A successful ESG family office investment strategy starts with aligning with the family’s core values and long-term goals. This alignment ensures genuine commitment and integrates ESG principles into the family office’s operations. Identifying and articulating these values, documenting them into a guiding framework, and setting specific ESG goals are essential for lasting impact. Below are three considerations for family offices:
Consideration 1: Aligning the ESG Strategy family values
The cornerstone of a successful ESG family office investment strategy stems from a clear purpose statement that aligns with the family’s core values and long-term goals. The alignment between the two ensures genuine commitment from all family members and integrates ESG principles into the very fabric of the family office’s operations and ethos.
Identifying and articulating family values
When laying the groundwork for an effective ESG strategy, it is crucial to identify and articulate the family’s values related to sustainability, social responsibility, and governance. To gain deeper insights, family offices can conduct one-on-one interviews, surveys, and vision workshops focused on the family’s future impact and legacy.
Once gathered, these values should be formalised into a document that serves as a guiding framework. Then, a strategic plan with specific ESG objectives and measurable outcomes should be developed, providing a clear roadmap for future initiatives.
