United States

For family offices, ESG special report reflects change and opportunity

Key trends influence governance and investment strategy decisions

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As global interest in environmental, social and governance (ESG) issues continues to grow, so does ESG’s importance to family offices. Key trends outlined in the proprietary RSM US Middle Market Business Index 2021 ESG Special Report stand to influence family office decision-making in managing investment portfolios, so the potential impact of ESG on high net worth individual and family wealth should not be underestimated.

“ESG has become a major focus across the financial intermediary spectrum. Family offices simply can no longer afford to overlook the importance of ESG’s role in building asset allocations, conducting due diligence, performing evaluations, and tracking and reporting sustainability metrics,” says Bill Bijesse, tax principal and global family office markets leader at RSM US LLP.

RSM’s survey data indicates organizations are choosing to embrace ESG initiatives because they believe it is the right thing to do. Family offices should be no exception considering their governance framework and investment strategy are often heavily influenced by the family’s core values. As future generations become involved in the family office business, it is reasonable to expect even more consideration will be given to ESG due to the evolving mindset toward socially responsible investing.

What are key ESG insights that family offices can use for long-term strategic planning? Read the full report to learn more.


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