business development director, APAC at Ocorian, said: “There is growing interest in ESG as well as private markets and digital assets but overwhelmingly younger family members in Asia want to ensure the long-term growth of the office.”