ESG allocations surge as next generation takes over Hong Kong’s family offices
Family offices in Hong Kong want to do more impact investing, but the paucity of ESG talent and the lack of uniform reporting standards are real issues for them.
Hong Kong family offices stepped up their appetite for environmental, social and governance (ESG)-focused investments in 2021, according to a recent survey by the Family Office Association Hong Kong (FOAHK).
Eighty per cent of respondents said they allocated assets to ESG or impact investing in 2021, and 85% plan to ramp up their allocations this year.
FOAHK chairman Chi Man Kwan told AsianInvestor he wasn't surprised that the momentum towards sustainable and impactful investmen…
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